Estée Lauder strengthens climate action management, as net GHG emissions creep up
Sustainability shake-up comes as the company saw absolute GHG emissions rise 10% from its 2018 baseline
Estée Lauder has reshuffled its climate governance and compensation mechanisms to support action towards its 2030 targets, after appointing Nancy Mahon as its first Chief Sustainability Officer at the start of 2023.
The cosmetics company, which this week reported a 10% drop in net sales and lowered its annual target based on macroeconomic headwinds and geopolitical tension, is doubling down on its SBTi-approved interim climate targets.
