Coty Makes Strides on 2022 U.S. Corporate Equality Index, a Leading Scorecard for LGBTQ+ Workplace Equality
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NEW YORK—Coty, Inc. (NYSE: COTY), one of the world’s largest beauty companies, today announced progress in its ranking on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the foremost benchmarking survey and report of corporate policies and practices related to LGBTQ+ workplace equality in the U.S.
This year, in Coty’s second annual rating on the CEI, the company saw a score of 95, of a total 100. The 10-point uplift from 2021 reflects Coty’s continuous work to promote LGBTQ+-friendly workplace policies. With operations around the world, Coty is among the 56% of CEI-rated companies also helping to advance the cause of LGBTQ+ inclusion in workplaces outside the U.S.
Coty scored positively for its adoption of gender transition guidelines to promote transgender inclusion, a program that just more than half of CEI-rated companies also promote. Programs to support organizational LGBTQ+ diversity competency, including training for all employees such as a “LGBTQIA+ You” module, and demonstrating public commitment to the LGBTQ+ community also contributed to Coty’s progress on the CEI.
Anne Jaeckin, Coty Chief Human Resources Officer said: “At Coty, we foster a culture in which our associates bring their true selves to work, in turn making Coty stronger. The fact that we’ve been able to improve our score so significantly over the year reflects concerted efforts by teams from across the organization. This includes policy updates, promotion of employee resource groups, and brand programs that allow our consumers to celebrate and advocate for the LGBTQ+ community alongside us. We are not stopping here though. We will continue to evolve to ensure a truly equitable Coty that reflects the communities we are part of and has a positive impact on society. The CEI is a strong benchmark that will help us continue to measure our progress.”
“When the Human Rights Campaign Foundation created the Corporate Equality Index 20 years ago, we dreamed that LGBTQ+ workers—from the factory floor to corporate headquarters, in big cities and small towns—could have access to the policies and benefits needed to thrive and live life authentically,” said Jay Brown, Human Rights Campaign Senior Vice President of Programs, Research and Training. “We are proud that the Corporate Equality Index paved the way to that reality for countless LGBTQ+ workers in America and abroad. But there is still more to do, which is why we are raising the bar yet again to create more equitable workplaces and a better tomorrow for LGBTQ+ workers everywhere.”
Coty is among the 1,271 major businesses ranked on the 2022 CEI. The CEI rates companies on detailed criteria falling under four central pillars:
- Non-discrimination policies across business entities;
- Equitable benefits for LGBTQ+ workers and their families;
- Supporting an inclusive culture; and,
- Corporate social responsibility.
The full CEI report is available online at www.hrc.org/cei.
Founded in Paris in 1904, Coty is one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass market products in more than 130 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to making a positive impact on the planet. Learn more at coty.com or on LinkedIn and Instagram.
About the Human Rights Campaign
The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work.
Source: Coty Inc.