Coty Inc
Carbon footprint
Primary Climate Goal
Coty Inc aims to reduce Scope 1 + 2 by 30% by 2030 from a base year 2017
This target is most likely outdated and the company appears to have already achieved it
GHG emissions and Carbon intensity
Coty Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 19 Kt (-46 /-70.6% y-o-y). Also positively, carbon intensity tumbled to 4.2 t (-9.7 /-69.8% y-o-y).
Coty Inc's Scope 3 emissions tumbled to 7.8 Kt (
The company is committed to reducing Scope 1 + 2 by 30% by 2030 from a base year 2017, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Coty Inc also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. COTY commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year*. COTY also commits to increase annual sourcing of renewable electricity from 5% in 2019 to 100% by 2030. COTY further commits to reduce absolute scope 3 GHG emissions 28% within the same timeframe. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks