Coty joins breakthrough EcoBeautyScore Consortium
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NEW YORK, Coty Inc. (NYSE: COTY) (February 17, 2022) – Coty announces today that it joined forces with 35 other cosmetics and personal care companies that form the EcoBeautyScore Consortium.
This breakthrough initiative aims to develop an industry-wide environmental scoring system for cosmetics products, empowering consumers to make sustainable beauty choices.
With a global scope, the Consortium helps the beauty sector meet growing consumer demand for more transparency about the environmental impact of formulations, packaging, and product usage.
Dr. Shimei Fan, Coty Chief Scientific Officer said: “At Coty, sustainability is the ultimate driver of innovation. As a leader in Beauty, we are committed to collaborations that move our entire industry toward more sustainable innovation and greater transparency. We are delighted to join this Consortium, which helps Coty deliver the groundbreaking sustainability progress I came here to lead and drive crucial change in our industry.”
A first prototype is targeted for the end of 2022, which will provide the environmental scoring for a selection of product categories. It will then be verified by independent parties.
For more information view the full press release here: Ecobeautyscore Consortium