Coty has released its 2023 Sustainability Report, where it announced it will expand its gender-neutral parental leave policy, setting a global minimum of 14 fully paid weeks for all employees, regardless of gender.
This standard will be phased in, with all countries offering the new global minimum by the end of Coty’s fiscal year 2024. Guided by local regulations, Coty’s parental leave policy champions gender equality in pay and workplace advancement worldwide.
Highlights from the Sustainability Report include:
- Coty surpasses its energy reduction target, achieving a 23% energy reduction compared with its target of 20%.
- Coty factories and distribution centers also achieve their goals of zero waste to landfill and an 80% recycling rate ahead of 2030 schedule.
- Coty drives sustainable actions across its portfolio by integrating innovative biotechnology into product formulas, launching new products crafted with 100% carbon-captured alcohol, and expanding its list of cruelty-free brands with philosophy and Monange achieving Leaping Bunny approval by Cruelty Free International.
Coty CEO Sue Nabi shares, "Aligned with our broader sustainability goals across product, planet and people, our expanded gender-neutral parental leave policy underscores our holistic approach to sustainability for long-term success. It is a point of pride for all of us at Coty."