TARGETS:
We aim to improve responsible sourcing and transparency in our supply chains by:
- Purchasing 100% mass balance-certified palm oil for our production sites by 2022
- Ensuring 100% of Indian Mica is responsibly sourced by 2022
Our Code of Conduct for Business Partners sets out our expectations for suppliers. In 2020, we strengthened the Code to enhance certain standards, and 187✓ suppliers have signed the new Code as of June 2020.
Suppliers at higher risk of non-compliance are engaged using the Suppliers’ Ethical Data Exchange (SEDEX), an online tool that allows the scoring and verification of suppliers’ self-assessment and third-party audits. In 2020, we have assessed 98✓ suppliers covering 149 sites (including some indirect suppliers) through the SEDEX self-assessment questionnaire or via an audit if necessary. In 2021 and beyond, we will expand training on the SEDEX platform to ensure it is part of onboarding new suppliers.
We continue to use the EcoVadis 360o ESG assessments for suppliers within indirect spend categories. In total, Coty has 198 suppliers assessed in EcoVadis, with 83✓ assessed in 2020 receiving an average score of 56.9 out of 100, more than 14 points above the average EcoVadis score.
We work collaboratively with organizations including AIM-Progress: a network of businesses dedicated to sustainable supply chains. We are also a co-founder of the Responsible Beauty Initiative (RBI), which leverages the EcoVadis network to store and manage the corporate social responsibility details of mutual RBI suppliers.
You can find out more about our supplier compliance process
here.
We have taken steps to improve responsible sourcing and transparency in our supply chains. In 2020, 30% of the palm oil derivatives we purchased for our factories was RSPO Mass Balance certified, which is in line with our annual objectives. We recognize we need to go further and faster and are exploring ways to strengthen our responsible sourcing practices. As part of this process, in 2021 we will publish the full list of our direct palm oil derivative suppliers.
In 2020, 30% of the palm oil derivatives we purchased for our factories was RSPO Mass Balance certified, which is in line with our annual objectives. We recognize we need to go further and faster, and are exploring ways to strengthen our responsible sourcing practices.
Coty became a founding member of the Responsible Mica Initiative (RMI) in 2017. The RMI is a multi-stakeholder action group aiming to establish a 100% sustainable Indian mica supply chain by the end of 2022. We have traced 97% of our mica to country level and 53% of our Indian mica sources to mine level. Currently, 95% of our purchased mica comes from suppliers who themselves are members of the RMI.
✓ Limited assurance provided by KPMG