We recognize that to achieve our targets, sustainable and responsible business practices need to be integrated across our business, and led from the top.
FUNDAMENTALS OF
RESPONSIBILITY
RESPONSIBILITY
GOVERNANCE
The development and implementation of Coty’s sustainability strategy is led by a dedicated Global Sustainability team reporting to the CEO. The Sustainability team works hand-in-hand with the functional leads of each business function, as well as Coty’s brands and external partners. The functional leads and the Sustainability team meet monthly to cover cross-functional topics, with each functional lead reporting progress and updates to their leadership team.
Progress against the sustainability strategy is reported to the Executive Committee. Our Board of Directors receives a formal update on the strategy regularly, a minimum of once a year, and has oversight on all sustainability policies, programs and reporting.
Progress against the sustainability strategy is reported to the Executive Committee. Our Board of Directors receives a formal update on the strategy regularly, a minimum of once a year, and has oversight on all sustainability policies, programs and reporting.
ETHICAL BEHAVIOR
TARGET:
Our associate Code of Conduct sets out the behavior we expect from our associates and outlines the reporting process and protocols to follow if they have any concerns related to ethics and compliance. Training on the Code of Conduct is provided to all new associates at the time of joining, with additional training provided globally every two years.
In FY21, 4,818✓ of our in-scope** associates were trained on compliance modules on Coty Academy, a completion rate of 98%✓.
- 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 and protocols to follow if they have any concerns related to ethics and compliance. Training on the Code of Conduct is provided to all new associates at the time of joining, with additional training provided globally every two years.
In FY21, 4,818✓ of our in-scope** associates were trained on compliance modules on Coty Academy, a completion rate of 98%✓.
ASSOCIATE HEALTH, SAFETY AND WELLBEING
At Coty, we strive to provide a safe and supporting working environment, whether at home or across our corporate sites. Our global Health and Safety Policy governs the management of work-related health and safety risks across all our manufacturing and distribution sites, including corporate offices.
We manage the risk of accidents at our supply chain sites using our Six Key Elements Audits (6 KEA) program. Under the program all supply chain sites are required to complete a safety audit annually and set out an action plan for improvement which is reviewed monthly. The results of the 6 KEA program are tracked at a global level and reviewed by our safety leaders on a monthly basis.
The overall success of our health and safety management approach is assessed using a Total Recordable Incident Rate* (TRIR).
We manage the risk of accidents at our supply chain sites using our Six Key Elements Audits (6 KEA) program. Under the program all supply chain sites are required to complete a safety audit annually and set out an action plan for improvement which is reviewed monthly. The results of the 6 KEA program are tracked at a global level and reviewed by our safety leaders on a monthly basis.
The overall success of our health and safety management approach is assessed using a Total Recordable Incident Rate* (TRIR).
Total Recordable Incident Rate* of 0.18✓ in 2021
Goinia DC celebrating four years with no accidents.
Goinia DC celebrating four years with no accidents.
PRODUCT SAFETY
Ensuring that our products meet the highest standards of safety is integral to maintaining the trust of our consumers, and a top priority for Coty. The process begins at the earliest stages of pre-conception and development, where decisions regarding product ingredients and formulation are directed by Coty’s internal guidance on acceptable usage of materials.
Particular attention is paid to avoiding or minimizing the use of HPIMs (High Profile Ingredients and Materials). Our scientific experts review credible academic research from a variety of sources and any decisions relating to the creation or reformulation of products are made accordingly.
We ensure that all our products are safe and have been developed, manufactured and packaged in compliance with the laws, regulations and guidelines applicable in each country in which they are sold.
Once on the market, we monitor the human safety of our products through consumer feedback. In case of health-related complaints or concerns, our global Cosmetovigilance group produces expert medical case assessments, trend analysis and feedback for product development, as well as reporting to authorities.
Particular attention is paid to avoiding or minimizing the use of HPIMs (High Profile Ingredients and Materials). Our scientific experts review credible academic research from a variety of sources and any decisions relating to the creation or reformulation of products are made accordingly.
We ensure that all our products are safe and have been developed, manufactured and packaged in compliance with the laws, regulations and guidelines applicable in each country in which they are sold.
Once on the market, we monitor the human safety of our products through consumer feedback. In case of health-related complaints or concerns, our global Cosmetovigilance group produces expert medical case assessments, trend analysis and feedback for product development, as well as reporting to authorities.
✓ Limited assurance provided by KPMG
*Defined as (200,000/total no. working hours on a 1 year rolling average)
** The scope includes all active employees, excluding employees who are on paid or unpaid leave or those who don’t have access to a private computer.
*Defined as (200,000/total no. working hours on a 1 year rolling average)
** The scope includes all active employees, excluding employees who are on paid or unpaid leave or those who don’t have access to a private computer.