The $500 Billion Beauty Industry's 'Green' Ambitions are a Patchwork at Best
The beauty industry, worth half a trillion dollars, is grappling with sustainability challenges that are driving consumers to make eco-friendly purchasing decisions. According to the Global Sustainability Study 2021 by strategy and consulting firm Simon Kucher, 60% of consumers worldwide rate sustainability as an important purchase criterion, while 35% are willing to pay more for sustainable products.
In response to this shift in consumer preferences, many beauty brands have set environmental goals, aiming to move away from single-use plastics, provide recyclable, reusable, and refillable packaging, and offer greater transparency around product ingredients. However, consumers still struggle to understand the sustainability credentials of many products due to inconsistent industry clean-up efforts.
One major issue is the lack of international standards for ingredient information sharing with customers. Brands can set their own rules and goals, leading to confusion and "greenwashing" where sustainability claims are made without substantiation. This can result in companies using marketing language like "clean beauty," which may not accurately reflect the product's actual environmental impact.
British Beauty Council CEO Millie Kendall notes that the term "clean beauty" has become a buzzword used to sell more products, but she believes customers need better marketing information and certification. The industry's efforts have fallen short of making a recognizable impact without collective goal-setting, global strategy, and standardized regulations.
The industry's plastic packaging is another major sustainability challenge, with 95% of packaging being thrown away and the vast majority not recyclable. Beauty giants like L'Oreal and Estee Lauder Companies are trying to phase out harmful plastics from their operations, but many brands still use single-use plastics or do not provide sufficient recycling information.
Governments and multinationals enforcing regulations and setting minimum requirements would go a long way in making sustainability claims more meaningful. However, market leadership is key, as Mia Davis, vice president of sustainability and impact at Credo Beauty, notes that regulation can raise the floor but cannot replace the driving force behind industry change: customer demand.
As consumers become increasingly eco-conscious, the beauty industry must adapt to meet their needs. This will require continued collective advocacy and initiative from brands and customers to drive meaningful climate-conscious change.
The beauty industry, worth half a trillion dollars, is grappling with sustainability challenges that are driving consumers to make eco-friendly purchasing decisions. According to the Global Sustainability Study 2021 by strategy and consulting firm Simon Kucher, 60% of consumers worldwide rate sustainability as an important purchase criterion, while 35% are willing to pay more for sustainable products.
In response to this shift in consumer preferences, many beauty brands have set environmental goals, aiming to move away from single-use plastics, provide recyclable, reusable, and refillable packaging, and offer greater transparency around product ingredients. However, consumers still struggle to understand the sustainability credentials of many products due to inconsistent industry clean-up efforts.
One major issue is the lack of international standards for ingredient information sharing with customers. Brands can set their own rules and goals, leading to confusion and "greenwashing" where sustainability claims are made without substantiation. This can result in companies using marketing language like "clean beauty," which may not accurately reflect the product's actual environmental impact.
British Beauty Council CEO Millie Kendall notes that the term "clean beauty" has become a buzzword used to sell more products, but she believes customers need better marketing information and certification. The industry's efforts have fallen short of making a recognizable impact without collective goal-setting, global strategy, and standardized regulations.
The industry's plastic packaging is another major sustainability challenge, with 95% of packaging being thrown away and the vast majority not recyclable. Beauty giants like L'Oreal and Estee Lauder Companies are trying to phase out harmful plastics from their operations, but many brands still use single-use plastics or do not provide sufficient recycling information.
Governments and multinationals enforcing regulations and setting minimum requirements would go a long way in making sustainability claims more meaningful. However, market leadership is key, as Mia Davis, vice president of sustainability and impact at Credo Beauty, notes that regulation can raise the floor but cannot replace the driving force behind industry change: customer demand.
As consumers become increasingly eco-conscious, the beauty industry must adapt to meet their needs. This will require continued collective advocacy and initiative from brands and customers to drive meaningful climate-conscious change.