THE WHAT? Coty has revealed its Sustainability Report for FY24. The US magnificence behemoth mentioned it had made ‘important progress throughout environmental objectives’ within the 12-month interval, and has exceeded sure 2030 targets forward of schedule.
THE DETAILS Highlights embrace a 65 p.c discount in air freight emissions towards a 2019 base, an 82 p.c discount in Scope 1 and a pair of emissions targets. All of Coty’s factories and distribution facilities at the moment are powered completely by renewable power and 85 p.c of manufacturing facility and distribution heart waste is recycled.
The US magnificence big has additionally pledged to chop virgin plastic use by 60 p.c by 2030 and launched its first water goal to scale back water withdrawal by 25 p.c.
THE WHY? Coty CEO Sue Nabi feedback, “As we mark our one hundred and twentieth anniversary, we’re immensely pleased with our achievements in sustainability and innovation. In FY24, Coty made extraordinary progress towards our ESG objectives, from reaching gender steadiness in management to setting formidable new targets on packaging and water use. Sustainability stays central to Coty’s success as we proceed to make progress in areas important to the way forward for magnificence.”