Our commitments

In 2021 Puig launched its 2030 ESG Agenda, the new roadmap for the whole business integrating environmental, social and governance criteria working towards contributing to two global commitments:

  • CONTRIBUTE TO LIMITING THE RISE OF TEMPERATURE TO 1.5 °C BY 2030
  • BE NET ZERO BY 2050

The 2030 ESG Agenda is based on identifying the 5 material areas with the greatest impact on the planet, people and development:

Emissions

Materials, ingredients and waste

Biodiversity

Water

Fair sourcing

The implementation plan is structured around 6 pillars and applies to the entire business:

To achieve these goals, Puig integrates environmental, social and governance (ESG) criteria into its culture, business model, strategy and day-to-day activities.
The company is aligned and partners with relevant international standards to assess its performance and improve its impact.

  • sustainable development goals
  • un global compact
  • CDP

    CLIMATE (A-)
    WATER (B)
    FOREST (B-)

  • science based target
  • TCFD
  • certified corporation

    (APIVITA)

  • ecovadis

    SCORE OF 67/100
    GOLD MEDAL

  • sustainalytics rated

    SCORE OF 27,8 (ESG RISK RATING OF MEDIUM)

KEY FIGURES AND MAIN HIGHLIGHTS 2022

  • 17% average reduction in the volume of Christmas coffrets for Prestige fragrances compared to the previous year.
  • 88% of the alcohol used in products certified by SAI.
  • 100% alcohol of natural origin.
  • 50% renewable energy in all facilities (in the case of electricity this rises to 71%).
  • 99.8% of waste valorization in production plants.
  • 92.2% of recycling in production plants.
  • 23% of the fleet formed by hybrid or electric vehicles.
  • 15,645 tons of CO2 offset with a nature conservation project in Brazil.

THE PATH TO NET ZERO AND CONTROL OF THE PLANET'S TEMPERATURE

Reducing the company’s carbon footprint to net zero is key to its 2030 ESG Agenda. Therefore, each year measures are implemented to achieve this objective and maximize the company’s contribution to controlling the planet’s temperature.

In 2022, the project to extend the calculation of the carbon footprint to the entire perimeter of the business and value chain was defined and launched, accompanied by a tool to automate calculations and estimates which will be operational at the beginning of 2023.

This project is part of a more global commitment by Puig to automate processes to optimize the monitoring of objectives and to be more efficient in decision-making.
In 2022, the gross carbon footprint of Puig was 645,274.34 t CO2 e (+32% compared to the final figure for 2021).

The increase in the company’s carbon footprint was due to two main factors:

  • Increased activity (+28%).
  • Incorporation of the three new businesses: Byredo, Kama Ayurveda and Loto del Sur (+4%).



Puig participated in an emission offsetting program in Brazil, with a positive impact both on biodiversity and on social conditions. In 2022, a total of 15,645 t CO2 was offset, so the net carbon footprint was 629,629 t CO2 which means:

  • Neutrality in emissions of scopes 1 and 2.
  • Neutrality in emissions in production and facilities.

REDUCTION OF THE RATIO OF EMISSION BY NET INCOME

The ratio of emissions to net revenue decreased by 6%, which indicates that the reduction curve was consolidated in 2022, a reflection of the impact of the actions implemented.

*In 2022, 15,645 t CO2 were offset, so the net carbon footprint was 629,629 t CO2

PUIG CARBON FOOTPRINT BY SCOPE

POLICIES

To frame its actions Puig has defined in 2022 its Climate Policy which aims to define the path allowing the company to reach net zero emission in 2030. To complete this policy, Puig developed its Water, Forest and Waste policies in 2022.
In addition, the company revised its Sustainable Sourcing Policy, establishing its environmental, social and governance standards that suppliers have to comply when doing business with Puig.

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 2014 Puig launched the Invisible Beauty Makers program with the aim of turning it into a benchmark in social commitment. Each year the program searches for talented people who are willing and able to take action and transform situations in society that need a solution.

After aligning the program with the Puig corporate purpose and the company’s 2030 ESG Agenda, in 2022 a step forward was taken, incorporating co-creation and collaboration with brands as lines of action to- generate a greater impact. The objective was to combine talent and teamwork to develop alliances and activate scalable and sustainable solutions over time.

Invisible Beauty Makers generates an experience of great value both for the employees who participate – from those who vote in the selection of initiatives to those who work together as a team on the projects – and for the brands and social organizations that are supported.

The seventh edition of the Invisible Beauty Makers program selected projects linked to the three priority pillars as defined by Puig brands which will maximize their contribution to the Sustainable Developments Goals (SGDs):

  • Gender equality - SDG 5
  • Empowerment of women and girls - SDG 4-5
  • Development of sustainable production and consumption systems - SDG 12

Invisible Beauty through 51 makers teams has generated 10,740,524 direct and indirect beneficiaries in Europe, Latin America, the U.S., Africa, The Middle East and Asia.

Thanks to the Makers program, the projects have evolved to achieve more special impact, reflected in the growth of their turnover. 19% of Invisible Beauty Makers invoice more than €500 000.

(*) Data provided by the projects according to their scope of action: women at risk of social exclusion, hospitalized patients, students and families, service users (off and online), program participants (off and online), people given training (off and online), committed professionals, company employees and volunteers.

To learn more about:

KEY FIGURES AND MAIN HIGHLIGHTS 2022

  • 17% average reduction in the volume of Christmas coffrets for Prestige fragrances compared to the previous year.
  • 88% of the alcohol used in products certified by SAI.
  • 100% alcohol of natural origin.
  • 50% renewable energy in all facilities (in the case of electricity this rises to 71%).
  • 99.8% of waste valorization in production plants.
  • 92.2% of recycling in production plants.
  • 23% of the fleet formed by hybrid or electric vehicles.
  • 15,645 tons of CO2 offset with a nature conservation project in Brazil.

THE PATH TO NET ZERO AND CONTROL OF THE PLANET'S TEMPERATURE

Reducing the company’s carbon footprint to net zero is key to its 2030 ESG Agenda. Therefore, each year measures are implemented to achieve this objective and maximize the company’s contribution to controlling the planet’s temperature.

In 2022, the project to extend the calculation of the carbon footprint to the entire perimeter of the business and value chain was defined and launched, accompanied by a tool to automate calculations and estimates which will be operational at the beginning of 2023.

This project is part of a more global commitment by Puig to automate processes to optimize the monitoring of objectives and to be more efficient in decision-making.
In 2022, the gross carbon footprint of Puig was 645,274.34 t CO2 e (+32% compared to the final figure for 2021).

The increase in the company’s carbon footprint was due to two main factors:

  • Increased activity (+28%).
  • Incorporation of the three new businesses: Byredo, Kama Ayurveda and Loto del Sur (+4%).



Puig participated in an emission offsetting program in Brazil, with a positive impact both on biodiversity and on social conditions. In 2022, a total of 15,645 t CO2 was offset, so the net carbon footprint was 629,629 t CO2 which means:

  • Neutrality in emissions of scopes 1 and 2.
  • Neutrality in emissions in production and facilities.

REDUCTION OF THE RATIO OF EMISSION BY NET INCOME

The ratio of emissions to net revenue decreased by 6%, which indicates that the reduction curve was consolidated in 2022, a reflection of the impact of the actions implemented.

*In 2022, 15,645 t CO2 were offset, so the net carbon footprint was 629,629 t CO2

PUIG CARBON FOOTPRINT BY SCOPE

POLICIES

To frame its actions Puig has defined in 2022 its Climate Policy which aims to define the path allowing the company to reach net zero emission in 2030. To complete this policy, Puig developed its Water, Forest and Waste policies in 2022.
In addition, the company revised its Sustainable Sourcing Policy, establishing its environmental, social and governance standards that suppliers have to comply when doing business with Puig.

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 2014 Puig launched the Invisible Beauty Makers program with the aim of turning it into a benchmark in social commitment. Each year the program searches for talented people who are willing and able to take action and transform situations in society that need a solution.

After aligning the program with the Puig corporate purpose and the company’s 2030 ESG Agenda, in 2022 a step forward was taken, incorporating co-creation and collaboration with brands as lines of action to- generate a greater impact. The objective was to combine talent and teamwork to develop alliances and activate scalable and sustainable solutions over time.

Invisible Beauty Makers generates an experience of great value both for the employees who participate – from those who vote in the selection of initiatives to those who work together as a team on the projects – and for the brands and social organizations that are supported.

The seventh edition of the Invisible Beauty Makers program selected projects linked to the three priority pillars as defined by Puig brands which will maximize their contribution to the Sustainable Developments Goals (SGDs):

  • Gender equality - SDG 5
  • Empowerment of women and girls - SDG 4-5
  • Development of sustainable production and consumption systems - SDG 12

Invisible Beauty through 51 makers teams has generated 10,740,524 direct and indirect beneficiaries in Europe, Latin America, the U.S., Africa, The Middle East and Asia.

Thanks to the Makers program, the projects have evolved to achieve more special impact, reflected in the growth of their turnover. 19% of Invisible Beauty Makers invoice more than €500 000.

(*) Data provided by the projects according to their scope of action: women at risk of social exclusion, hospitalized patients, students and families, service users (off and online), program participants (off and online), people given training (off and online), committed professionals, company employees and volunteers.

To learn more about:

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:

  • The ESG committee, which reports to the Board of Directors. It is made up of the Chairman of the ESG Committee (also Vice Chairman of the Board of Directors and Chief Sustainability Officer of Puig) and four members (the Chairman of the Board of Directors and three independent members).
  • The position of CSO (Chief Sustainability Officer), which is independent from the Vice Chairman role.
  • The ESG Team, which includes the Vice Chairman and Chief Sustainability Officer, the Chief Operating Officer, the Operations Senior VP, the corporate sustainability and HR teams. This body is responsible for monitoring the strategy and the fulfillment of objectives on a monthly basis. The team is made up of full-time members, who are dedicated solely to their team assignment, and part-time members, who concurrently occupy senior positions in business units across the Puig organization.


Moreover, due to embedded governance model, ESG champions have been appointed to spearhead the implementation of the 2030 ESG Agenda throughout the company.

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