We recently reported that Sephora became the first major specialty beauty retailer to release a public-facing chemicals policy. As a complement to their policy, Sephora also promotes their Clean at Sephora labeling program, an avenue for showcasing brands with an embedded safer ingredient philosophy. Sephora recently updated this program: going forward, a product bearing Sephora’s Clean label must avoid a list of more than fifty ingredients (in some cases, ingredients are allowed in restricted concentrations).
With Clean at Sephora, the retailer extends its strategy to capture the growing “naturals” market segment, especially among millennial shoppers. While Clean at Sephora may receive most of the media attention, Sephora’s chemicals policy is an essential addition to the retailer’s sustainability efforts. The Clean program recognizes products pursuing leadership, but the new chemicals policy will impact all of the products sold in Sephora’s stores.
How does the policy stack up against EDF’s 5 Pillars of Leadership for Safer Products?
Business leaders can no longer afford to look the other way on climate change. The recent National Climate Assessment revealed that regional economies and industries dependent on natural resources are increasingly vulnerable to the impacts of climate change – as are energy systems. Warmer climates will increasingly disrupt international trade, prices, and supply chains, and costs could reach hundreds of billion dollars per year by the end of the century. Climate change doesn’t just threaten ecological balance, it threatens corporate balance sheets.
In light of these findings I’m encouraged by a recent survey of corporate leaders, 82 percent of whom said companies need to advocate for or take a stand on environmental, social and governance issues and that “climate and environment” was one of the three highest priorities for their organizations.
Knowing that a company should take action, however, is a long way from actually taking action on climate. While there are a growing number of cases where leading companies and major investors are ahead of the federal government on climate action, it’s simply not enough, and many more U.S. businesses need to step up.
The role that CEOs and companies play in global governance is changing. Leaders and laggards, winners and losers, will all be defined by how they respond to climate change. The leaders will surface based on their ability to take these four critical steps. Read more