$30 trln in additional investments required to achieve net zero in 8 hard-to-abate sectors
The Net Zero Industry Tracker 2024 estimates that $30 trillion in additional capital will be required across ...
27 companies embrace Cosmetics Europe’s initiative “Commit for Our Planet”
Twenty-seven companies have made commitments to Cosmetics Europe’s initiative “Commit for Our Planet” which aims to reduce the sector’s environmental footprint in Europe.
The initiative encourages all cosmetics and personal care companies to take part in a joint industry effort to reduce greenhouse gas emissions, improve packaging solutions and act for nature.
“While many cosmetics and personal care companies are already making significant environmental progress on their own, Commit for Our Planet aims to further raise the bar for sustainability across the sector by collectively stepping up and amplifying efforts as an industry through joint action.We developed the initiative to be inclusive of the whole industry, with commitments that can be tailored to all company sizes and types, regardless of Cosmetics Europe membership or where they stand in their sustainability journeys. This is to ensure that there is an opportunity for everyone to help meet societal and planetary needs,” said John Chave, Director General at Cosmetics Europe.
The initiative comprises specific commitments within the three themes of climate, packaging and nature that will help drive progress across the full value chain. These areas are central to cosmetics companies’ operations and their related impacts, ensuring the industry can make the most progress towards optimizing sustainable production and consumption of goods. Moving forward, Cosmetics Europe will continually revise and reinforce its sustainability commitments to reflect changing societal demands and planetary needs, as well as to align with EU standards.
Through the initiative, Cosmetics Europe will provide top-notch tools and guidelines to support companies in delivering on their sustainability commitments. On an annual basis, the association plans to report on the overall action against the commitments to demonstrate industry progress and positive environmental impact.
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