gci

Current cover

Estée Lauder Releases its Corporate Responsibility Report

Contact Author
Close
Fill out my online form.

The Estée Lauder Companies Inc. released its Fiscal 2019 Corporate Responsibility Report, which applies to the Global Reporting Initiative Standards and generally aligns to the Sustainability Accounting Standards Board disclosure recommendations.

Highlights

—Energy and emissions:

  • On track to achieve the goal of net zero carbon emissions through things like the installation of a 1.4 MW ground-mounted solar array (expected to offset 1,300 metric tons of CO2)
  • To source 100% renewable energy by the end of 2020, per its RE100 membership
  • Continuous roll-out of projects for climate change mitigation stages, like solar power and wind energy

—Responsible sourcing:

  • Reviewed and prioritized more than 4,000 ingredients considered sensitive
  • Began implementing biodiversity and social action plans
  • Began utilizing EcoVadis’ rating tool to monitor existing supplier performance
  • Became the first esteemed beauty company to fund the HERproject

—Social impact:

  • The M·A·C Viva Glam Fund fiscal 2018 grants positively affected more than 12 million people
  • Raised more than $10.3 million through The Breast Cancer Campaign
  • The Estée Lauder Charitable Foundation continued to support the Student Leadership Network’s “The Young Women’s Leadership School” of New York, with the model’s expansion to California

—Inclusion and diversity:

  • The Human Rights Campaign identified the company as a “Best Place to Work for LGBTQ Equality,” with a 100% on the campaign’s corporate equality index
  • Forbes named the company “#1 Employer for Women 2019,” and recognized it within the “Best Employers for Diversity 2019”
  • 2019 Bloomberg Gender-Equality Index named the company for the second consecutive year
  • Hired a recruiter to to attend career fairs at historically black universities

—Employee engagement:

  • To provide basic sustainability and social impact training by the end of 2020
  • On track to meet its 2025 goal of engaging 50% of eligible employees in volunteer programs

“As we continue to deliver on our promise to create the world’s most beloved products and experiences, we believe that embedding citizenship and sustainability across our business reflects the value we place on long-term, sustainable growth,” said Fabrizio Freda, president and CEO of The Estée Lauder Companies Inc.

“This year we have accelerated programs and initiatives at corporate and brand levels and have gained recognition for those efforts,” said Nancy Mahon, senior vice president, global corporate citizenship and sustainability of The Estée Lauder Companies Inc. “As a family-founded company with a deep commitment to values and giving back, we are proud to continue our work to create a business that has social impact, inclusivity and sustainability at its core. It’s been an outstanding year.”

Related Content