COTY
new , innovative ways to increase its sustainable focus across its operations . To this effect , it has signed the Global Compact United Nations ( UNGC ) initiative to support the 10 principles surrounding human rights , labour , the environment , and anticorruption across its entire workforce . It has also implemented a number of in-house sustainable programs to tackle its global , social and environmental challenges head on .
Additionally , similarly to building beneficial relationships with its suppliers and stakeholders surrounding its procurement and supply chain operations , Coty ’ s Responsible Beauty Initiative ( RBI ) was launched in collaboration with Clarins , Groupe Rocher and L ’ Oreal .
Operated by EcoVadis as a common foundation for supplier assessment and interaction , the RBI will further Coty ’ s overall performance throughout the beauty supply chain and details deep insights into Coty ’ s sustainability efforts within its procurement operations . Gupta notes that it will therefore bring together the global beauty industry , deliver long-term positive change and maximise Coty ’ s shared value .
“ It will amplify members ’ efforts to boost sustainability in their supply chains , while ensuring the suppliers of the industry have sound ethical , social , and environmental business practices in place ,” he adds . “ We recently became a member of the Roundtable for
“ Technology and automation are supporting us in bringing an even deeper market insight from a category sourcing excellence point of view , especially in the management of supplier contracts and agreements ”
Arya Gupta Procurement Director of Global Chemicals & Innovation , Coty
170 January 2018