Coty
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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 | ||||
JAB Holding Company SARL ![]() owns 60% of Coty Inc |
LUX | website | ||||
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, luxury shoemaker Jimmy Choo, coffee giant Jacobs Douwe Egberts, beverages giant Keurig Dr Pepper and Krispy Kreme Doughnuts, among others. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Coty Inc | ||||
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) |
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soy, beef, leather, timber and paper). This company received a score of 17%.
Source: Forest 500 (2019)
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 (2020)
This company received a score of 12.3/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
This company received an S&P Global ESG Score of 12/100 in the Personal Products category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. 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 (2019)
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 (2019)
In 2019 the median pay for a worker at this company was US$43,242. The CEO was paid 387 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 (2020)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2021 rankings the public identified 19 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. 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 606th of 928 companies, and 7th of 10 Personal Products companies.
Source: JUST Capital (2020) |
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 (2017)
This company is a member of the Circular Economy 100 (CE100) Network, a multi-stakeholder platform run by the Ellen MacArthur Foundation. The CE100 is the world's leading circular economy network, and facilitates market making by providing collaborative and pre-competitive opportunities which bring together business, innovators, cities and governments, universities, and thought leaders.
Source: Ellen MacArthur Foundation (2019)
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 (2020)
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: Modern Slavery Registry (2016)
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 (2016) |
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JAB Holding Company SARL | ||||
The 2019 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 (2019) |
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) |
Company Details
Type | Public company |
Revenue | US$9 billion in 2016 |
Employees | 12,000 in 2012 |
Subsidiaries | Coty Australia Pty Ltd ![]() Personal care, especially fragrances Wella Company (40% 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. |
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 Guess? 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 (40% owned)
Clairol Hair Colour OPI Nails Nail Care weDo Shampoo Wella Shampoo Wella Hair Styling |