The award aims to recognise how carbon management and sustainability sit within a company’s decision making and strategy setting, according to Croda.
Terry Thistlethwaite, Vice President Sustainability at Croda said: “Sustainability is fundamental to our business strategy and we very proud to have our efforts acknowledged in this way.
“Our carbon reduction journey sees us continuing to invest in sustainable and innovative product design, which includes a focus on our manufacturing operations, and working with our supply chain to develop ingredients that deliver more benefit, with less environmental impact.”
Sustainability spotlight
With sustainability having very much become the latest buzzword for the industry, what it means and how companies can achieve it in practical terms is crucial.
Andrew Jenkins, Sustainability Transformation & Innovation Manager, at Boots UK, recently spoke to Cosmetics Design on the importance of sustainable practices and products for beauty and personal care players.
“Every single product will have different environmental and ethical impacts at different stages of the supply chain – from concept and design through to sourcing materials, customer use and final disposal, and our customers trust us to make sure the products they buy are sourced responsibly and ethically,” Jenkins explains.
“Operating sustainably in the marketplace starts with understanding where our products come from, holding our suppliers accountable for sourcing ethically and promoting human rights, and consistently engaging with external stakeholders to understand the most material issues facing our markets and industry.”
The major retailer has identified three key areas that guides its approach to marketplace sustainability:
- Transparency: To create a global process that enables transparency of ingredients and their traceability for the exclusive consumer retail product brands that we sell
- Ethical Sourcing: To continue to drive ethical sourcing practices, protecting human rights across our supply chain
- External Stakeholders: To work collaboratively with a global network of key external organizations engaging in issues that carry the greatest social relevance to the markets and in the communities we serve
L’Oréal is another major player leading the charge with industry sustainability. The company recently cofounded a new sustainability initiative around packaging with consulting firm Quantis.
The SPICE initiative (Sustainable Packaging Initiative for CosmEtics) includes the following current members:
Avon Products, Clarins Group, Coty, L’Occitane en Provence, L’Oréal, LVMH, Shiseido, Sisley, as well as Cosmetic Valley (French “competitiveness cluster” for perfumes and cosmetics) and FEBEA (French Federation of Beauty Companies).
6 top sustainability concerns
Meanwhile, our article on the six top sustainability concerns that beauty players need to be aware of remains one of our most popular with readers.
Find the full version here for insights on where the major pitfalls for beauty players lie, and how you can avoid them.