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Sustainability and Cosmetics: A Compendium of Global Cosmetics Industry Actions on Sustainability

Sustainability Outlook is excited to announce the release of our latest research on the global Cosmetics Industry. The report titled Sustainability and Cosmetics releases as sustainability comes to the fore in the cosmetics and personal care industry. The report profiles the sustainability actions of global cosmetics giants including Procter & Gamble, L'Oréal, Unilever, Avon, Beiersdorf and Estee Lauder among others.

The report analyzes the:

  • Completeness and comprehensiveness of disclosure of Economic, Social and Governance (ESG) metrics by cosmetics companies
  • Differences in companies' respective sustainability goals
  • Ranking of global giants vis-à-vis their peers on environment, social and governance disclosure
  • Key material sustainability performance indicators which remain unaddressed
  • Key sustainability innovations across the cosmetics value chain
  • Key compliance requirements for cosmetics sector
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SOME KEY FINDINGS OF THE REPORT

  • THE TRENDSETTERS: L’Oréal  ahead of the curve when it comes to sustainability; Natura not far behind
  • AN ABUNDANCE OF VISION: 20 of the 23 companies analysed have a distinctly defined sustainability vision thus underlining that risks associated to sustainability are now better understood
  • VISION NOT TRANSLATING INTO ACTION: There is little correlation between targets and disclosure of cosmetics companies
  • CIRCULAR ECONOMY STILL A PIPE DREAM: Only 23% of the companies had defined targets for the use phase of the products and 13% for the end of product life phase.
  • REGULATIONS DRIVING DISCLOSURES: 90% of the companies studied were found to release sustainability/business responsibility reports at regular intervals with major areas of focus including policies and standards, social development initiatives - most of which are mandatory for the companies to disclose.

TABLE OF CONTENTS

Sustainability Shaping the Trends in Cosmetics Industry.. 1

  • Defining Sustainability for the Cosmetics Sector. 1
  • Drivers for Sustainability.. 2
  • Objectives of the Report. 6
  • Sustainability Disclosure by Cosmetics Companies: Metric-wise Analysis. 7
  • Sustainability Scorecard. 10

ESG Disclosure: The New Inflection Point.. 15

  • Conflation of Governance and Sustainability Vision: Reshaping Global Markets. 15
  • Little correlation between targets and disclosure. 15
  • Social and governance disclosure takes the lead. 18

L’Oréal. 24

  • Highlights. 24
  • Sustainability Vision.. 24
  • Sustainability Targets. 24
  • Key Product Initiatives. 25

Unilever.. 26

  • Highlights. 26
  • Sustainability Vision.. 26
  • Sustainability Targets. 26
  • Key Product Initiatives. 27

Procter & Gamble.. 28

  • Highlights. 28
  • Sustainability Vision.. 28
  • Sustainability Targets. 28
  • Key Product Initiatives. 29

Colgate Palmolive.. 30

  • Highlights. 30
  • Sustainability Vision.. 30
  • Sustainability Targets. 30
  • Key Product Initiatives. 31

Estée Lauder.. 32

  • Highlights. 32
  • Sustainability Vision.. 32
  • Sustainability Targets. 32

Johnson & Johnson.. 33

  • Highlights. 33
  • Sustainability Vision.. 33
  • Sustainability Targets. 33

Beiersdorf.. 34

  • Highlights. 34
  • Sustainability Vision.. 34
  • Sustainability Targets. 34

Shiseido... 35

  • Highlights. 35
  • Sustainability Vision.. 35
  • Sustainability Targets. 35
  • Key Product Initiatives. 36

Avon.. 37

  • Highlights. 37
  • Sustainability Vision.. 37
  • Sustainability Targets. 37

Kao Corporation.. 38

  • Highlights. 38
  • Sustainability Vision.. 38
  • Sustainability Targets. 38
  • Key Product Initiatives. 39

Amorepacific Corporation.. 40

  • Highlights. 40
  • Sustainability Vision.. 40
  • Sustainability Targets. 40

LVMH.. 41

  • Highlights. 41
  • Sustainability Vision.. 41
  • Sustainability Targets. 41

Henkel. 42

  • Highlights. 42
  • Sustainability Vision.. 42
  • Sustainability Targets. 42
  • Key Product Initiatives. 43

Natura.. 44

  • Highlights. 44
  • Sustainability Vision.. 44
  • Sustainability Targets. 44

Revlon.. 45

  • Highlights. 45
  • Sustainability Vision.. 45
  • Sustainability Targets. 45

Oriflame.. 46

  • Highlights. 46
  • Sustainability Vision.. 46
  • Sustainability Targets. 46

Nu Skin Enterprises. 47

  • Highlights. 47
  • Sustainability Vision.. 47
  • Sustainability Targets. 47

L’Occitane.. 48

  • Highlights. 48
  • Sustainability Vision.. 48
  • Sustainability Targets. 48

KOSÉ Corporation.. 49

  • Highlights. 49
  • Sustainability Vision.. 49
  • Sustainability Targets. 49

Dr. Bronner’s. 50

  • Highlights. 50
  • Sustainability Vision.. 50
  • Sustainability Targets. 50

Hindustan Unilever Limited.. 51

  • Highlights. 51
  • Sustainability Vision.. 51
  • Sustainability Targets. 51
  • Key Product Initiatives. 52

Emami 53

  • Highlights. 53
  • Sustainability Vision.. 53
  • Sustainability Targets and Goals. 53

Marico... 54

  • Highlights. 54
  • Sustainability Vision.. 54
  • Sustainability Targets and Goals. 54

Innovating Sustainably.. 56

  • Focus area of innovation: Sourcing/Ingredients. 57
  • Focus Area of Innovation: Packaging.. 60

SUSTAINABILITY AND THE COSMETICS INDUSTRY

For companies today, sustainability implies a balanced consideration of social responsibility, environmental protection and economic development. Global businesses have been actively working on reducing greenhouse gas emissions, ensuring fair trade practices, reducing waste production, promoting employee’s health and safety, protecting labour rights and community development to name a few.

Consumer demand along with civil society mobilization and government regulations are acting as key drivers for sustainability in the cosmetics industry. Also, with increasing demand for cosmetics (driven by rising affluence and aspirations in emerging economies), there is increasing pressure on scarce resources which is forcing companies to innovate and make do with fewer resources, i.e. become more resource efficient.

Sustainability Outlook has analysed the performance of top 23 global cosmetics majors based on their disclosure against 56 sustainability metrics (across 18 areas).

For more information, you can download the free excerpt here.

For any enquiries related to the report, write to the Market Access and Intelligence Team at mait@sustainabilityoutlook.in or call us at +91.11.410.511.95.

Author: SustainabilityOutlook