The $500 Billion Beauty Industry's Ambitions for Sustainability Are a Patchwork at Best, Falling Short.
As consumers increasingly prioritize sustainability when making purchasing decisions, the global beauty industry has responded with ambitious goals to reduce its environmental impact. However, despite significant efforts, many brands are struggling to meet their targets and provide customers with clear information about the sustainability of their products.
According to the British Beauty Council, 60% of consumers consider sustainability an important factor in their purchasing decisions, while 35% are willing to pay more for sustainable products or services. This shift in consumer preferences has driven many beauty brands to set environmental goals, such as moving away from single-use and virgin plastics, providing recyclable, reusable, and refillable packaging, and offering more transparency around product ingredients.
However, consumers still struggle to understand the sustainability credentials of many products due to the industry's inconsistent clean-up efforts. The lack of international standards for ingredient information sharing has also led to confusion and "greenwashing," where companies tout their sustainable practices without substantiating them.
The term "clean beauty" has become a marketing buzzword, but experts argue that it is often used to sell more products rather than genuinely promote sustainability. According to British Beauty Council CEO Millie Kendall, customers need better marketing information and certification, not just greenwashing.
The industry's plastic packaging is another significant sustainability challenge, with 95% of packaging thrown away and the vast majority not recycled. Many brands are trying to phase out harmful plastics from their operations and adopt post-consumer recycled (PCR) plastic, but there is a shortage of PCR plastic due to high demand and low recycling rates.
Retailers also play a crucial role in addressing sustainability issues, but many vary when it comes to setting standards for brands they sell. The lack of standardization makes it difficult for consumers to trust the sustainability claims made by brands.
Certifications like B Corp, which scores companies on ethics and sustainability criteria, may help fill some gaps in standardization, but it is currently voluntary for brands to apply. Governments and multinationals enforcing regulations and setting a baseline for brands' sustainability claims could also make a significant impact.
In the absence of bold regulations or global standards, market leadership will likely be the most impactful vector for addressing the industry's climate shortcomings. This means that companies must continue to advocate for change through their own practices and products, as well as engage with customers who are increasingly demanding more sustainable options.
As consumers increasingly prioritize sustainability when making purchasing decisions, the global beauty industry has responded with ambitious goals to reduce its environmental impact. However, despite significant efforts, many brands are struggling to meet their targets and provide customers with clear information about the sustainability of their products.
According to the British Beauty Council, 60% of consumers consider sustainability an important factor in their purchasing decisions, while 35% are willing to pay more for sustainable products or services. This shift in consumer preferences has driven many beauty brands to set environmental goals, such as moving away from single-use and virgin plastics, providing recyclable, reusable, and refillable packaging, and offering more transparency around product ingredients.
However, consumers still struggle to understand the sustainability credentials of many products due to the industry's inconsistent clean-up efforts. The lack of international standards for ingredient information sharing has also led to confusion and "greenwashing," where companies tout their sustainable practices without substantiating them.
The term "clean beauty" has become a marketing buzzword, but experts argue that it is often used to sell more products rather than genuinely promote sustainability. According to British Beauty Council CEO Millie Kendall, customers need better marketing information and certification, not just greenwashing.
The industry's plastic packaging is another significant sustainability challenge, with 95% of packaging thrown away and the vast majority not recycled. Many brands are trying to phase out harmful plastics from their operations and adopt post-consumer recycled (PCR) plastic, but there is a shortage of PCR plastic due to high demand and low recycling rates.
Retailers also play a crucial role in addressing sustainability issues, but many vary when it comes to setting standards for brands they sell. The lack of standardization makes it difficult for consumers to trust the sustainability claims made by brands.
Certifications like B Corp, which scores companies on ethics and sustainability criteria, may help fill some gaps in standardization, but it is currently voluntary for brands to apply. Governments and multinationals enforcing regulations and setting a baseline for brands' sustainability claims could also make a significant impact.
In the absence of bold regulations or global standards, market leadership will likely be the most impactful vector for addressing the industry's climate shortcomings. This means that companies must continue to advocate for change through their own practices and products, as well as engage with customers who are increasingly demanding more sustainable options.