Coty achieves an 82% emissions reduction

Coty has exceeded its Scope 1 and 2 emissions targets for 2030, achieving an 82% reduction from 2019, the beauty giant announced Monday as part of its FY24 Sustainability Report.

This achievement was further supported by a 65% reduction in air transport emissions, thanks to optimized logistics. Likewise, all Coty-owned factories and distribution centers are now powered by 100% renewable electricity, with eight key sites achieving carbon neutrality for Scope 1 and 2 emissions.

To reduce plastic waste, Coty has rejoined the Ellen MacArthur Foundation as a network member and committed to reducing virgin plastic use by 60% by 2030 (up from 2019). The company also unveiled its first water target to reduce water extraction by 25% by 2030, along with a new commitment to certify 90% of fiber-based materials by the same year.

On the product front, Coty has updated the packaging of traditional items like CoverGirl Clean Invisible Foundation and Max Factor Facefinity Compact, aligning with its sustainable packaging initiatives. The recent launch of Infiniment Coty Paris, a collection made entirely with alcohol from recycled carbon emissions, marked another milestone in Coty's commitment to sustainability.

Coty has also made progress in diversity, equity and inclusion. The company achieved gender balance in leadership positions ahead of its 2025 goal, and women represent the majority of named Coty patent inventors.

“As we celebrate our 120th anniversary, we are immensely proud of our achievements in sustainability and innovation,” said Coty CEO Sue Nabi.

“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 critical to Coty's success as we continue to advance in areas critical to the future of beauty.”