Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

THE ESTÉE LAUDER COMPANIES INC.

(EL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Estee Lauder : The Estée Lauder Companies Announces Sustainability Goals for Travel Retail

01/26/2021 | 08:34am EDT
The Estée Lauder Companies Announces Sustainability Goals for Travel Retail

Press Release, Jan 26, 2021

NEW YORK, NY, January 26, 2021 - As part of The Estée Lauder Companies' (ELC) commitment to embed citizenship and sustainability within every aspect of its business, the company is proud to announce sustainability goals specific to ELC's Travel Retail unit. Travel Retail, which covers the world of duty-free environments including airports, downtown locations, airlines, cruises, and border shops, is one of the company's highest growth channels and touches over 1 billion consumers a year.

'The Estée Lauder Companies and its brands have made great strides to ensure we continue to be a company rooted in values and it is important that we do our part in Travel Retail to uphold this vision. By implementing sustainability goals for Travel Retail, we are furthering the company's commitment to the environment and demonstrating to travelers how we are making a positive impact in this space,' said Olivier Bottrie, Global President, Travel Retail and Retail Development, The Estée Lauder Companies. 'We look forward to continuing the necessary work to lead in this space and sharing our progress with our employees and consumers.'

Sustainability is increasingly top of mind for travelers. According to a recent study by the Tax Free World Association (TFWA), over 70 percent of participants noted that they would be influenced by sustainability credentials when purchasing an item during their travels1.

In line with ELC's company-wide sustainability goals, Travel Retail identified emissions, waste and energy as key priorities for their business based on industry need and potential impact. The goals announced are:

Emissions2:

  • Achieve Net Zero carbon emissions for transportation to Travel Retail customers by the end of fiscal year 2023
  • Achieve Net Zero carbon emissions for all Corporate Travel Retail Worldwide Business Air Travel by the end of fiscal year 20233.

Packaging:

  • Transition all Travel Retail Exclusive (TREX) paper cartons to responsibly sourced FSC-certified board by 2025. Reduce plastic usage by removing plastic film-wrap from Travel Retail Exclusive outside cartons by 2023.

Store Design and Visual Merchandising:

  • Incorporate sustainability practices in Travel Retail new store design and visual merchandising across all brands, including with respect to materials starting in fiscal year 2021.

Sustainable Building Operations:

  • Deploy sustainability practices across all Travel Retail office locations by the end of fiscal year 2023.

'The Estée Lauder Companies' commitment to citizenship and sustainability reflects our belief that our long-term business success depends on our ability to make conscious decisions to embed sustainable practices across our entire value chain,' said Nancy Mahon, Senior Vice President, Global Corporate Citizenship and Sustainability, The Estée Lauder Companies. 'We feel confident that the ambitious steps our Travel Retail team is taking will not only accelerate progress towards our company's sustainability goals, but will also make a tangible impact on the Travel Retail industry, enabling consumers to make more environmental choices.'

By way of example, by eliminating film-wrapping from the packaging of Travel Retail Exclusive Sets, Travel Retail will avoid 54,000 kilograms of plastic waste - the equivalent of eliminating 5.4 million 500mL plastic water bottles4.

Since the launch of Travel Retail's sustainability initiatives, progress has been made in both packaging and store design. In store design, the newly opened Estée Lauder, La Mer and MAC counters at Hyundai COEX in Seoul, Korea were built with, on average, 80 percent reused display fixtures, reducing waste and environmental impact while maintaining brand equity.

'We recognize that this is the first step for Travel Retail in what will be an ongoing journey, but we look forward to being a part of the solution and feel that by taking these critical steps, The Estée Lauder Companies and Travel Retail is recommitting to its values to bring the best to everyone we touch,' added Mr. Bottrie.

For more information on ELC's sustainability commitments, visit the fiscal year 2020 Citizenship and Sustainability Report.

For press inquiries, please reach out to Colleen Leahy at cleahy@estee.com or Stephanie Intoci at sintoci@estee.com.

About The Estée Lauder Companies Inc.

The Estée Lauder Companies Inc. is one of the world's leading manufacturers and marketers of quality skin care, makeup, fragrance and hair care products. The company's products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, Tommy Hilfiger, M·A·C, La Mer, Bobbi Brown, Donna Karan New York, DKNY, Aveda, Jo Malone London, Bumble and bumble, Michael Kors, Darphin, TOM FORD BEAUTY, Smashbox, Ermenegildo Zegna, AERIN, RODIN olio lusso, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, BECCA, Too Faced and Dr. Jart+.

1 Data from the Tax Free World Association's (TFWA) 2020 Sustainability in Travel Retail Study 2020.
2 Travel Retail's business air travel and transportation emissions contribute to ELC's Scope 3 footprint
3 Excludes travel by counter beauty advisors.
4 Based on FY20 sales volumes

Disclaimer

The Estée Lauder Companies Inc. published this content on 26 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2021 13:33:01 UTC


© Publicnow 2021
All news about THE ESTÉE LAUDER COMPANIES INC.
05/12ESTEE LAUDER  : ELC Appoints Meridith Webster as EVP, Global Communications and ..
AQ
05/11ESTEE LAUDER  : The Estée Lauder Companies Appoints Meridith Webster as Executiv..
BU
05/07INSIDER TRENDS : Estee Lauder Insider Extends 90-Day Selling Trend
MT
05/07ESTEE LAUDER  : The Estée Lauder Companies Contributes to Global COVID-19 Relief..
PU
05/05INSIDER TRENDS : Estee Lauder Insider Extends 90-Day Selling Trend
MT
05/05INSIDER TRENDS : Insider 90-Day Selling Trend Prolonged at Estee Lauder
MT
05/05ESTEE LAUDER  : Reports Fiscal 2021 Third Quarter Results
AQ
05/04THE ESTEE LAUDER COMPANIES INC.  : Declares Quarterly Dividend of $.53 Per Share
AQ
05/04ESTEE LAUDER  : Goldman Sachs Adjusts Price Target for Estee Lauder to $305 From..
MT
05/04ESTEE LAUDER  : JPMorgan Adjusts Price Target for Estee Lauder to $323 From $336..
MT
More news
Financials (USD)
Sales 2021 16 050 M - -
Net income 2021 2 063 M - -
Net Debt 2021 353 M - -
P/E ratio 2021 53,7x
Yield 2021 0,68%
Capitalization 108 B 108 B -
EV / Sales 2021 6,72x
EV / Sales 2022 5,91x
Nbr of Employees 48 000
Free-Float 38,8%
Chart THE ESTÉE LAUDER COMPANIES INC.
Duration : Period :
The Estée Lauder Companies Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE ESTÉE LAUDER COMPANIES INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 328,94 $
Last Close Price 296,64 $
Spread / Highest target 23,7%
Spread / Average Target 10,9%
Spread / Lowest Target -16,1%
EPS Revisions
Managers and Directors
NameTitle
Fabrizio Freda President, Chief Executive Officer & Director
John D. Demsey Executive Group President
Jane Hertzmark Hudis Executive Group President
Stéphane de la Faverie Group President
Tracey Thomas Travis Chief Financial Officer & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
THE ESTÉE LAUDER COMPANIES INC.11.44%107 478
PROCTER & GAMBLE COMPANY-0.81%337 881
UNILEVER PLC-2.23%158 497
HINDUSTAN UNILEVER LIMITED-0.70%76 230
COLGATE-PALMOLIVE COMPANY-2.28%70 689
RECKITT BENCKISER GROUP PLC-2.69%63 992