Coty has unveiled new sustainability goals in its latest report, focusing on sustainable packaging and water use. Highlights include a 25% reduction in water withdrawal and a 60% cut in virgin plastic use by 2030, with achievements like an 82% decrease in greenhouse gas emissions already surpassing targets.
Beauty giant Coty has introduced updated sustainability targets to reduce environmental impact across areas including packaging and water use. The announcement accompanies Coty’s 2024 sustainability report, which outlines these new goals and highlights significant achievements from the past year.
Among Coty’s updated goals is a commitment to reduce water withdrawal by 25% by 2030, using 2019 as a baseline. This target follows an internal review of water stress at Coty’s manufacturing facilities, identifying four sites in regions facing moderate to high water stress.
The report also sets new packaging standards, aiming to decrease virgin plastic use by 60% by 2030 and ensure that 90% of all fiber-based materials come from certified sustainable sources. This expands Coty’s existing pledge that all folding board boxes will use materials certified by the Forest Stewardship Council (FSC) or Programme for the Endorsement of Forest Certification (PEFC).
In addition to setting new goals, Coty’s report highlights progress in key areas. The company reports an 82% reduction in Scope 1 and 2 greenhouse gas emissions, significantly surpassing its original target of a 50% reduction by 2030. Other achievements include reaching gender parity in leadership positions ahead of schedule and reducing air freight emissions by 65% since 2019.
Coty CEO Sue Nabi stated, “In FY24, Coty made extraordinary progress toward our ESG goals, from achieving gender balance in leadership to setting ambitious new targets on packaging and water use. Sustainability remains central to Coty’s success as we continue to make progress in areas critical to the future of beauty.”
These initiatives underscore Coty’s dedication to environmental stewardship as it advances toward a more sustainable future for the beauty industry.
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