Potential offtaker

Estee Lauder

www.elcompanies.com/en

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Which other companies from United States of America are actively involved in decarbonization initiatives?
  • MilliporeSigma
  • Crowley Maritime Corporation
  • Kimco Realty Corporation
  • National Raisin Co
  • University of California
  • Frito-Lay Inc
  • Estee Lauder is a renowned American company that operates in the cosmetics sector. The company was founded in 1946 by Estee Lauder and her husband Joseph Lauder. Today, Estee Lauder is a global leader in the beauty industry, with a portfolio of more than 25 brands, including MAC, Clinique, Bobbi Brown, La Mer, and Estee Lauder itself.

    As a global company, Estee Lauder recognizes its responsibility to contribute to the decarbonization of the planet. The company has set ambitious goals to reduce its carbon footprint and has made significant progress towards achieving them. One of the key strategies that Estee Lauder has adopted to reduce its carbon emissions is the use of renewable energy.

    Estee Lauder has implemented several renewable energy projects across its global operations. The company has invested in solar panels, wind turbines, and other renewable energy sources to power its facilities. For instance, in 2018, Estee Lauder signed a virtual power purchase agreement (VPPA) with a wind farm in Oklahoma, which will provide the company with 22 megawatts of renewable energy annually. This VPPA will enable Estee Lauder to reduce its carbon emissions by approximately 1 million metric tons over the next decade.

    In addition to its renewable energy projects, Estee Lauder has also implemented several energy efficiency measures to reduce its energy consumption. The company has invested in energy-efficient lighting, heating, and cooling systems, as well as in building automation systems that optimize energy use.

    Estee Lauder has also implemented a corporate power purchase agreement (PPA) to support the development of renewable energy projects. The company has signed a PPA with a wind farm in Texas, which will provide the company with 22 megawatts of renewable energy annually. This PPA will enable Estee Lauder to reduce its carbon emissions by approximately 1 million metric tons over the next decade.

    Estee Lauder has also implemented a corporate energy strategy to reduce its energy consumption and carbon emissions. The company has set ambitious goals to reduce its energy consumption by 25% by 2025 and to reduce its carbon emissions by 50% by 2030. To achieve these goals, Estee Lauder has implemented several energy efficiency measures and has invested in renewable energy projects.

    Estee Lauder has also implemented a decarbonization strategy to reduce its carbon emissions across its entire value chain. The company has set a goal to reduce its Scope 3 emissions by 50% by 2030. To achieve this goal, Estee Lauder is working with its suppliers and partners to reduce their carbon emissions and to promote sustainable practices.

    In addition to its decarbonization efforts, Estee Lauder is also committed to promoting sustainability and social responsibility in its operations. The company has implemented several sustainability initiatives, including a zero-waste program, which aims to reduce waste across its supply chain. Estee Lauder has also implemented a responsible sourcing program, which ensures that the company's ingredients are sourced sustainably and ethically.

    Estee Lauder's commitment to sustainability and decarbonization has earned the company several accolades and recognition. In 2020, Estee Lauder was named to the Dow Jones Sustainability Index for the 11th consecutive year. The company was also recognized by the CDP (formerly the Carbon Disclosure Project) for its leadership in climate change disclosure and action.

    In conclusion, Estee Lauder is a global leader in the cosmetics sector that is committed to promoting sustainability and decarbonization. The company has implemented several renewable energy projects, energy efficiency measures, and decarbonization strategies to reduce its carbon footprint and to promote sustainable practices across its value chain. Estee Lauder's commitment to sustainability has earned the company several accolades and recognition, and it serves as a model for other companies in the cosmetics sector and beyond.

    ✓ Current offtaker under Corporate PPA's
    ✓ Re100 member
    ✓ Science Based Targets member
    Shaping a Greener Future: Decarbonization in Manufacture of perfumes and toilet preparations

    Which companies in the industry of Manufacture of perfumes and toilet preparations have made significant pledges or efforts to address global warming?
  • Natura & Co Holding S.A.
  • Geka GmbH
  • Shiseido Company Limited
  • LUSH Handmade Cosmetics
  • L'Oréal