Puig is a company committed to being a reference in ESG in the industry. Leaving a better world behind for the next generations is core to our purpose, and we are committed to maintaining and improving our sustainability performance. Puig aims to achieve responsible growth through its 2030 ESG Agenda, which is aligned with the United Nations Sustainable Development Goals (SDGs) and the 10 principles of the United Nations Global Compact.
Puig continuously strives to minimize its environmental footprint, promote human rights across the value chain, and uphold the highest ethical standards in all areas of its operations. The company has set ambitious goals, including achieving net-zero emissions by 2050 and generating a positive impact on society, working across three dimensions: Climate, Nature and Social.
Lucia Gonzalez Navarrete, ESG Operations Director
Climate
Commitment: Reduce greenhouse gas emissions
Puig’s key current climate commitments align with global efforts to fight against climate change:
- Contribute to limiting global warming to 1.5ºC by 2030, in accordance with the Paris Agreement. Puig is committed to reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030 from the baseline year 2022. Additionally, the company is committed to reducing absolute Scope 3 GHG emissions from purchased goods and the services category by 25% within the same timeframe. The target boundary includes biogenic emissions and removals from bioenergy feedstocks.
- Achieve net-zero emissions by 2050. Puig is committed to reducing absolute Scope 1 and 2 GHG emissions by 90%, including biogenic emissions and removals from bioenergy feedstocks by 2050 from the baseline year 2022. Additionally, the company is committed to reducing absolute Scope 3 GHG emissions by 90% across purchased goods and services, upstream transportation and distribution, business travel, and end-of-life treatment of sold products, within the same timeframe.
These emission-reduction targets have been approved by the Science Based Targets initiative (SBTi).
Packaging
Puig continues to strengthen its circular approach to packaging, and operations, integrating sustainability principles throughout the entire value chain to achieve a minimum production of waste not only in own operations but also in end-of-life phases and make it easier to recycle.
A full life cycle approach guides Puig’s packaging strategy, considering environmental impact of end-of-life phase. By using different tools, packaging teams compare materials, measure environmental footprints, and integrate sustainability into decision-making to minimize the impact of disposal and recycling. Efforts to reduce packaging impact to optimize waste treatment focus on:
- Using recyclable, post-consumer recycled (PCR), and biodegradable materials.
- Expanding refillable systems to encourage reuse.
- Reducing packaging volume across primary, secondary, coffrets, and tertiary packaging.
Nature
Commitment: Act for nature through sustainable ingredient sourcing
Puig is committed to making a positive impact on nature by focusing on product circularity, nature protection, and the responsible sourcing of raw materials, ensuring that the production of key raw materials does not contribute to deforestation or the degradation of forest ecosystems. This commitment also involves close collaboration with Puig suppliers.
The company business model and strategic roadmap are designed to remain resilient to biodiversity and ecosystem-related risks through a proactive approach that addresses physical, transition, and systemic risks while leveraging opportunities for sustainable growth.
