Sustainable Beauty ( Cont’d from Page 1)
TSC has led the technical work and will now take on coordination, development, and implementation of the assessment tool.This will allow TSC to ensure alignment with their existing product sustainability assessment, measurement, and reporting tools that currently cover more than $200 billion in retail sales. This continued push toward more aligned assess- ment tools is an important step toward putting more sustainable products on retailers’ shelves. Rating Sustainability The assessment tool, currently known as the Beauty and Personal Care (BPC) Product Sustainability Rat- ing System, includes a set of key performance indica- tors (KPIs), along with a proposed method of scoring products against these indicators. A range of sustain- ability attributes and activities, from basic practice to aspirational leadership, are reflected within the KPIs. Retailers and other companies may voluntarily use this tool to independently and individually evaluate product sustainability, with scores intended to re- main confidential between retailer and supplier. Re- sulting product assessment may be used to facilitate supplier-retailer conversations, drive improvements in supply chains, and independently evaluate and in- centivize better, more sustainable products. SPICE Meanwhile, global beauty group L’Oréal and lead- ing environmental sustainability consulting firm Quantis have launched a new cosmetics industry ini- tiative called SPICE, the Sustainable Packaging Initia- tive for Cosmetics. The initiative aims to meet consumers’ growing expectations for environmental performance and shape the future of sustainable packaging by guiding policy development and dri- ving innovation. Companies face considerable methodological issues when it comes to measuring the environmental foot- print of their products.The results from product envi- ronmental footprints help companies make eco-design choices and to credibly communicate with consumers. SPICE was created to address these issues and provide solutions to these challenges in a collec- tive manner by many of the industry’s major actors. Working Together SPICE membership is open to cosmetics products manufacturers as well as cosmetics packaging suppli- ers. Currently, there are 11 members: Avon Products, Inc., Clar ins Group, Coty Inc., L’Occitane en Provence, L’Oréal, LVMH, Shiseido, Sisley, French
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4 May 28, 2018 Flexo Market News
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