Case Study: Symrise achieves sustainability-linked financing with Sedex

Sedex member Symrise on their new sustainability-linked loan

Symrise AG, a global supplier of flavours and fragrances, was committed to integrating its sustainability goals across all business areas, including finance. The challenge was to align corporate financing with its social and environmental targets to create a cohesive strategy. The vendor Sedex provided its SMETA audit framework, which became a key component in structuring this new initiative.

Sedex's solution enabled Symrise to establish a revolving credit facility linked to sustainability performance, the first of its kind in the industry. The loan's interest rate is tied to three indicators, including performance in sustainable sourcing as measured by Sedex's SMETA audit. The results included securing the innovative financing and creating a mechanism where any financial savings are donated to a charitable youth programme, thereby extending the positive impact of their sustainable operations.

Symrise AG

Helmut Frieden

Vice President of Corporate Sustainability