2021-2022 Sephora China Sustainability ReportSephora China’s Sustainability Management StatementThe 2023 Global Risks Report by the World Economic Forum shows that failure of climate-change mitigation and adaptation, natural disasters and extreme weather events, biodiversity loss and ecosystem collapse are the key challenges worldwide to global sustainable development over the next decade. Actively seeking innovative solutions tackling these risks will bring new momentum to sustainable and healthy global economic development.Sustainable development that well balances the environmental, societal, and economic benefits has been a consensus and a strategic approach of more and more enterprises. LVMH Group has unveiled its new sustainable development strategy, the “LIFE 360” Program, and charted an ambitious environmental performance roadmap for 2023, 2026, and 2030 in such new context. As a member of the LVMH group, Sephora China has been committed to responding to China's policy call for high-quality and green development, actively undertaking the corporate citizenship responsibilities, and continuously shaping a green beauty retail and consumption ecosystem, while tackling all the targets set in “LIFE 360” Program.The year 2022 marked the 17th year of Sephora’s entry into the Chinese market, we have built a country specific sustainable development strategy, aiming to motivate our business partners and Chinese consumers to unleash the social value of “Beauty Power” by leveraging our brand influence. Apart from accelerating the transformation of our own sustainable development, we are striving to create a sustainable ecosystem that helps explore more growth opportunities for the beauty industry. In addition to product...
