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 48 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 data highlights the company's significant carbon footprint across all scopes of emissions. Coty has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using 2019 as the base year. Additionally, the company plans 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. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Overall, Coty's climate strategy reflects a proactive approach to sustainability, addressing both direct and indirect emissions while committing to renewable energy sourcing.
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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 participating in some of the initiatives that 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.
