Beauty Of Our Product

BEAUTY OF OUR PRODUCT

Our products have an important role to play in building a sustainable future. To respond to evolving social and environmental challenges, sustainability is at the heart of our product creation, from design and development through to procurement of materials.

INNOVATING SUSTAINABLY

TARGETS

As of 2020, include sustainability criteria in the creation of all new products
As of 2020, share progress on our High Profile Ingredients and Materials management process annually
Following Coty’s separation from the Wella Company, we are resetting our packaging targets in line with our new environmental baseline, and will have a new target to report in Calendar Year 2022

In 2019, we developed our internal Beauty That Lasts Index, a qualitative tool to integrate social and environmental criteria into the packaging and formula development process for new products. In 2020, we piloted the Index in the development of our CK EVERYONE fragrance and have embedded learnings from the pilot to simplify the tool. All our R&D teams have now been trained in using the Index. The Index is now fully deployed across the categories and will be applied to all new initiatives from 2021. You can find out more about the Index here.

We are changing the way we design, formulate and manufacture, in order to minimize our environmental impact and create more innovative, cleaner products. Our R&D function works to leverage the best that nature and science have to offer. By working hand-in-hand with our ingredients suppliers, we use the latest innovation and technology, applying green science to minimize the pressure of our products on natural resources.

We constantly strive to develop products that reflect our consumers’ evolving needs. Increasingly, this means clean products that meet consumer demand for ingredient transparency and minimalist safe formulas, that don’t compromise on product quality.

We now integrate sustainability criteria into the development of all new products. Our internal Beauty That Lasts Index is a qualitative tool to ensure that all new products are evaluated on their social and environmental profile.

Packaging plays an important role in protecting our products and informing our consumers, but it is a significant hotspot of our environmental footprint. We are developing new packaging targets to address this impact. Since 2018, we have been a member of the Sustainable Packaging Initiative for Cosmetics: an initiative that brings together the world’s cosmetics organizations to move the whole industry towards more sustainable packaging.

To find out more about how we innovate sustainably, see here.

SPOTLIGHT ON: DESIGNING LANCASTER SUN SENSITIVE FOR SUSTAINABILITY

In FY21 we relaunched the Lancaster Sun Sensitive range with new clean and ocean-friendly formulas. Formulated with 40% fewer ingredients and with an ocean friendly UV filter system, the range was the first ever sun care range to receive a Silver C2C Certified Material Health Certificate from the Cradle to Cradle Products Innovation Institute.

RESPONSIBLE SOURCING

TARGETS:

Improve responsible sourcing and transparency in our supply chains by:

Purchasing 100% mass balance-certified palm oil for our production sites by 2022 and our third-party manufacturers by 2025
Ensuring 100% of Indian Mica is responsibly sourced by 2030*

* In 2021, in reflection of the impacts of Covid-19, the political climate, and a change of project scope, the Responsible Mica Initiative (RMI) has updated its 2022 target and aligned behind a new set of new ambitions for 2030. As a member of the RMI, Coty has correspondingly aligned our efforts towards these new 2030 ambitions.

Our products are made with ingredients sourced all over the world, so we recognize that our impact extends beyond our own operations. For Coty, responsible sourcing means actively sourcing products and services in an ethical, sustainable and socially conscious way. Our Responsible Sourcing Framework establishes key indicators to monitor progress in the management of our sourcing activities.

We require suppliers to adhere to our Code of Conduct for Business Partners (CoC), which sets out our expectations for anti-corruption, data privacy and human and labor rights, among other practices. Compliance with the CoC or agreed equivalent is a requirement of working with us, and we use several tools to audit and manage the risk of supplier non-compliance.

We pay particular attention to those raw materials which present the greatest potential risk for harmful impacts. We have been a member of the Roundtable for Sustainable Palm Oil (RSPO) since 2017, and are working towards purchasing 100% mass balance-certified palm oil for our production sites and third-party manufacturers. As part of our commitment to improve transparency in our supply chains, we also publish the list of business partners supplying Coty materials containing palm oil derivatives. This list represents the majority of our business partners and will evolve over time as we continue to engage with suppliers on this topic. We are a founding and Board member of the Responsible Mica Initiative: a multi-stakeholder action group aiming to establish a 100% sustainable Indian mica supply chain, free from child labor.

We also work collaboratively with organizations including: AIM-Progress, a network of businesses dedicated to promoting responsible sourcing practices; and we are a founding member of the Responsible Beauty Initiative (RBI), a beauty industry effort to improve sustainability across supply chains by sharing best practices and processes.

To find out more about our responsible sourcing practices, see here.

✓ Limited assurance provided by KPMG

Beauty Of Our Product

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