Integrated Annual Report 2024

Perfumery & Beauty
The year in review

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P&B is now the preferred partner for some of the most iconic brands in consumer goods, lifestyle, and beauty. Powered by scientific innovations in fragrance and skincare, we enable our customers to offer essential, desirable and sustainable products while delivering superior performance.

In June, during dsm-firmenich’s Capital Markets Day, we outlined our value creation ambition. In the course of the year, we further detailed our new strategy ‘Beyond well-being. Uniting delight and care’. We defined our where-to-play priorities in a thorough bottom-up process and identified the strategic levers and enablers that will allow us to win in the market and maintain leadership in the perfumery and beauty space. Implementation of the new strategy is scheduled for the first quarter of 2025.

Perfumery awards

Our team comprises 110 multi-generational talented perfumers who received numerous awards in 2024, not only for their best-selling fragrances but also for their dedication and creativity. We won more than a dozen accolades, not only from the most prestigious award-giving bodies in the world, but also from leading magazines such as Marie Claire, ELLE and Allure. Highlights included:

  • Burberry Goddess by Amandine Clerc-Marie, which won three major awards including Fragrance of the Year from the Fragrance Foundation Awards in the US.
  • Valentino ‘Born in Roma Intense’ by Honorine Blanc and Amandine Clerc-Marie, which won Fragrance of the Year (Women’s Luxury)
  • Marc Jacobs Daisy Eau de Toilette, which won the Fragrance Hall of Fame award for Master Perfumer Alberto Morillas
  • Givenchy Téméraire – La Collection Particulière by Nicolas Bonneville, which won Best Niche Perfume at the Fragrance Foundation Awards in France
  • Finally, at Accademia del Profumo in Italy, we won five awards, including Best Perfume for women, with Narciso Rodriguez All of Me by Dora Baghriche and Daphné Bugey, and Best Perfume for men made in Italy with Dolce & Gabbana Light Blue Summer Vibes by Alberto Morillas.

Beauty & Care awards

Our holistic beauty solution, ETERWELL™ YOUTH, powered by senolytics science, won five awards, including the Gold Award in Innovation for Best Active Ingredient at the in-Cosmetics Global Summit held in Paris (France), thanks to its remarkable product substantiation in in-vivo, ex-vivo, and in-vitro scientific studies.

Client recognition awards

Alongside our perfume creators, we were also recognized by our biggest international clients, outperforming our competitors.

This year, Procter & Gamble honored us with the Supplier Impact Award 2024 for ‘Most Impactful Equality & Inclusion Practices’, reaffirming our efforts in support of Diversity, Equity & Inclusion (DE&I). We also received the Partnership Award of the Year from Unilever in recognition of our smooth integration and advancements in pricing adjustment, as well as the Best Innovation Contributor Award from Henkel Consumer Brands in the laundry care category for our breakthrough technology in biodegradable profragrances. Finally, at Rituals, we were awarded Best-in-Class 2024 in the ‘Innovation’ category, among Rituals’ top 80 suppliers.

Investing for growth

Recent investments made by P&B are now paving the way for future growth and success.

In March 2024, we inaugurated two cutting-edge ingredients plants in south-west France. These state-of-the-art facilities support our strategic perfumery ambitions regarding the use of sustainable ingredients. The first facility is a multipurpose unit to produce various bio-sourced ingredients derived from pine, and the second, a brand-new plant dedicated to the production of our iconic biodegradable musk HABANOLIDE®.

We also inaugurated a new superfluid extraction (SFE) technology plant in India with our long-term partner Jasmine Concrete, which will further strengthen our green extraction capabilities in the region. In September, we completed the construction of a new production unit in La Plaine, our historic Ingredients site in Geneva. This facility is designed to produce revolutionary biodegradable fragrance capsules for laundry care – a first on the world market.

A person holding a glass full of yellow pills (photo)

Health, Nutrition & Care:
Accelerating a customer’s transition to algal omega-3

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A person holding a tablet walking through a cattle farm (photo)

Animal Health & Nutrition:
Boosting cattle farming in Brazil using precision nutrition

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Pink pepper (photo)

Responsible sourcing:
Making a positive impact in Madagascar's value chains

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