Puig Sustainability Profile
Puig, officially known as Puig S.L., is a prominent Spanish company headquartered in Barcelona, Spain. Established in 1914, Puig has evolved into a leading player in the global fragrance and cosmetics industry, with significant operations across Europe, Asia, and the Americas. The company is renowned for its diverse portfolio, which includes luxury fragrances, skincare, and fashion brands, such as Paco Rabanne, Carolina Herrera, and Jean Paul Gaultier. With a commitment to creativity and innovation, Puig has achieved notable milestones, including strategic acquisitions that have strengthened its market position. The company is celebrated for its unique approach to blending tradition with modernity, offering products that resonate with consumers worldwide. As a key influencer in the beauty sector, Puig continues to set trends and redefine luxury, solidifying its reputation as a powerhouse in the industry.
DitchCarbon Score
How does Puig'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 Retail Trade Services 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
Puig's score of 84 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Puig's reported carbon emissions
In 2024, Puig reported total carbon emissions of approximately 565,710,000 kg CO2e, a decrease from about 661,907,000 kg CO2e in 2023. The emissions breakdown for 2024 includes 3,347,000 kg CO2e from Scope 1, 1,082,000 kg CO2e from Scope 2, and a significant 561,281,000 kg CO2e from Scope 3 emissions. This indicates a notable shift in their emissions profile, particularly in Scope 3, which constitutes the majority of their carbon footprint. Puig has set ambitious climate commitments, aiming for a 50% reduction in absolute Scope 1 and 2 GHG emissions by 2030, compared to 2019 levels. Additionally, they target a 30% reduction in absolute Scope 3 GHG emissions over the same timeframe. Furthermore, Puig has committed to achieving net zero emissions across all scopes by 2050. The company has demonstrated progress in its climate initiatives, achieving a 34% reduction in its corporate carbon footprint by 2020, largely attributed to ongoing environmental initiatives and the impact of the Covid-19 pandemic on operational activity levels. Data for Puig's emissions is cascaded from its parent company, Puig Brands, S.A., and reflects a comprehensive approach to sustainability within the organisation.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,390,750 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 31,084,570 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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Puig's Scope 3 Categories Breakdown
Puig's Scope 3 emissions, which decreased by 14% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 75% of Scope 3 emissions.
Top Scope 3 Categories
Puig's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Puig has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
