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Coty

OVERALL

Owned
LUX
Rating
Criticisms

Beauty products

Following the merger with Proctor & Gamble's Specialty Beauty Business in 2016, Coty is the third-largest beauty company in the world. German consumer goods giant Joh. A. Benckiser GmbH acquired Coty in 1996.

Company Ownership

Coty Inc   USA     website      facebook   twitter
  JAB Holding Company SARL   
   owns 60% of Coty Inc  
LUX     website   email      

Holding company

Owned by four siblings from one of Europe's wealthiest and most private families, the Reimanns. The company is run my three CEOs, who collectively own about 8% of JAB. Owns controlling stakes in beauty business Coty, coffee giant JDE Peet's, beverages giant Keurig Dr Pepper and Krispy Kreme Doughnuts, among others.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Coty Inc
Environment CDP Climate Change Score of B
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of B.
Source: CDP (2022)
Business Ethics 69.6/100 in Newsweek rankings
America's Most Responsible Companies 2022 by Newsweek and Statista recognises the Top 500 most responsible companies in the United States. Companies were evaluated in three areas: environmental (waste, energy use, etc.), social (leadership diversity, employees and philanthropy) and governance (transparency and economic performance). This company received a total score of 69.6/100, ranking 31st in the Consumer Goods sector, and 339th overall.
Source: Newsweek (2021)
Environment F grade for plastic pollution
As You Sow's 2021 Corporate Plastic Pollution Scorecard ranks companies on plastic packaging pollution. The study measures the progress of 50 large companies in the beverage, quick-service restaurant, consumer packaged goods, and retail sectors on six core pillars where swift action is needed to reduce plastic pollution: 1) Packaging Design, 2) Reusable Packaging, 3) Recycled Content, 4) Public Data Transparency, 5) Support for Recycling, and 6) Producer Responsibility. This company received a grade of F
Source: As You Sow (2021)
Environment 19% in Forest 500 Rankings
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 19%.
Source: Forest 500 (2022)
Animals Animal Testing
This company appears on PETA's (People for the Ethical Treatment of Animals, USA) 'Companies That Do Test On Animals' list, signifying that they manufacture products that are tested on animals at some stage of development.
Source: PETA (2022)
Business Ethics 19/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 19/100 in the Personal Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2021)
Business Ethics 36.2/125 at JUST Capital
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2023 rankings JUST Capital asked a representative sample of 3,002 Americans to compare 20 different business Issues on a head-to-head basis, producing a reliable hierarchy of Issues ranked in order of priority. Issues are organised under the headings Workers, Customers, Communities, the Environment, or Shareholders & Governance. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 851st of 951 companies, and 9th of 10 Personal Products companies.
Source: JUST Capital (2023)
Environment Unsustainable palm oil use
This company scores Ethical Consumer's worst rating for their use of palm oil, signifying they are using no or minimal certified palm products, and with no or minimal positive commitments.
Source: Ethical Consumer (2022)
Environment Palm oil rating - WAZA
The PalmOil Scan app, produced by the World Association of Zoos and Aquariums (WAZA), rates companies on their commitment to sourcing sustainable palm oil. Companies are scored on their use of certified sustainable palm oil (CSPO), commitment to sourcing CSPO, on-the-ground conservation action, and membership to the RSPO. Companies can earn a rating of Excellent, Good, Poor or No Commitment. This company is rated "Poor" (retrieved 18 Nov 2023).
Source: WAZA (2023)
Business Ethics Excessive CEO pay
As You Sow's 2021 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Pierre Laubies came in at number 22 on the list, having been paid US$16,211,992 in 2020. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Source: As You Sow (2021)
Environment Use of microplastics
This company uses plastic microbeads in some of its personal care products. These particles are not retained by wastewater treatment so end up in the ocean where they contribute to ocean plastic pollution, and are hazardous to sea life. While the effects of microplastics on human health are not completely understood, there are concerns about plastic additives, such as phthalates, which are known endocrine disruptors which are shown to have harmful effects on life.
Source: Beat the Microbead (2021)
Business Ethics CEO Pay Ratio of 92:1
In 2022 the median pay for a worker at this company was US$38,853. The CEO was paid 92 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO (2023)
Environment Microbeads scorecard
In 2016 Greenpeace East Asia ranked the world's 30 biggest personal care companies on their commitment to eliminating microbeads from their personal care products. The scorecard was based on four main criteria: commitment & transparency, definition, deadline and global application. This company ranked joint second. Microbeads are not retained by wastewater treatment and end up in the ocean where they are a threat to the marine environment.
Source: Greenpeace (2016)
Environment Climate action commitments
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: commit to 100% renewable power.
Source: We Mean Business (2021)
Business Ethics Responsible Beauty Initiative member
This company is a member of the Responsible Beauty Initiative, an industry initiative focused on sustainable procurement. It was founded in 2017 to improve sustainability throughout the entire beauty supply chain, through sharing best practices and processes, driving a common understanding across the industry, and to use and share common tools, creating efficiencies.
Source: Ecovadis (2023)
Business Ethics Responsible Mica Initiative member
This company is a member of the Responsible Mica Initiative, a Do-Tank which aims to eradicate child labour and unacceptable working conditions in the Indian mica supply chain by joining forces across industries.
Source: Responsible Mica Initiative (2023)
Social Modern Slavery statement
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website (2016)
Business Ethics OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020)
JAB Holding Company SARL
Business Ethics 1/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 1/100 in the Diversified Financial Services and Capital Markets category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2021)
Animals Tier 5 in farm animal welfare rankings
The 2021 Business Benchmark on Farm Animal Welfare (BBFAW) report ranks global food companies on how they are managing and reporting their farm animal welfare policies and practices. This company appeared in tier 5, "On the business agenda but limited evidence of implementation", with tier 1 being the best, and tier 6 the worst.
Source: BBFAW (2021)
Environment Climate action commitments
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
Source: We Mean Business (2021)
Information About the company
This article about Coty's failed 2012 bid to buy Avon discusses the history of Joh A Benckiser and its owners, the Reimann family, one of Europe's wealthiest and most private families.
Source: news article (2012)

> About the Icons

Company Details

Type Public company
Founded 1904
Revenue 5.3 billion USD (2022)
Employees 20,000 (2018)
Subsidiaries Coty Australia Pty Ltd 

Personal care, especially fragrances


Wella International Operations Switzerland Sarl (22% owned) 

Hair care products manufacturer

In 2020 Coty sold 60% its professional beauty and retail hair businesses, including Wella and Clairol brands, to investment firm KKR in a deal valued at $4.3 billion. Coty sold further 9% and 5% stakes to KKR in 2021.

Contact Details

Address New York, New York, USA
Website www.coty.com

Products / Brands

Coty Australia
Adidas Deodorant
adidas Fragrances
adidas Mens Grooming
Airbrush Legs Tanning Lotions
Baby Phat Fragrances
Balenciaga Fragrances
Beyonce Fragrances
Bourjois Cosmetics
Burberry Fragrances
Calvin Klein Fragrances
Celine Dion Fragrances
Cerruti Fragrances
Chloe Fragrances
Chopard Fragrances
Covergirl Cosmetics
David Beckham Mens Grooming
David Beckham Fragrances
Davidoff Fragrances
Gucci Fragrances
Gwen Stefani Fragrances
Halle Berry Fragrances
Hugo Boss Fragrances
Jennifer Lopez Fragrances
Jil Sander Fragrances
Joop! Fragrances
Jovan Fragrances
Kate Moss Fragrances
Kenneth Cole Fragrances
Kylie Minogue Fragrances
Lacoste Fragrances
Lagerfeld Fragrances
Lancaster Fragrances
Marc Jacobs Fragrances
Max Factor Cosmetics
Nautica Fragrances
Nikos Fragrances
NYC - New York Colour Cosmetics
Phat Farm Fragrances
Playboy Deodorant
Playboy Mens Grooming
Rimmel Cosmetics
Sally Hansen Cosmetics
Sally Hansen Tanning Lotions
Sally Hansen Nail Care
Sarah Jessica Parker Fragrances
Vera Wang Fragrances
Vidal Sassoon Shampoo
Vivienne Westwood Fragrances

Wella Company (22% owned)
Briogeo Shampoo
Clairol Hair Colour
OPI Nails Nail Care
weDo Shampoo
Wella Shampoo
Wella Hair Styling


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