strategy

Strategy
Strategy
strategy
We want to build a business that is prosperous for all and recognize the positive contribution that businesses can make in helping to achieve a more sustainable and equitable world.
 
In 2018, we made progress in developing our sustainability strategy, which sets out how we will champion sustainable beauty. The development of this strategy was informed by our materiality assessment in 2016, further internal consultation with over 900 employees across 34 countries and external stakeholder engagement.

The priorities for our strategy include:

Building an inclusive and open culture, reflected in the way our brands communicate as well as in our internal practices and values. As a business that believes that freedom of self-expression is critical to the Beauty we want to represent, we will engage our employees and partners to take a stand against prejudice and discrimination based on gender, sexual orientation, disability and ethnicity. To help achieve this we have launched We Stand for You, and, in partnership with the international advocacy group, Global Citizen, we are challenging discriminatory norms, stereotypes and policies. For more information, click here.

Exploring the potential of circular innovation, both in ingredients and packaging, given the significant potential for innovation, partnership and collaboration. We have started to develop our capabilities through internal training, innovation challenges and expert partnerships and by starting pilot programs for brands, categories and materials to inform actions for the future.
 
We are in the process of developing our intended goals and science-based targets. These targets and impact metrics will support the United Nations Sustainable Development Goals (the Goals), which address the world's most pressing social, environmental and economic challenges.

In considering how we integrate the Goals into our agenda, we have mapped the them against our sustainability framework and identified four priority goals, 5, 10, 12, 17 acknowledging that by contributing to them in the execution of our sustainability plans, we will directly or indirectly affect all the others.
✓ Limited assurance provided by KPMG