Coty strives to deliver outstanding and innovative products to our consumers. As our size and consequently the impact of our activities in a globalized world is increasing, it is our role to proactively engage and influence all along our value chain towards sustainable beauty. Aware of the impacts of our operations and the products we sell, we will do this in collaboration with all our stakeholders.
Our consumers require creative beauty products of the highest quality. Coty experts in brand development, R&D, regulatory and consumer affairs, and packaging design combine innovation and cause-sumption to win consumers' heart.
At Coty, we source raw materials, finished products and business services. To fuel innovation and increase the resilience of our supply chain, we collaborate with our business partners to improve sustainability performance and source more responsibly.
With respect to sourcing responsibly, our Code of Conduct for Business Partners is explicit. We do not tolerate human trafficking, slavery or the use of forced or child labor. We enforce this engagement through on-going supplier assessment programs and management awareness.
Coty is committed to full compliance with environmental statutes and regulations applicable to our products and production sites. We strive to implement smart production processes to provide a healthy and safe working environment for all our employees, while reducing our resources consumption and limiting our environmental impact.
Our responsibility does not end after our products leave our facilities. We strive to improve the environmental footprint of our products from production to point of sale and on to the consumer experience at home. We also collaborate with business partners to develop responsible marketing towards our final consumers.
The beauty industry is traditionally a linear economic model; but, in a finite world, we believe in the logic of the circular economy and we know that consumers will expect more from us. We are just at the beginning of understanding how can we can innovate in this area. Moving forward, we will develop a focused and ambitious Corporate responsibility strategy which would include a set of targets for the basic house-in-order material issues linked to our size, sector of activity and stakeholders’ expectations.