Beauty of Our People

TARGETS:
 

• Achieve gender balance in our leadership positions* by 2025
• Broaden the measurement and reduction of gender pay gaps** by 2025
• Pay equitably for similar roles and performance, regardless of gender, by 2022
• Roll out diversity, equity and inclusion training for all associates by 2025
• Continue to support the Charter for Change initiative and make our business more accessible to people with disabilities by 2025

* Senior Directors, VP and above
**5 largest markets and functions
 
We are committed to building a more inclusive business and society. We want to create a culture in which our associates bring their true selves to work. Our approach to Diversity, Equity & Inclusion (DE&I) focuses on changing conversation through engagement and education and making systemic changes through policies and processes. For example, in FY21 we rolled out “Change the Conversation” curriculum for all associates, including sessions on “DE&I Fundamentals’’ and “Unconscious Bias”.

We actively seek to achieve gender balance across the entirety of our workforce and measure our progress. In FY21, the percentage of women on our workforce was 62%✓, women managers 56%✓, and total leadership 38%✓. Both our Board of Directors and Executive Committee are majority female. In March 2021 we also set a new commitment to pay equitably for similar roles and performance, regardless of gender, by 2022.*

We are expanding our Employee Resource Groups (ERGs) network – voluntary, employee-led spaces for supporting and empowering associates of all different backgrounds. Throughout the year, we also celebrate key moments to reinforce our collective responsibility to foster greater equity, with a particular focus on gender, ethnicity, LGBTQIA+ and disability rights.

Our brands also have an important role to play in society by challenging stereotypes and championing individuality and self-expression. Inclusivity is at the center of many of our brands’ positioning.

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. In FY21 we also joined forces to encourage stem cell donor registration and continued to collaborate through our support for DKMS Life’s Look Good Feel Better initiative to boost the physical and emotional wellbeing of cancer patients.

We remain dedicated to doing what we can to support Covid-19 relief efforts. Across our European, North American and Chinese operations we donated disinfectants and beauty products for frontline workers, charitable retail partners, and our own Coty associates in FY21.

^✓ Independently assured by KPMG

  * Pay equity as a concept refers to compensating associates the same for similar job responsibilities, while taking into account external factors, such as experience level and job performance, which also impact remuneration.