December 8, 2022
(press release)
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Today, Coty Inc. (NYSE: COTY) becomes one of the first 27 Pioneer companies to join Cosmetics Europe’s “Commit for Our Planet” initiative, an unprecedented industry-wide project which aims to reduce the cosmetic sector’s environmental footprint in Europe. Coty Chief Scientific Officer Dr. Shimei Fan said: “At Coty, our Beauty That Lasts sustainability strategy is a critical driver of our ambition to make over the world of beauty. As a leader in beauty, we must continue to push the boundaries beyond what is comfortable and expected, finding new ways to operate. That includes being bolder in our sustainability ambitions, and collaborating to move the entire industry through initiatives like Commit for Our Planet.” The initiative encourages all cosmetics and personal care companies to take part in a joint industry effort to reduce greenhouse gas emissions, improve packaging solutions and act for nature. The initiative includes specific commitments within the three themes of climate, packaging and nature, which will help drive progress across the full value chain. These areas are central to cosmetics companies’ operations, ensuring the industry can make the most progress towards optimizing sustainable production and consumption of goods. For more details on Commit for Our Planet, visit http://www.commitforourplanet.cosmeticseurope.eu/. About Coty Inc. About Cosmetics Europe For more information, please consult Cosmetics Europe website.
Founded in Paris in 1904, Coty is one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass-market products in approximately 125 countries and territories. Coty and its brands empower people to express themselves freely, creating their own visions of beauty, and is committed to making a positive impact on the planet. For additional information about Coty Inc., please visit www.coty.com.
Cosmetics Europe is the European trade association for the cosmetics and personal care industry. For nearly 60 years, Cosmetics Europe has been the voice of the cosmetics and personal care industry in Europe. Our members include cosmetics and personal care manufacturers as well as associations representing our industry at national level, right across Europe.
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