The Estée Lauder Companies (ELC) released its Fiscal Year 2024 Social Impact and Sustainability Report and a 2024 Progress Update to its Climate Transition Plan on October 25, 2024. The report showcases the company's continued work toward achieving its social impact and sustainability commitments.
Key achievements include surpassing its 2025 water withdrawal target with a 23% reduction from its fiscal 2019 baseline at direct manufacturing sites. ELC also achieved its 2025 palm oil sustainability goal ahead of schedule, ensuring 95% of palm-based ingredients are certified sustainable.
Additionally, ELC published a new corporate ingredient glossary, maintained packaging sustainability efforts with 71% of packaging being recyclable, refillable, reusable, or recoverable, and diverted 99.8% of industrial waste from landfills across global operations.
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