The $500 billion global beauty industry's efforts to go green are patchy at best, with many companies claiming to be more eco-friendly than they actually are.
A recent study by Simon Kucher found that 60% of consumers consider sustainability an important factor when making purchasing decisions, and 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 moving away from single-use plastics, providing recyclable packaging, and increasing transparency around product ingredients.
However, despite these efforts, consumers still struggle to understand the sustainability credentials of many products. The industry's clean-up efforts have been inconsistent, with many brands engaging in "greenwashing" – making unsubstantiated claims about their environmental practices. This is partly due to a lack of international standards for ingredient disclosure and transparency.
The term "clean beauty" has become increasingly problematic, as companies use it to sell more products without necessarily being environmentally friendly. According to the British Beauty Council, this term is often misused, leading consumers to make uninformed choices.
Many beauty brands are trying to phase out single-use plastics from their operations and adopt post-consumer recycled (PCR) plastic, but progress has been slow. The industry's plastic packaging remains a significant challenge, with 95% of it being thrown away and most not being recycled.
Governments and multinationals have the power to set minimum standards for sustainability practices, but so far, they have taken a largely passive role. This means that companies will continue to be driven by market leadership, with brands and customers advocating for change in the beauty marketplace.
As one expert noted, regulation can raise the floor, but it is not enough on its own. The industry needs a combination of government action, collective advocacy, and continued innovation to truly address its climate shortcomings.
The lack of standardization in the beauty ecosystem is also a major obstacle. While certifications like B Corp exist, they are voluntary, and many brands fail to meet the standards. This means that consumers often have no way of knowing what they can trust when it comes to environmental claims.
Ultimately, the $500 billion global beauty industry has a long way to go in terms of sustainability. As consumers become increasingly eco-conscious, companies will need to step up their game and lead by example if we are to make meaningful change.
A recent study by Simon Kucher found that 60% of consumers consider sustainability an important factor when making purchasing decisions, and 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 moving away from single-use plastics, providing recyclable packaging, and increasing transparency around product ingredients.
However, despite these efforts, consumers still struggle to understand the sustainability credentials of many products. The industry's clean-up efforts have been inconsistent, with many brands engaging in "greenwashing" – making unsubstantiated claims about their environmental practices. This is partly due to a lack of international standards for ingredient disclosure and transparency.
The term "clean beauty" has become increasingly problematic, as companies use it to sell more products without necessarily being environmentally friendly. According to the British Beauty Council, this term is often misused, leading consumers to make uninformed choices.
Many beauty brands are trying to phase out single-use plastics from their operations and adopt post-consumer recycled (PCR) plastic, but progress has been slow. The industry's plastic packaging remains a significant challenge, with 95% of it being thrown away and most not being recycled.
Governments and multinationals have the power to set minimum standards for sustainability practices, but so far, they have taken a largely passive role. This means that companies will continue to be driven by market leadership, with brands and customers advocating for change in the beauty marketplace.
As one expert noted, regulation can raise the floor, but it is not enough on its own. The industry needs a combination of government action, collective advocacy, and continued innovation to truly address its climate shortcomings.
The lack of standardization in the beauty ecosystem is also a major obstacle. While certifications like B Corp exist, they are voluntary, and many brands fail to meet the standards. This means that consumers often have no way of knowing what they can trust when it comes to environmental claims.
Ultimately, the $500 billion global beauty industry has a long way to go in terms of sustainability. As consumers become increasingly eco-conscious, companies will need to step up their game and lead by example if we are to make meaningful change.