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ELC will increase its PCR in packaging to 25% by 2025—and more, read on.
November 2, 2021
By: Marie Redding
Senior Editor
The Estée Lauder Companies (ELC) has released its 2021 Sustainability Report. Fabrizio Freda, president and chief executive officer, states on ELC’s site: “At The Estée Lauder Companies, our success is deeply rooted in our core values and the positive impact we have on our employees, our communities and the planet. Beauty Inspired, Values Driven is our promise to accelerate progress in these areas of strategic importance in order to continue delivering long-term, sustainable growth.” In fiscal 2021, ELC made significant progress against its goals and commitments in key areas, including packaging. About the new report, Freda says, “Despite the pandemic, we remained steadfast in prioritizing the health and wellbeing of our employees, consumers, and communities around the world, while delivering on our long-term commitments.” He adds, “Doubling down on our social impact and sustainability strategy is an important part of our goal to continue delivering long-term value and remain the global leader of prestige beauty.” Nancy Mahon, senior vice president, Global Corporate Citizenship and Sustainability, The Estée Lauder Companies, says, “In fiscal 2021, we worked hard to continue developing long-term solutions to help protect our planet, drive inclusion and equity, and put people at the heart of everything we do—all while meeting our business objectives.” Mahon adds, “While we’ve made great progress, we know there is more collective action needed to help address ongoing and new challenges in the next decade.” This year is ELC’s 75th anniversary. William P. Lauder, executive chairman, comments, “As The Estée Lauder Companies marks its 75th anniversary, it is important to recognize that the company’s success has long been rooted not only in its business strategy, but in a deep understanding of its core values.” Lauder continues, “These values, including respect for the individual, uncompromising ethics and integrity, generosity of spirit, and fearless persistence are what will accelerate our commitments into the next 75-years and beyond.” Take a look at the following highlights from the report.
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