strategy and commitments

strategy and commitments
Strategy
We believe business plays an important role in helping to solve some of the most pressing social, environmental and governance challenges the world faces.

Beauty transcends cultures and countries. Beauty can be more sustainable; more positive, more inclusive. By challenging ourselves and others we can change what beauty stands for the impact it has on people and the world. We believe beauty can inspire people to express their true selves. 

We are currently developing our new responsible growth strategy based on our values, purpose and the material issues across our whole value chain. It will outline ambitious goals and time-bound targets. Our Plan reflects the United Nations Sustainable Development Goals (SDGs), which aim to end extreme poverty, inequality and climate change by 2030.

As part of our responsible growth strategy and our commitment to break down the barriers to full and free self-expression, we have partnered with international advocacy organization, Global Citizen, to tackle the prejudice and discrimination that stops people being able to express their true selves. The global program, “We Stand For You,” focuses on those who face discrimination based on their gender, sexual orientation, disability or ethnicity by challenging the norms, stereotypes and policies that perpetuate prejudice and discrimination around the world.
 
The program mobilizes Coty colleagues around the world to use their collective voice to advocate and campaign for social change through online engagement, and immersive action.
 
Commitments
United Nations Global Compact
 
In 2015 we became signatories to the United Nations Global Compact (UNGC). We support the UNGC’s ten fundamental principles on human rights, labor, environment and anti-corruption. We are committed to embedding the principles into our company culture and operations. Over the last year, we have made good progress on key areas including:
 
• Building internal awareness and understanding on how business decisions and operations have an economic, social and environmental impact
• Understanding stakeholder expectations on our responsibilities.
• Implementing new tools and monitoring systems to harmonize and improve Environmental & Social Governance (ESG) data quality and reporting.

Our actual and past Communication On Progress (COP) are available to read here.
AIM Progress
 
In 2017, we joined the AIM-Progress Taskforce as part of our commitment to responsible and sustainable sourcing. AIM-Progress is a forum of fast moving consumer goods (FMCG) companies which aims to positively impact people’s lives through robust responsible sourcing practices and supply chains. By working with our peers across the FMCG industry we are able to share best practices in topics of sustainability common to our industry.
We Are Still In
 
Climate change is one of the most pressing issues of our time. Along with other US businesses, local government and academic leaders, we have signed the We Are Still In open letter pledging our continued support for climate action to meet the Paris Agreement. As an international community, we have a responsibility to limit global temperature rises to no more than 2°C and to transition to a clean energy economy which will benefit our collective security, prosperity, and health.
 
We aim to reduce  our environmental footprint and increase our positive social impact. Our new responsible growth strategy will outline how we will reduce our environmental impact across our whole value chain, including improving energy efficiencies. By working in partnership we can accelerate efforts towards a climate-resilient future.
Responsible mica initiative
 
Mica is a mineral found in many products across cosmetics, automotive, and electronic industries and provides a sparkle or sheen. Mica naturally occurs in many countries around the world, however, in India mica mainly originates from the socially and economically challenged regions of Bihar and Jharkand, where the risks of child labor and unsafe working conditions are high.

In January 2017, we became one of the founding members of the Responsible Mica Initiative, a multi-stakeholder effort which aims to achieve a 100% sustainable mica supply chain over the next 5 years by eradicating child labor and unacceptable working conditions in the Indian mica supply chain.

While most of Coty’s sourcing of mica comes from other regions, we wanted to lend our voice and influence by partnering with major actors of the industry to improve sustainable sourcing practices, increase traceability and help diversify the income of local communities.
 
MORE ON OUR RESPONSIBLE GROWTH