Coty

Coty's reported carbon emissions

Coty, a global beauty company headquartered in the US and operating in the wearing apparel and furs industry, has reported its carbon emissions and set ambitious climate commitments. For the fiscal year 2024, Coty's total greenhouse gas (GHG) emissions, encompassing Scope 1, 2, and 3, amounted to approximately 828.4 million kg CO2e. Key emissions data for Coty includes: * **FY2024:** Total emissions were approximately 828,379,800 kg CO2e. Scope 1 emissions were around 8.8 million kg CO2e, and Scope 2 emissions (market-based) were approximately 1.6 million kg CO2e. Scope 3 emissions were the most significant, totalling about 801.5 million kg CO2e, with purchased goods and services accounting for the largest portion (approximately 605.2 million kg CO2e). * **FY2023:** Total emissions were approximately 26.4 million kg CO2e, comprising Scope 1 emissions of around 8.0 million kg CO2e and Scope 2 emissions (market-based) of approximately 2.3 million kg CO2e. Scope 3 emissions were reported at about 16.4 million kg CO2e. * **FY2022:** Total emissions were approximately 27.3 million kg CO2e, with Scope 1 emissions around 13.9 million kg CO2e and Scope 2 emissions (market-based) of about 3.1 million kg CO2e. Scope 3 emissions were approximately 13.4 million kg CO2e. * **FY2020:** Total emissions were approximately 100.7 million kg CO2e, with Scope 1 emissions around 31.0 million kg CO2e and Scope 2 emissions (market-based) of about 34.5 million kg CO2e. Scope 3 emissions were about 35.2 million kg CO2e. * **FY2019:** Total emissions were approximately 1.1 billion kg CO2e, with Scope 1 emissions around 20.9 million kg CO2e and Scope 2 emissions (market-based) of approximately 36.9 million kg CO2e. Scope 3 emissions were the largest component, totalling about 1.04 billion kg CO2e, driven by purchased goods and services (approximately 760.1 million kg CO2e). Coty has established several significant climate commitments: * The company is committed to validating its Net Zero 2050 Target with the Science Based Targets initiative (SBTi). * Coty has an SBTi-approved near-term target to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, using the calendar year 2019 as a base year. * Furthermore, Coty commits to reducing absolute Scope 3 GHG emissions by 28% within the same timeframe (by 2030 from a 2019 base year), covering categories such as purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, and end-of-life treatment of sold products. * Coty also aims to increase its annual sourcing of renewable electricity from 5% in 2019 to 100% by 2025 and maintain this through 2030. * Recent reports indicate that Coty has surpassed its 2030 Scope 1 and 2 emissions targets, achieving an 82% reduction since 2019. All Coty-owned factories and distribution centres are now powered by 100% renewable electricity, with eight key sites achieving carbon neutrality for Scope 1 and 2 emissions. * In line with its net-zero ambition, Coty Inc. commits to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2050 from a FY2019 base year.