Estée Lauder Company has receive a A rating on CDP's list for climate change.
The company was scored alongside more than 5,800 companies who disclosed their environmental impact, joining the top 5% of high-performing companies on the A List.
The rating is in part of Estée achieving net zero carbon emissions and 100% renewable electricity globally for its direct operations in 2020. It is currently working to accelerate the transition to a low-carbon economy by reducing its carbon footprint and investing in green energy solutions.
Fabrizio Freda, president and chief executive officer, The Estée Lauder Companies, said, “Climate change is one of the most important issues facing our communities around the world. The Estée Lauder Companies is committed to partnering with our employees, consumers and business partners to accelerate the transition to a low-carbon economy by reducing our carbon footprint and investing in green energy solutions. Our continued focus on environmental disclosure and transparency, as well as our setting of new science-based targets, will deepen the impact of our efforts to combat climate change in this critical decade for the planet. As a global corporate citizen committed to climate action, The Estée Lauder Companies is incredibly honored to see its efforts recognized in CDP’s Climate A List.
Paul Simpson, CEO of CDP, said, “We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”