U.S. beauty group Coty is advancing its long-term sustainability agenda.
Shared on Earth Day, the company has received approval from the Science Based Targets initiative (SBTi) on its plan for reaching net-zero emissions by 2050. Sign-off from the global body, which validates corporate emissions-reduction targets, ensures Coty’s goals are aligned with the latest climate science, as the world works to cap global warming at 1.5 degrees Celsius.
“This is a proud moment for Coty,” said Markus Strobel, executive chairman and interim CEO at Coty, in a statement.
“It gives us science‑based goals and sharpens our Becoming Carbon Kind strategy,” Mr. Strobel said. “Recent upgrades from leading ESG raters, including S&P Global and MSCI, are another independent sign of our commitment — and of our progress.”
Tightening targets
Coty now aims to reduce absolute Scope 1, 2 and 3 greenhouse gas emissions by 90 percent from a 2019 baseline by 2050.
The company has also tightened its interim targets, raising its Scope 1 and 2 reduction goal to 82 percent by 2030, while maintaining a 28 percent cut in Scope 3 emissions over the same period.
Announced April 22, the validation from SBTi covers both near- and long-term emissions reduction goals, building on earlier approval of Coty’s 2030 targets in 2022.
In parallel, the beauty group is targeting full reliance on renewable electricity across operations by 2030, a move that aligns with broader industry shifts toward decarbonization.
Armed with the new endorsement from SBTi, the beauty group joins a growing class of corporations adopting science-backed climate frameworks (see story).
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