Cosmetics Companies Step Up Focus on Sustainability
While the big-ticket items—Tesla EVs, LED bulbs, solar power panels—may get the most mainstream press coverage, less sexy but even more transformative subjects such as recyclable packaging and healthier food ingredients are making progress in ways that touch many more people in everyday life. Cosmetics are another sector where, almost unnoticed, significant advances are being made. Major players such as L’Oreal, Croda, IFF, and Unilever have moved sustainability to the top of their agendas. Global Cosmetics News reports that “many brands are implementing a stronger sustainability focus.” And there’s a new trend for cross-industry relationships for maximum impact: for example, the DSM, AkzoNobel, Google and Phillips’ consumer-to-business energy partnership. Once again, purpose-driven strategies are upending traditional business models.
John Howell, Editorial Director
ReportAlert: Provident Financial Group publishes 2015 Corporate Responsibility Report