At Puig, we are committed to being one of the most respected groups in our industry on issues related to the environment, society and good governance. For this reason, in 2021 we launched our new 2030 ESG Agenda. This is our roadmap for the coming years and includes challenging and ambitious goals in all three dimensions.
We want to continue acting in the most responsible way possible and contribute to building a better world; that will be our legacy. A commitment that we actively promote.
Chairman and CEO
The current challenges we have to face as a company, as a society and as a planet, are becoming increasingly demanding, which is why there is now a sense of urgency, a need to act more quickly and resolutely. We have to be rigorous and scientific and define indicators and metrics to measure our performance. Only then will we know if we are helping to tackle these challenges. The 2030 ESG Agenda redesigns our roadmap for the coming years and takes another step towards achieving challenging, ambitious goals, and aligning our strategy with the most relevant international standards.
Vice Chairman and Chief Sustainability Officer
At Puig we honor the values and principles put in place by three generations of family leadership.
Based on this experience, we have developed the new 2030 ESG Agenda which covers the company’s entire value chain, footprint and brand portfolio, irrespective of any inorganic growth.
Our agenda is focused on 2 key commitments :
Today we continue to build on our generational legacy, through conscious commitments in our ESG Agenda aligned with the most important international standards.
GRADE OF A-
SCORE OF 67/100
SCORE OF 27,8 (ESG RISK RATING OF MEDIUM)
The 2030 ESG Agenda is based on identifying the 5 material areas with the greatest impact on the planet, people and development:
Materials, ingredients and waste
It is strucured into 6 pillars and 16 programs:
The 2014-2020 Sustainability Program represented a cultural transformation within Puig. It allowed us to achieve important milestones and learn significant lessons. The scope of this program was confined to the fragrance business unit in Spain and France in the period from 2014 to 2020.
Over the course of our first Sustainability Program 2014-2020 we reduced our carbon footprint by 55%1 thanks to measures such as maximizing the use of local and renewable energy, eco-designing products, using more sustainable transport and compensating and neutralizing emissions. To date, these measures have produced the following achievements:
1. Total reduction of the carbon footprint in greenhouse gas emissions (t CO2 eq)/net revenues (millions of €).
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At Puig, as a family company that aspires to leave behind a better world for future generations, we aim to build brands that generate a positive impact on the environment and society. Not only is it important that we improve our environmental performance, but it is also key that we support the diversity of our consumers and communities.
In 2021, all of us together were able to maximize the company’s capacity to have a positive impact, not only in terms of financial contributions but also in terms of the scope of our actions.
In 2014 the Puig Foundation launched Invisible Beauty with the aim of becoming a benchmark in social commitment, in line with the Puig corporate purpose and, more recently, with the social commitments of our 2030 ESG Agenda.
For seven years, Invisible Beauty has supported the Makers program, an initiative aimed at fostering the entrepreneurial excellence of people who are already implementing social projects focused on gender equality (SDG 5), empowering women and girls (SDGs 4 and 5), reducing inequalities within and between countries (SDG 10), and developing sustainable and responsible production and consumption systems (SDG 12). Makers is a mentoring and funding program for initiatives with a high social impact.
Puig employees who participate in this program transfer their know-how in different areas to the leaders of these projects,
providing them with the key skills required for success. Meanwhile, we offer the most dedicated Puig employees an opportunity to channel their commitment and contribute to Puig’s corporate purpose.
With the seventh edition of Invisible Beauty, we hope to maximize our contribution to the 2030 ESG Agenda. New to this edition is the creation of a space where social entrepreneurship, Puig and our brands can cooperate and co-create to maximize their social impact.
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Aware of the magnitude of the challenges that the company and society face, we have created three governance mechanisms to ensure the success of the 2030 ESG Agenda:
Moreover, due to embedded governance model, ESG champions have been appointed to spearhead the implementation of the 2030 ESG Agenda throughout the company.