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 63 is higher than 97% 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 2023, Coty reported total greenhouse gas emissions of approximately 8825000 kg CO2e for Scope 1, 1597000 kg CO2e for Scope 2 (market-based), and a significant 801548000 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Notably, Coty has set ambitious targets to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 50% from a 2019 baseline by the year 2030, a target that has been approved by the Science Based Targets initiative (SBTi). Additionally, the company aims to increase its annual sourcing of renewable electricity from 5% in 2019 to 100% by 2030. Coty's commitment extends to reducing its absolute Scope 3 emissions by 28% within the same timeframe. The company has also pledged to validate its Net Zero target for 2050 with the SBTi, demonstrating a long-term commitment to sustainability and climate action. These initiatives position Coty as a proactive player in the consumer durables sector, addressing climate change through measurable and science-based strategies.
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| 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 40,410,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 59,120,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 54,070,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
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.
