推动数字城市建设、支持城市更新与民生改善、布局绿色金融与低碳创新，工商银行上海市分行积极参 与到上海这座城市发展的每一个角落当中。不仅通过提供资金直接参与到城市的建设当中来，也通过战 略选择和社会活动，积极塑造城市未来的形态。展望未来，工行将持续秉持金融为民的初心，以更智慧 的科技、更创新的产品、更优质的服务，成为上海城市进化的长期伙伴，与城市共同成长，携手共创更 加美好的明天。 城市如何走向更绿色、更智慧、更宜居的未来？在近期的2025城市可持续发展大会上，答案正在变得逐 渐清晰，金融正在成为城市高质量发展的重要驱动力量。工商银行上海市分行机构金融业务部副总经理 陶史超分享了工行在推动上海城市可持续发展中的思考与实践。 ...

Core Insights - The global flavor and fragrance market is expected to grow at a compound annual growth rate (CAGR) of 3% from 2024 to 2029, driven by stable end-user demand in food and beverages, personal care products, and cleaning agents [2] - The market is being reshaped by consumers' increasing focus on sustainability and health, alongside tightening global regulations [2] Group 1: Low-Carbon Innovation - Consumers are increasingly favoring natural, traceable ingredients and clean label solutions, with plant-based functional nutrition and eco-friendly cleaning solutions becoming key growth drivers [3] - Companies like BASF and IFF are responding to the urgent demand for reduced carbon emissions by launching low-carbon product lines and ensuring responsible sourcing through supplier codes of conduct [3][4] - IFF is utilizing agricultural by-products like cocoa shells and citrus peels to lower environmental impact while enhancing product stability, and has developed a platform to address raw material shortages due to climate change [3] Group 2: Digital Technology and Innovation - Artificial intelligence (AI) is accelerating product development in the flavor and fragrance sector, with systems like ScentChat converting consumer feedback into formulation suggestions and reducing development cycles by 40% [5] - BASF emphasizes close collaboration with clients to drive innovation, offering customized solutions and introducing new natural flavor ingredients through a virtual innovation ecosystem [5] Group 3: Regulatory Environment - The regulatory landscape is becoming increasingly stringent, with new standards and classifications emerging that challenge the flavor and fragrance industry [6] - IFF and BASF are actively engaging in policy-making to advocate for scientifically-based risk assessment systems and are implementing traceability systems to comply with new regulations [6] Group 4: ESG and Carbon Management - With the implementation of EU CSRD and other ESG disclosure requirements, flavor and fragrance companies need to establish comprehensive carbon data management systems across their value chains [7] - The integration of digital tools and biomanufacturing technologies may lead to the development of a new generation of "carbon-neutral fragrances," advancing the industry towards zero-carbon goals [7]