Beauty firms partner to support supply chain sustainability

L’Oréal, Coty, Clarins, and Groupe Rocher have partnered with sustainability ratings platform EcoVadis to launch the Responsible Beauty Initiative (RBI) to strengthen sustainability across the beauty industry supply chain.

Built on a corporate social responsibility (CSR) rating platform, RBI will be operated by EcoVadis to facilitate supplier assessment and interaction.

The initiative aims to accelerate ethical, social, and environmental performance of the supply chain, as well as boost sustainable practices.

RBI members intend to drive a common understanding of sustainability performance, share best practices, and utilise common tools to generate supplier efficiencies and benefits.

EcoVadis co-CEO Pierre-Francois Thaler said: “EcoVadis is impressed by the leadership and dedication to collaborate by these four companies.

“RBI members are well-positioned to leverage their collaboration to create value and competitive advantage by advancing sustainability performance in its shared global supply chains.”

In addition to supplier engagement, the benefits of the RBI initiative include easy-to-use ratings and benchmarks of the supplier CSR performance and practices.

An in-depth CSR assessment will be provided according to each supplier’s sector, size, and location, using feedback and collaborative tools to drive improvements.

To ensure no duplicated efforts for suppliers, the initiative will involve accurate sharing of scorecard results to several stakeholders.