Coty

OVERALL
Owned	LUX
Rating

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
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, luxury shoemaker Jimmy Choo, coffee giant Jacobs Douwe Egberts, beverages giant Keurig Dr Pepper and Krispy Kreme Doughnuts, among others.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Coty Inc
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 2016][More on Oceans]	17% in Forest 500 Rankings 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 2019][More on Forests] 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 2020][More on Animal Testing] 12.3% in Newsweek Green Ranking 2017 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 2017][More on Sustainability Reporting] 12/100 S&P Global ESG Score 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 2019][More on Sustainability Reporting] 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 2019][More on Palm Oil]	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 2017][More on Multi-Stakeholder Initiatives] Circular Economy 100 member 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 2019][More on Multi-Stakeholder Initiatives] 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 2017][More on Multi-Stakeholder Initiatives] 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 2016][More on Human Rights] 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 2016]
JAB Holding Company SARL
	Tier 5 in farm animal welfare rankings 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 2019][More on Animal Rights]	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 2012]

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Procter & Gamble selling beauty brands to Coty
8th Oct 2015 — Procter & Gamble is selling much of its struggling beauty business, including the Clairol and Covergirl brands, to Coty as part of its latest streamlining effort.

Procter & Gamble is selling a big chunk of its struggling beauty business to Coty for $12.5 billion in a complex transaction that will allow the world`s largest consumer products maker to focus more on its best-selling brands like Tide and Gillette, while dramatically expanding Coty`s portfolio in non-fragrance products.

The sale is the single-largest divestiture ever by P&G, which last year said it would sell off about 100 brands to focus on 70 to 80 brands, products that were responsible for about 90% of the company`s recent sales and 95% of its profit. In November, P&G announced it was selling its Duracell battery brand to Warren Buffett`s Berkshire Hathaway, a few months after it sold its Iams pet foods to Mars. There have also been other smaller transactions.

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