The report applies the internationally recognized Global Reporting Initiative (GRI) Standards at the “Core in Accordance” level as well as generally aligning to the Sustainability Accounting Standards Board (SASB) disclosure recommendations.
Doing Good for More than Just the Company
In 2019, Estée Lauder made significant progress in achieving environmental sustainability goals, responsible sourcing, a positive social impact, inclusion and diversity goals and better employee engagement.
According to the company, this year’s CR Report demonstrates how the company’s progress toward its goals has a positive impact on society and on the planet. Nancy Mahon, senior vice president, Global Corporate Citizenship and Sustainability of The Estée Lauder Companies Inc. stated, “This year we have accelerated programs and initiatives at corporate and brand levels and have gained recognition for those efforts. As a family-founded company with a deep commitment to values and giving back, we are proud to continue our work to create a business that has social impact, inclusivity and sustainability at its core. It’s been an outstanding year.”
Read the report here.