We want to embrace and celebrate our differences, creating a business culture in which our associates bring their true selves to work. We recognize the importance of diversity at a leadership level and throughout our whole organization – including diversity of gender, ethnicity, ability, background and gender identity and sexual orientation.
BEAUTY OF OUR PEOPLE
DIVERSITY, EQUITY & INCLUSION
TARGETS:
*Senior Directors, VP and above
**5 largest markets and functions
As part of our efforts to increase the diversity of our leadership team, we set a target to reach a 50:50 gender balance in our leadership positions* by 2025. Currently, the proportion of women in leadership roles globally is 40%✓. In 2020, there have been a number of leadership changes at the Executive Committee (EC) level. Since the appointment of Sue Y. Nabi as Chief Executive Officer in September 2020, there are now 60% women at the EC level and 42% on the Coty Board.
- To roll out diversity, equity and inclusion training for all associates by 2025
- To achieve gender balance in our leadership positions* by 2025
- To broaden the measurement and reduction of gender pay gaps** by 2025
- To continue to support the Charter for Change initiative and make our business more accessible to those with disabilities by 2025
*Senior Directors, VP and above
**5 largest markets and functions
As part of our efforts to increase the diversity of our leadership team, we set a target to reach a 50:50 gender balance in our leadership positions* by 2025. Currently, the proportion of women in leadership roles globally is 40%✓. In 2020, there have been a number of leadership changes at the Executive Committee (EC) level. Since the appointment of Sue Y. Nabi as Chief Executive Officer in September 2020, there are now 60% women at the EC level and 42% on the Coty Board.
40%✓ gender balance in our
leadership positions**
leadership positions**
We have expanded our gender pay target to include our five largest functions, such as Sales and R&D. Our initial analysis indicates a 7% pay difference across Coty, and a 5% difference at a leadership level* in 2020.
We established a Global Diversity, Equity and Inclusion (DE&I) project team in October 2020. This team is responsible for developing and implementing a three-year roadmap with both global and local strategic objectives. The roadmap will identify actions across policies and systems to reduce bias and promote equality across Coty.
We established a Global Diversity, Equity and Inclusion (DE&I) project team in October 2020. This team is responsible for developing and implementing a three-year roadmap with both global and local strategic objectives. The roadmap will identify actions across policies and systems to reduce bias and promote equality across Coty.
AWARENESS AND ADVOCACY
Covid-19 and the killing of George Floyd underscored the systemic inequalities that still exist today. At Coty, we stand against racism in all its forms. Many of us, as individuals and as a company, voiced support and made donations in solidarity to the Black Lives Matter movement. Our brands including COVERGIRL, Sally Hansen, philosophy and Clairol donated to the NAACP and Black Lives Matter.
Throughout the year, we also celebrated key moments to reinforce our collective responsibility to foster greater equity, with a particular focus on gender, LGBTI and disability rights.
For International Women’s Day 2020, we raised awareness of our new gender balance target by highlighting leaders and teams who have championed equality. We also contributed to digital gender equality campaigns run by the advocacy organization, Global Citizen.
To celebrate Pride and highlight the injustices experienced by the LGBTI community, we worked with Global Citizen to launch a new LGBTI myth-busting quiz raising awareness of the inequalities faced by the LGBTI community.
Throughout the year, we also celebrated key moments to reinforce our collective responsibility to foster greater equity, with a particular focus on gender, LGBTI and disability rights.
For International Women’s Day 2020, we raised awareness of our new gender balance target by highlighting leaders and teams who have championed equality. We also contributed to digital gender equality campaigns run by the advocacy organization, Global Citizen.
To celebrate Pride and highlight the injustices experienced by the LGBTI community, we worked with Global Citizen to launch a new LGBTI myth-busting quiz raising awareness of the inequalities faced by the LGBTI community.
We continue to partner with GLAAD, a charity that pushes boundaries and breaks barriers for the LGBTI community by provoking dialogue that leads to cultural change, through our Sally Hansen brand, and for the first time, through COVERGIRL. Both brands made financial donations in 2020 and Sally Hansen released a dedicated Pride nail polish collection.
To mark International Day of People with Disability in December 2019, we encouraged associates to call on world leaders to support children with disabilities through taking online action via the Global Citizen platform.
SPOTLIGHT ON: DIVERSITY AND AUTHENTICITY IN OUR ADVERTISING
Our brands have an important role to play in society by challenging stereotypes and championing individuality and self-expression.
COVERGIRL, Rimmel and Sally Hansen played a leading role in the “Beauty Mark” campaign by the drug store chain CVS. All images that were not photoshopped were marked with a “Beauty Unaltered” label, to help consumers recognize unrealistic depictions of beauty. We no longer manipulate images of models in our CVS or other retailer marketing materials, and others within the industry are now committing to do the same.
COVERGIRL, Rimmel and Sally Hansen played a leading role in the “Beauty Mark” campaign by the drug store chain CVS. All images that were not photoshopped were marked with a “Beauty Unaltered” label, to help consumers recognize unrealistic depictions of beauty. We no longer manipulate images of models in our CVS or other retailer marketing materials, and others within the industry are now committing to do the same.
In August, Perfect by Marc Jacobs launched a campaign to celebrate self-love and individuality. Featuring an inclusive cast of 42 individuals from varying backgrounds, it sought to challenge beauty stereotypes and supports our wider efforts to promote diversity and authenticity in our advertising.
COMMUNITY ACTIVITY
For more than 20 years, Coty has partnered with DKMS, an international non-profit fighting blood cancer and blood disorders. Through corporate donations, we support the mission to end blood cancer and help patients build up their confidence and self-esteem. We also encourage stem cell donor registration activities to ensure DKMS continues to be the world’s largest bone marrow donor center.
We support the charity Look Good Feel Better in several countries through product donations and fundraising initiatives to support their mission of boosting the physical and emotional wellbeing of cancer patients.
Coty has worked with Global Citizen to tackle prejudice and discrimination around the world through digital activism. 256,406✓ actions have been taken by the Global Citizen community on Coty-sponsored actions since 2018. For more information see here.
We support the charity Look Good Feel Better in several countries through product donations and fundraising initiatives to support their mission of boosting the physical and emotional wellbeing of cancer patients.
Coty has worked with Global Citizen to tackle prejudice and discrimination around the world through digital activism. 256,406✓ actions have been taken by the Global Citizen community on Coty-sponsored actions since 2018. For more information see here.
ETHICAL BEHAVIOR
TARGET: 95% of associates to complete annual compliance training by 2025
Our associate Code of Conduct sets out the behavior we expect from our associates and outlines the reporting process if they have any concerns. All associates must acknowledge both receipt of and adherence to the Code. In the past year, 73%✓ of our in-scope associates completed the supporting e-learning on the Coty Academy. See more about our ethical behavior policies here.
Our global compliance program, “Behave Beautifully”, is designed to detect and prevent unlawful behavior and promote a culture of ethical business practices. Covid-19 has presented challenges to delivering this training, so we are reassessing the best way to ensure that associates have access to this remotely.
✓ Limited assurance provided by KPMG
Our associate Code of Conduct sets out the behavior we expect from our associates and outlines the reporting process if they have any concerns. All associates must acknowledge both receipt of and adherence to the Code. In the past year, 73%✓ of our in-scope associates completed the supporting e-learning on the Coty Academy. See more about our ethical behavior policies here.
Our global compliance program, “Behave Beautifully”, is designed to detect and prevent unlawful behavior and promote a culture of ethical business practices. Covid-19 has presented challenges to delivering this training, so we are reassessing the best way to ensure that associates have access to this remotely.
✓ Limited assurance provided by KPMG