The Estée Lauder Companies Inc. released its Fiscal 2019 Corporate Responsibility Report. The report underscores the company’s progress and commitment to strengthening efforts across core citizenship and sustainability focus areas.
As far as energy and emissions are concerned, the report says the group is on track to meet its goals of achieving Net Zero carbon emissions and sourcing 100% renewable energy (RE100) by the end of 2020. Recent investments in support of the Net Zero goal include installing a 1.4 MW ground-mounted solar array at the company’s Melville campus in New York. This site is designed to produce more than 1,800 MWh of solar power annually from more than 3,300 panels and is expected to offset the release of 1,300 metric tons of CO into the atmosphere annually.
Most recently, the group has signed a virtual power purchase agreement (VPPA) for the Ponderosa wind farm in Beaver County, Oklahoma, adding renewable energy to the electricity grid. This agreement makes The Estée Lauder Companies Inc. the first prestige beauty company to execute a VPPA and bolsters its renewable electricity footprint in the U.S. and Canada.
Concerning Responsible Sourcing, in line with its 2025 goal to address issues that may exist within complex supply chains, the company reviewed and prioritized more than 4,000 ingredients considered sensitive from a responsible sourcing perspective and began developing and implementing biodiversity and social action plans. In fiscal 2019, the company implemented a new process to monitor existing supplier performance via the EcoVadis tool.
“This year we have accelerated programs and initiatives at corporate and brand levels and have gained recognition for those efforts. As a family-founded company with a deep commitment to values and giving back, we are proud to continue our work to create a business that has social impact, inclusivity and sustainability at its core. It’s been an outstanding year,” underscored Nancy Mahon, Senior Vice President, Global Corporate Citizenship and Sustainability of The Estée Lauder Companies Inc.
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