Beauty Of Our Planet

The precious resources of our planet are at risk. That means businesses, including Coty, need to act urgently to conserve natural resources. This is a vital part of our responsibility to the world we live in and the generations to come.

Climate change is affecting many parts of the world already. In order to protect our planet, we will play our role in reducing carbon emissions by creating efficiencies across our value chain, as well as finding opportunities to reduce and re-use waste, and minimize water use wherever possible.

TARGETS:

By 2030,       

• To reduce our absolute CO2e emissions across the entire value chain* by 30%
• To reduce energy consumption* by 25% and switch to 100% renewable energy

*Baseline 2017

In recognition of the urgent actions required, we will reduce the absolute greenhouse gas emissions of our value chain by 30% between 2017-2030. This target includes emissions from our own operations, as well as upstream sourcing of raw materials, and downstream activities such as business travel. Innovations with sustainability in mind will play an important role in reducing our carbon emissions.

In FY19, our combined scope 1 and 2 emissions were 122,700 tonnes of CO2e across our own operations. Emissions from energy consumption at our sites have reduced by 158,980 tonnes of CO2e compared to our 2017 baseline. To date, we have reduced our scope 1 and 2 emissions by 21% across our offices, factories and distribution centers. This is partly due to the rationalization of our estate portfolio, as well as a targeted approach to energy reduction at our sites.

Another focus is the impact of transport, both before and after production. In FY19 we engaged with suppliers to increase our understanding of this area and get more and better data. We set up a cross-functional project team to create a standardized approach for measuring transport emissions. One example of this approach is our value optimization team, who reviewed the transport associated with the raw materials of secondary packaging. By creating a new end-to-end process, the team will save approximately 2,000 tonnes CO2e each year.

TARGETS:

By 2030,

• To further reduce, re-use or recycle
• To send zero waste to landfill
• To recycle 80% of all waste ​

Waste is generated during the manufacturing of our products. We work with waste management partners to help us assess, plan and innovate to reduce the amount of waste as well as improve how it is disposed of. With the appointment of dedicated waste managers and the installation of new equipment, we also achieved an overall 15% reduction in waste volume. We achieved a recycling rate of 64% across all our sites, which is consistent with previous years. Our target is to send zero waste from our factories and distribution centers to landfill – and although only 1.6% of all waste was sent to landfill in FY19, we will continue our efforts to reduce this to zero.

We are continuing with water reduction efforts across our sites and achieved a 3% reduction in FY19 compared to FY18. At our largest manufacturing site, we piloted a water reduction study that identified efficiencies and water management techniques that we plan to implement across other sites. We also joined The Water Council, a cross-industry effort aimed at sharing best practice in water management.

^✓ Limited assurance provided by KPMG