Coty

Coty's most recent disclosed emissions data for 2024 shows total Scope 1 emissions of 8,825,000 kg CO2e, market-based Scope 2 emissions of 1,597,000 kg CO2e, and Scope 3 emissions of 801,548,000 kg CO2e. Key contributors to Scope 3 emissions include purchased goods and services (605,197,000 kg CO2e), upstream transportation and distribution (63,406,000 kg CO2e), and downstream transportation and distribution (44,468,000 kg CO2e).

The company has set ambitious climate commitments, with Science Based Targets initiative (SBTi)-approved goals. Coty commits to reduce absolute Scope 1 and 2 GHG emissions by 82.0% by FY2030 from a FY2019 base year. They also aim to reduce absolute Scope 3 GHG emissions from specific categories (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) by 28.0% by FY2030, also from a FY2019 base year. Coty additionally pledges to increase annual sourcing of renewable electricity to 100% by FY2025 and maintain this through FY2030.

For the long term, Coty has committed to achieving net-zero greenhouse gas emissions across its entire value chain by FY2050, with specific targets to reduce absolute Scope 1, 2, and 3 GHG emissions by 90.0% by FY2050 from a FY2019 base year. The company's 2024 Sustainability Report indicates significant progress, having surpassed its 2030 Scope 1 and 2 emissions targets, achieving an 82% reduction since 2019. Furthermore, 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.