Coty (Beauty Packaging’s #11 Top Company) has announced improvements in its Environmental, Social, and Governance (ESG) ratings from MSCI and Sustainalytics.

Coty’s MSCI ESG Rating has been upgraded to A from BB. This achievement underscores Coty’s dedication to advancing sustainability across all aspects of its business.

Coty’s MSCI Carbon Footprint score remains at the maximum level, demonstrating the company’s ongoing commitment to minimizing its environmental impact.

The rating improvement reflects enhanced performance in Packaging Material & Waste, Raw Material Sourcing, Chemical Safety, and Corporate Governance.

Coty improved its Sustainalytics ESG Risk Rating, moving from 23.9 (medium risk) to 18.1 (low risk).

The company’s Sustainalytics improvement is attributed to advancements in seven key areas:

• Environmental & Social Impact of Products and Services
• Land Use and Biodiversity
• Water Use
• Human Capital
• Product Governance
• Data Privacy and Security
• Corporate Governance

This places Coty as a leader amongst global beauty companies and 3rd out of 104 in Household Products companies as rated by Sustainalytics.

These upgrades follow Coty’s strong progress in the 2024 CDP Climate Change disclosure, with the company scoring A-, an increase from B in 2023.

Coty’s FY24 Sustainability Report highlighted key achievements including surpassing 2030 Scope 1 and 2 emissions targets with an 82% reduction since 2019, cutting air freight emissions by 65%, and using 100% renewable electricity in its owned factories and distribution centers.

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