The global beauty industry's environmental ambitions are far from green, with many companies struggling to make a tangible impact on sustainability.
A recent study by strategy firm Simon Kucher found that 60% of consumers consider sustainability an important factor when making purchasing decisions, while 35% are willing to pay more for sustainable products. This shift in consumer preferences has prompted many beauty brands to set environmental goals, such as reducing single-use plastics and using recyclable packaging.
However, consumers still struggle to understand the sustainability credentials of many products due to inconsistent industry-wide efforts and a lack of standardized regulations. The British Beauty Council notes that even natural ingredients can be problematic if not sourced or formulated properly.
The beauty industry's plastic packaging is another significant challenge, with 95% of its waste thrown away and only 9% recycled globally. While some brands are making progress in reducing their use of single-use plastics and adopting post-consumer recycled (PCR) plastic, the industry still has a long way to go to address this issue.
Governments and multinationals have a crucial role to play in setting regulations and standards for sustainability practices, but so far, many experts believe that market leadership will be key in driving change. Companies like Credo Beauty are taking a proactive approach by advocating for better sustainability policies and supporting regulatory initiatives.
Meanwhile, certifications such as B Corp provide some guidance on sustainable business practices, but their voluntary nature means that not all companies take advantage of them. The industry's reliance on marketing buzzwords, such as "clean beauty," also perpetuates confusion among consumers.
Ultimately, meaningful change will require continued collective advocacy and initiative from both brands and customers in the beauty market. As Susanne Kaufmann, founder of her eponymous beauty brand, notes, even small actions can make a significant difference when combined with industry-wide efforts to address sustainability challenges.
A recent study by strategy firm Simon Kucher found that 60% of consumers consider sustainability an important factor when making purchasing decisions, while 35% are willing to pay more for sustainable products. This shift in consumer preferences has prompted many beauty brands to set environmental goals, such as reducing single-use plastics and using recyclable packaging.
However, consumers still struggle to understand the sustainability credentials of many products due to inconsistent industry-wide efforts and a lack of standardized regulations. The British Beauty Council notes that even natural ingredients can be problematic if not sourced or formulated properly.
The beauty industry's plastic packaging is another significant challenge, with 95% of its waste thrown away and only 9% recycled globally. While some brands are making progress in reducing their use of single-use plastics and adopting post-consumer recycled (PCR) plastic, the industry still has a long way to go to address this issue.
Governments and multinationals have a crucial role to play in setting regulations and standards for sustainability practices, but so far, many experts believe that market leadership will be key in driving change. Companies like Credo Beauty are taking a proactive approach by advocating for better sustainability policies and supporting regulatory initiatives.
Meanwhile, certifications such as B Corp provide some guidance on sustainable business practices, but their voluntary nature means that not all companies take advantage of them. The industry's reliance on marketing buzzwords, such as "clean beauty," also perpetuates confusion among consumers.
Ultimately, meaningful change will require continued collective advocacy and initiative from both brands and customers in the beauty market. As Susanne Kaufmann, founder of her eponymous beauty brand, notes, even small actions can make a significant difference when combined with industry-wide efforts to address sustainability challenges.