Industry stalwarts Clarins, Coty, Groupe Rocher and L’Oréal have teamed up with EcoVadis, leader in sustainability ratings, to launch the Responsible Beauty Initiative (RBI).

The initiative is hoped to create a collaborative effort within the industry to ‘strengthen sustainable practices, improve environmental footprint and social impacts and maximize shared value across its collective supply chain.’

As founding members, Clarins, Coty, Groupe Rocher and L’Oréal will officially launch the initiative, and will work to encourage other companies and suppilers to join.

The objectives of the initiative, which aims to boost sustainability efforts in the supply chain through sound ethical practices, will be to drive a common understanding of sustainability performance across industry, share best practices and processes, and leverage common tools in order to create ‘efficiencies and benefits for suppliers.’

Pierre-Francois Thaler, Co-CEO of EcoVadis, said, “EcoVadis is impressed by the leadership and dedication to collaborate by these four companies. As EcoVadis’ fourth sector initiative, Responsible Beauty Initiative (RBI) will benefit from learnings of those who preceded them, including Together for Sustainability, E-Tasc and Railsponsible. RBI members are well-positioned to leverage their collaboration to create value and competitive advantage by advancing sustainability performance in its shared global supply chains.”

Built on EcoVadis CSR platform, those within the RBI will benefit from ratings and benchmarks of supplier’s CSR performances, a supplier CSR assessment through a scorecard system, and a sharing of scorecard results to multiple shareholders.