The non-profit CDP tracks corporate behavior as it pertains to climate change and environmental impact. Previously known as the Carbon Disclosure Project, the group “runs the global disclosure system that enables companies, cities, states and regions to measure and manage their environmental impacts,” as the CDP site explains.
This week, the group released its 2016 report and the beauty industry did alright.
Many companies that are doing well, according to CDP, have been making good progress for years. IFF is among the 193 companies that made this year’s A list. And, it’s not a first for the fragrance and flavor maker .
Responding to news of this year’s A list ranking, Andreas Fibig, chairman and CEO of IFF, tells the press, “as stewards of tomorrow, we embrace our responsibility to lead positive transformational changes toward a regenerative, healthy and abundant world.”
“This honor confirms the positive and effective approaches we are taking to move toward a low carbon economy and create a better future for our children,” adds Fibig.
In the material category, IFF is in good company. Other cosmetic and personal care industry suppliers like Symrise, AkzoNobel, and Mondi made the 2016 CDP Climate A List.
In the consumer staples category L’Oréal, Nestlé, Unilever, and Colgate Palmolive made the A list. Profiling L’Oréal in the full report titled, Out of the Starting Blocks: Tracking Progress on Corporate Climate Action, the CDP highlighted that company’s Sharing Beauty with All program.
Cosmetics Design has reported on company projects coming out of the initiative, such as Lights by L'Oreal, which updates lighting along New York City’s Hudson River Park . That project is anticipated to reduce CO2 emissions by 350,000 pounds annually.
Farther south, L’Oréal is at work to convert its Kentucky manufacturing facility’s power supply to solar. “As the largest beauty company in the world, it is incumbent on us to have a far-sighted and comprehensive approach to sustainability, one that will ultimately transform the way beauty and personal care products are designed and manufactured worldwide,” Jonathan Maher, the company’s vice president of CSR and sustainability has told Cosmetics Design as a way of contextualizing Sharing Beauty with All.
And L'Oreal indeed looks to be on course as an industry leader. Last year the company “made a new commitment to become a ‘carbon-balanced’ company by 2020,” as Jean-Paul Agon, chairman and CEO of L’Oréal Group, notes in the CDP profile.