11.04.24
Coty released its FY24 Sustainability Report, highlighting significant progress in the company’s environmental goals, reaffirming its commitment to a more sustainable beauty industry, and exceeding certain key targets for 2030 ahead of schedule.
As the beauty powerhouse celebrates its 120th year, Coty continues to advance sustainability in the industry, with bold commitments reinforcing its Beauty that Lasts strategy.
Coty CEO Sue Nabi said,
“As we mark our 120th anniversary, we are immensely proud of our achievements in sustainability and innovation. In FY24, Coty made extraordinary progress toward our ESG goals, from achieving gender balance in leadership to setting ambitious new targets on packaging and water use. Sustainability remains central to Coty’s success as we continue to make progress in areas critical to the future of beauty."
The company was recognized for DE&I leadership, with Coty US achieving a perfect score on the HRC’s Corporate Equality Index. Coty UK&I was named among Stonewall’s Top 100 Employers as well as receiving Disability Confident Committed certification.
Coty’s FY24 Sustainability Report reflects its commitment to driving progress and advancing sustainable innovation.
See here for the full Fiscal Year 2024 Sustainability Report.
ELC Releases Annual Social Impact & Sustainability Report 2024
As the beauty powerhouse celebrates its 120th year, Coty continues to advance sustainability in the industry, with bold commitments reinforcing its Beauty that Lasts strategy.
Coty CEO Sue Nabi said,
“As we mark our 120th anniversary, we are immensely proud of our achievements in sustainability and innovation. In FY24, Coty made extraordinary progress toward our ESG goals, from achieving gender balance in leadership to setting ambitious new targets on packaging and water use. Sustainability remains central to Coty’s success as we continue to make progress in areas critical to the future of beauty."
Key Highlights
- Coty rejoined the Ellen MacArthur Foundation as a Network Member, pledging to cut virgin plastic use by 60% by 2030 (vs. 2019) and enhancing packaging transparency.
- 85% of factory and distribution center waste was recycled, continuing to surpass its 80% goal.
- Updated heritage product packaging like CoverGirl Clean Invisible Foundation and Max Factor Facefinity Compact with more sustainable packaging profiles*** and launched Infiniment Coty Paris—the first full collection manufactured with 100% alcohol from recycled carbon emissions.
- Coty uses 100% RSPO-sourced palm oil in production sites.
- 2030 Scope 1 and 2 emissions targets were surpassed, achieving an 82% reduction since 2019.
- Coty-owned factories and distribution centers are powered by 100% renewable electricity, and eight sites (including factories, labs, and offices) are carbon neutral for Scope 1 and 2 emissions.
- A 65% reduction in air freight emissions was reported (compared to 2019) due to optimized logistics.
- The company introduced its first water target to reduce water withdrawal by 25% by 2030 (vs. 2019) and a new commitment to 90% certification of all fiber-based materials by 2030.
The company was recognized for DE&I leadership, with Coty US achieving a perfect score on the HRC’s Corporate Equality Index. Coty UK&I was named among Stonewall’s Top 100 Employers as well as receiving Disability Confident Committed certification.
Coty’s FY24 Sustainability Report reflects its commitment to driving progress and advancing sustainable innovation.
See here for the full Fiscal Year 2024 Sustainability Report.
Read Next
Coty Reports Strong Growth in Q3 of 2024ELC Releases Annual Social Impact & Sustainability Report 2024
