The world's $500 billion beauty industry has set ambitious "green" goals, but many experts say they are falling short of making a recognizable impact in the absence of collective goal-setting, global strategy, and standardized regulations.
A recent report by Simon Kucher found that 60% of consumers worldwide rate sustainability as an important purchase criterion, with 35% willing to pay more for sustainable products or services. This shift in consumer preferences has prompted many beauty brands to set environmental goals, such as moving away from single-use plastics and providing recyclable packaging.
However, consumers still struggle to understand the sustainability credentials of many products due to inconsistent industry efforts and a lack of transparency around product ingredients. The British Beauty Council notes that companies often use marketing language like "clean beauty" to make their products seem natural or sustainable when they may not actually be.
To address this issue, some brands are trying to phase out harmful plastics from their operations and adopt post-consumer recycled (PCR) plastic. However, PCR plastic is expensive and difficult to source, with only 9% of global plastic waste being recycled globally, according to the Organisation for Economic Co-operation and Development.
The beauty industry also faces criticism for not doing enough to address the waste and pollution generated throughout supply chains, manufacturing, and shipping. Many experts argue that governments and multinationals need to enforce regulations and set a baseline for brands to operate from when making sustainability claims.
However, market leaders in the beauty industry are taking steps towards sustainability, such as Sephora's "Clean + Planet Positive" initiative and Target's "Target Zero" program. The effectiveness of these efforts will depend on continued collective advocacy and initiative to address the industry's climate shortcomings.
Ultimately, the key to meaningful change in the beauty industry lies with market leadership, which is likely to be the most impactful vector for addressing the industry's climate shortcomings in the absence of bold regulations or global standards on sustainability practices.
A recent report by Simon Kucher found that 60% of consumers worldwide rate sustainability as an important purchase criterion, with 35% willing to pay more for sustainable products or services. This shift in consumer preferences has prompted many beauty brands to set environmental goals, such as moving away from single-use plastics and providing recyclable packaging.
However, consumers still struggle to understand the sustainability credentials of many products due to inconsistent industry efforts and a lack of transparency around product ingredients. The British Beauty Council notes that companies often use marketing language like "clean beauty" to make their products seem natural or sustainable when they may not actually be.
To address this issue, some brands are trying to phase out harmful plastics from their operations and adopt post-consumer recycled (PCR) plastic. However, PCR plastic is expensive and difficult to source, with only 9% of global plastic waste being recycled globally, according to the Organisation for Economic Co-operation and Development.
The beauty industry also faces criticism for not doing enough to address the waste and pollution generated throughout supply chains, manufacturing, and shipping. Many experts argue that governments and multinationals need to enforce regulations and set a baseline for brands to operate from when making sustainability claims.
However, market leaders in the beauty industry are taking steps towards sustainability, such as Sephora's "Clean + Planet Positive" initiative and Target's "Target Zero" program. The effectiveness of these efforts will depend on continued collective advocacy and initiative to address the industry's climate shortcomings.
Ultimately, the key to meaningful change in the beauty industry lies with market leadership, which is likely to be the most impactful vector for addressing the industry's climate shortcomings in the absence of bold regulations or global standards on sustainability practices.