THE WHAT? The Estee Lauder Companies has named its first Chief Sustainability Officer. Nancy Mahon, former SVP, Global Corporate Citizenship and Sustainability has stepped into the new role.
THE DETAILS Mahon will report to Fabrizio Freda, President and CEO and William P Lauder, Executive Chairman. She is charged with the strategic integration and implementation of Lauder’s sustainability initiatives as well as ESG reporting across the organization.
THE WHY? Lauder said that the change reflected the ongoing evolution of its ambitions and capabilities. As Freda reveals, “Sustainability has long been central to how The Estée Lauder Companies and its brands have operated, and is a key part of our corporate strategy. We are committed to continuously evolving to drive our sustainability initiatives forward and helping to innovate and connect at both local and global levels, ultimately positioning us well to succeed in a changing global economy. Appointing Nancy to Chief Sustainability Officer is an example of our company’s ambition and focus on these initiatives.”