Go green: The Estee Lauder Companies announces 2020-2025 ESG goals

Go green: The Estee Lauder Companies announces 2020-2025 ESG goals

The Estee Lauder Companies has announced additional Environmental, Social and Governance (ESG) goals in a bid to advance its legacy of responsible corporate citizenship.

The goals comprise actions on responsible sourcing of ingredients, including a target of 90 percent of palm-based ingredients to be certified sustainable; building upon its net-zero carbon emissions commitment to reduce emissions; and pledging that 75 to 100 percent of packaging will be recyclable, refillable, reusable, recycled or recoverable by 2025.

The US prestige giant will also work on ingredient transparency, employee safety and social investments.

“Consumers and employees are increasingly drawn to purpose-driven brands and companies,” said President and CEO, Fabrizio Freda, “We have a long history of giving back and improving the places where we live and work. We are proud of our many achievements in this area. We are taking our mission to a higher level and accelerating our ESG efforts by announcing new goals, which will be integrated into our strategy and our business operations.”

Nancy Mahon, Senior Vice President, Global Corporate Citizenship and Sustainability, added, “Our brands such as Aveda, M∙A∙C and Origins have historically been leaders in sustainability and citizenship and have a strong record of delivering meaningful impact to our consumers, employees and the communities in which we source and make our products.  Our Company-wide ESG goals are part of our mission to create a more sustainable and beautiful world and underscore our deep commitment to innovate and embed sustainable principles and social purpose across every aspect of our business—for the long term.”