COTY made a public commitment in early 2015 by signing the Global Compact United Nations (UNGC) - the world’s largest corporate citizenship initiative - to support the ten principles on human rights, labor, environment, and anti-corruption. With this, comes the expressed intent of making the Global Compact and its principles part of the culture, and operations of the company. Driven by passion, creative freedom, and entrepreneurial spirit, Coty has built a unique portfolio of beauty brands. We are focused on delivering desirable & high quality products to our consumers.
Sourcing is a key element in the deployment of a successful corporate responsibility policy. By engaging our suppliers in continuous improvement process, we are committed to fostering an ethical environment and preserving resources for a healthy and fairer world.
EVALUATING OUR SUPPLY CHAIN CSR PERFORMANCE THROUGH A THIRD PARTY ASSESSMENT
We launched the EcoVadis program, a third-party certification, in January 2015 after a 6-months pilot phase to evaluate and monitor the sustainability performance of our supply chain partners. Our partner EcoVadis operates the first digital collaborative platform allowing companies to conduct documentary audits assessing the environmental and social performance of their partners, guiding them to pursue continuous improvement programs. Ecovadis scores the ability of our partners to address and progress on labor practices & human rights, environmental stewardship, ethics & fair business practices and sustainable procurement policies based on international guidelines of Global compact, ISO26000 and Global reporting Initiative.
Progressively all our suppliers Environmental, Labor and Fair Business Practices, and sustainable procurement policies will be evaluated. We require any new partner to participate proactively in this program. The Ecovadis scores are shared with our buyers and taken into consideration for RFPs. Depending on the score, we will ask a reassessment within 6 months for the lowest scores or 3 years for the suppliers in the excellence zone.
For further info on how to start your Ecovadis assessment
Any question please ask your buyer or send a mail to Dave_Howson@cotyinc.com
Code of Conduct For Business Partners
Our Code of Conduct for Business Partners is an opportunity to agree upon best standards indispensable for our business. The commitment to our Code of Conduct for Business Partners ensures that our partners comply with Coty’s standards (including on human and labor rights, environmental protection, and the fight against corruption).
The signature of our Code of Conduct for Business Partners is mandatory to start working with Coty.