Coty receives B score in CDP 2021 climate change disclosure
10 Jan 2022 --- Beauty giant Coty has received a B score in the CDP 2021 climate change disclosure for its action to reduce climate impact. CDP is a global non-profit that operates the environmental disclosure platform.
In 2021, the company conducted a footprint study that served as its baseline for establishing science-based emission reduction targets following its divestiture from the Wella Company.
As a result of the divestiture, Coty recalculated its carbon baseline to reflect the new structure of Coty. It used the opportunity to strengthen its greenhouse gas reduction target by exploring both 1.5°C and net-zero climate scenarios.
Additionally, Coty divested its Professional Beauty division and most of its retail hair business resulting in the Wella company becoming an independent company.
This B score follows Coty’s update of its sustainability platform “Beauty That Lasts,” setting its strategy for the next ten years framed by time-bound targets. The platform focuses on three pillars that focus on people, products and the planet.
Diversity, inclusion and sustainable sourcing
According to the company, it focuses on diversity, equity and inclusion when it comes to the “people” sector. This is a key strategy portion of its sustainability agenda and its brands play a crucial part in their marketing campaigns.
In the product category, since November 2020, the company has unveiled a “Beauty That Lasts” product sustainability index to ensure that all new product development have sustainability criteria from the beginning.
The company aims to send zero waste to landfills and recycle 80% of waste generated by its factories and distribution centers by 2030.
Additionally, Coty maintains its sourcing strategy and the responsible sourcing of its ingredients are key priorities. Firstly, it focused on ingredients with the highest risks: Palm oil, with the purchase of Roundtable on Sustainable Palm Oil (RSPO) certified palm oil and mica, by being a board member of the Responsible Mica Initiative (RMI).
The company states that it has traced 97% of its mica to the country level and participated in the annual RMI data collection campaign to gain further visibility.
“Currently, 95% of our purchased mica comes from suppliers who themselves are members of the RMI. Looking forward, we will continue our traceability mapping to mine level and continue to support RMI’s efforts to eliminate poor working conditions on the Indian mica supply chain. We will also engage further with our supplier on climate activities,” the company states.
Planetary focus
Regarding the conservation and protection of natural resources, against a 2017 baseline, Coty has already reduced the combined scopes 1 and 2 emissions from offices, factories and distribution centers by 34% and reduced total building energy consumption by 25%.
This supports Coty’s carbon reduction target of 30% by 2030 for combined scopes 1 and 2. Coty has also set a carbon reduction target of 30% by 2030 for its whole value chain (scopes 1, 2 and 3).
In environmental sustainability, the company focuses on waste and water. It targets to send zero waste to landfills and recycle 80% of waste generated by its factories and distribution centers by 2030.
To identify the areas within its business that are mainly water-intensive, Coty is undertaking a new water footprint across its value chain. This will enable it to set water reduction targets to minimize its impact.
Tracking Coty’s previous moves
Coty has been making significant moves in beauty and baby care. Previously, the company released Kylie Jenners’ brand Kylie Baby. The collection included a conditioner, bubble bath, moisturizing lotion and shampoo.
The company also entered a multi-channel agreement with Perfect Corp. enlisting the latter’s augmented reality and artificial intelligence technology to boost personalization and improve consumers’ digital experience.
Edited by Nicole Kerr
