Coty expands global parental leave policy

Coty, the owner of Rimmel and Sally Hansen, has expanded its global gender-neutral parental leave policy as part of its 2023 Sustainability Report.

It comes as the group continues to set new benchmarks, exceeding targets across its three pillars: product, planet, and people.

As part of its people pillar, Coty has expanded its parental leave policy to set a global minimum of 14 fully paid weeks for all employees, regardless of gender.

This standard will be phased in, with all countries offering the new global minimum by the end of the group's FY24.

The policy, which was first established in 2022, offers all employees access to the same number of fully paid weeks of parental leave when starting or extending a family through pregnancy, adoption or surrogacy.

It aims to strengthen the company's commitment to creating a more diverse, equitable and inclusive culture, whilst championing both gender equality in pay and workplace advancement worldwide.

Sue Nabi, CEO at Coty, said: "Aligned with our broader sustainability goals across product, planet, and people, our expanded gender-neutral parental leave policy underscores our holistic approach to sustainability for long-term success. It is a point of pride for all of us at Coty."

Additional highlights from Coty’s FY23 Sustainability Report include:

• Coty exceeds its SBTi1-approved Scope 1 and 2 emissions reduction targets, achieving an 82% reduction, overachieving the 50% target.
• Coty surpasses its energy reduction target, achieving a 23% energy reduction compared with its target of 20%.
• Coty factories and distribution centres achieve goals of zero waste to landfill and an 80% recycling rate ahead of 2030 schedule.
• Looking beyond 2030, Coty has committed to the SBTi to set long-term emissions reduction targets in line with science-based net-zero2.
• Coty introduces global sustainability training for all associates and restructures its corporate Sustainability Office with new leadership.