Coty Announces ESG Rating Upgrades from MSCI and Sustainalytics
MSCI ESG Rating has been upgraded to A from BB
Sustainalytics ESG rating now at low risk and 3rd among Household Product companies
Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, is proud to announce improvements in its Environmental, Social, and Governance (ESG) ratings from both MSCI and Sustainalytics.
This achievement underscores Coty's dedication to advancing sustainability across all aspects of its business.
Coty's MSCI ESG Rating has been upgraded to A from BB. This improvement reflects enhanced performance across several key ESG areas, including:
- Packaging Material & Waste
- Raw Material Sourcing
- Chemical Safety
- Corporate Governance
Coty's MSCI Carbon Footprint score remains at the maximum level, demonstrating the Company's ongoing commitment to minimizing its environmental impact.
Coty improved its Sustainalytics ESG Risk Rating, moving from 23.9 (medium risk) to 18.1 (low risk). This progress places Coty as the lead amongst global beauty companies and 3rd out of 104 in Household Products companies as rated by Sustainalytics.
The Company's Sustainalytics improvement is attributed to advancements in seven key areas:
- Environmental & Social Impact of Products and Services
- Land Use and Biodiversity
- Water Use
- Human Capital
- Product Governance
- Data Privacy and Security
- Corporate Governance
The upgrades follow Coty's strong progress in the 2024 CDP Climate Change disclosure, with the company scoring A-, an increase from B in 2023. Coty's FY24 Sustainability Report highlighted key achievements including surpassing 2030 Scope 1 and 2 emissions targets with an 82% reduction since 2019, cutting air freight emissions by 65%, and using 100% renewable electricity in its owned factories and distribution centers.
About Coty Inc.
Founded in Paris in 1904, Coty is one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling prestige and mass market products in over 120 countries and territories. Coty and our brands empower people to express themselves freely, creating their own visions of beauty; and we are committed to protecting the planet. Learn more at coty.com or on LinkedIn and Instagram.
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