A Zero Breakthrough! Huabao Has Become One of the First Batch of Chinese Enterprises to Join the IFRA-IOFI Sustainability Charter

On May 13, 2025, the International Symposium on Fragrance and Flavor Sustainability, co-hosted by the China Association of Fragrance Flavor and Cosmetic Industries (hereinafter referred to as “CAFFCI”), the International Fragrance Association (IFRA), and the International Organization of the Flavor Industry (IOFI), was successfully held in Shanghai.

Mr. DUAN Jingwei, Director of Enterprise Management and Information Department of Huabao, attended the Symposium and signed the IFRA-IOFI Sustainability Charter on behalf of Huabao, along with other three leading Chinese F&F enterprises including Anhui Huaye, Guangdong Mingkang, Jiangsu Hongbang, marking a zero breakthrough for Chinese F&F enterprises in participating in the international sustainability system, holding milestone significance.

Mr. Alexander Mohr, chairman of IFRA (first from the left), and Mr. Sven Ballschmiede, executive director of IOFI (first from the right) presented the certificates to the first four Chinese enterprises. (The third from the left is Mr. DUAN Jingwei.)

Mr. DUAN delivered a keynote speech titled Sustainable Development Practices in Strategic Upgrades and Transformations, sharing Huabao’s development practices deeply integrating ESG concepts. He introduced that Huabao continuously promoted high-quality sustainable development through multi-dimensional measures such as improving corporate governance structures, deepening social responsibilities and rural revitalization, strengthening multicultural humanistic care, and advancing green and low-carbon production. Notably, Huabao’s innovative explorations and outstanding achievements in anti-bribery and anti-fraud systems, internationalization, and multicultural integration have won high recognition from Chinese and foreign experts and scholars attending the symposium.

In recent years, Huabao has achieved remarkable results in the ESG field. Huabao has released ESG reports for two consecutive years, with its sustainable development practice cases selected for the “Excellent Practice Cases of Rural Revitalization of Public Companies” by China Association for Public Companies (CAPCO) and “2024 Outstanding Practice Cases of Listed Companies in Sustainable Development”. Huabao’s ESG case was also selected for the “2024 Sustainable Development (ESG) Practice Cases in China’s Fragrance, Flavour and Cosmetic Industries”. Additionally, as the leading editor, Huabao spearheaded the formulation of the industry’s first sustainable development group standard, the “Sustainable Development (Environment, Social, and Governance) Guideline for Flavor and Fragrance, and Cosmetics Companies”. Huabao’s Wind ESG rating jumped to Grade A in 2024, becoming the only domestically listed company in the F&F industry to achieve a Grade A rating, and officially joined the United Nations Global Compact (UNGC) in the same year.

As an industry closely related to consumer health and environmental safety, China’s F&F industry is facing significant transformation opportunities. Huabao will take this opportunity to join the international sustainability charter as a stepping stone, practice its corporate mission with concrete actions, actively participate in global industry governance, explore new paths for sustainable development, and make more valuable contributions to enhancing the international influence of China’s F&F and cosmetic industry!