The Letter To Shareholders – N° 80 – Winter 2021

Towards an environmental impact assessment and scoring system for products

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TOWARDS A VOLUNTARY ENVIRONMENTAL IMPACT ASSESSMENT AND SCORING SYSTEM FOR COSMETIC PRODUCTS

Henkel, L’Oréal, LVMH, Natura &Co, and Unilever announced in September a new global collaboration to co-develop an industry-wide environmental impact assessment and scoring system for cosmetics products. The aim is to co-design an approach that is brand-agnostic, and which provides consumers with clear, transparent and comparable environmental impact information, based on a common science-based methodology. They are inviting other cosmetics companies to join them in this pursuit.