Estée Lauder Companies Recognized in CDP’s 2021 Climate A List

Beauty giant Estée Lauder Companies (ELC) was recognized by global environmental non-profit CDP as a leader on corporate climate action. The company again achieved the highest score of A for its climate change disclosure. ELC was scored alongside nearly 12,000 companies that disclosed their environmental impact, joining the top 200 high-performing companies on the A List.
ELC is proud to have achieved a place on the prestigious CDP Climate A List for the second consecutive year. The company’s consistently strong performance reflects its deep commitment to climate action and to the highest level of transparency around its environmental impact.
 
ELC maintained its high score in the CDP Climate disclosure by continuing its strong track record of taking decisive action to address climate change. After achieving Net Zero emissions and 100% renewable electricity across its direct operations in 2020, the company set ambitious science-based targets to further reduce emissions across the supply chain.
 
“At ELC, our climate action efforts are one part of our broader ESG strategy to deliver meaningful impact across the value chain and contribute to a stable climate,” said Fabrizio Freda, president and CEO, The Estée Lauder Companies. “Looking ahead, we will continue to leverage the strengths of our business to address the challenges facing the communities where we live and work – from environmental issues, to racial and gender inequity, to public health. We are honored to once again be recognized in CDP’s Climate A List and are thankful to our dedicated teams who continue to drive our global sustainability and social impact efforts every day.”
 
In addition to maintaining and expanding climate efforts in 2021, ELC also took targeted actions to address water stewardship and deforestation, as reflected in its CDP Water and Forests disclosure scores. 
 
ELC was awarded an A- score for its water disclosure due to expanded water stewardship initiatives across the business in 2021. These efforts included strengthening water accounting methodologies, improving water-related risk responses, developing an internal water stewardship statement to guide best practices, as well as completion of Watershed Source Vulnerability Assessments to mitigate regional water risks.
 
ELC also earned A- score for its CDP Forests Palm Oil response and B for its Timber response. With palm oil a key focus area for both ELC and its stakeholders, the company increased the level of traceability for this ingredient, strengthened its forests-related risk responses, and released a Palm Oil Action Plan to address palm-based ingredients (palm oil and its derivatives).