Coty
Coty Inc., a leading global beauty company headquartered in the United States, has established itself as a prominent player in the cosmetics, skincare, and fragrance industries since its founding in 1904. With a strong presence in North America, Europe, and Asia, Coty operates across various segments, including luxury, professional, and consumer beauty products. Renowned for its diverse portfolio, Coty offers unique brands such as CoverGirl, Clairol, and Calvin Klein Fragrances, catering to a wide range of consumer preferences. The company has achieved significant milestones, including strategic acquisitions that have bolstered its market position. Coty’s commitment to innovation and sustainability further distinguishes its offerings, making it a trusted name in the beauty sector.
DitchCarbon Score
How does Coty's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Apparel Production industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Coty's score of 41 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Coty's reported carbon emissions
In 2020, Coty Inc. reported total greenhouse gas emissions of approximately 30,990,000 kg CO2e for Scope 1, 34,480,000 kg CO2e for Scope 2 (market-based), and 35,210,000 kg CO2e for Scope 3. This reflects a commitment to reducing its carbon footprint significantly. Coty has set ambitious targets to cut absolute Scope 1 and 2 emissions by 50% by 2030, using 2019 as the base year. Additionally, the company aims to increase its annual sourcing of renewable electricity from 5% in 2019 to 100% by 2030. For Scope 3 emissions, Coty is targeting a reduction of 28% within the same timeframe. Coty's emissions data shows a trend of decreasing emissions over the years, with Scope 1 emissions dropping from about 40,410,000 kg CO2e in 2017 to 30,990,000 kg CO2e in 2020. The company is committed to aligning its targets with the Science Based Targets initiative (SBTi), ensuring that its strategies contribute to limiting global warming to 1.5°C. These initiatives position Coty as a proactive player in the consumer durables sector, focusing on sustainability and climate responsibility.
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| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Scope 1 | 40,410,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 59,120,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 54,070,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Coty is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
