The Estee Lauder Companies and Eastman sign global memorandum of understanding to further sustainable packaging
PR88685
NEW YORK, and KINGSPORT, Tenn., March 30, 2021 /PRNewswire=KYODO JBN/ --
-- ELC to incorporate Eastman Renew products in its packaging portfolio
to enable achievement of its 2025 sustainable packaging goals
The Estee Lauder Companies (ELC) (
) and specialty materials provider Eastman (
) today announce a global memorandum of understanding (MOU) that will enable
ELC to take significant strides towards its 2025 sustainable packaging goals.
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Through the agreement, ELC and its portfolio of brands will begin incorporating
packaging solutions enabled by Eastman's molecular recycling technologies and
portfolio of Renew resins with up to 100% certified recycled content.* This is
the first sustainability-based agreement between Eastman and a major prestige
beauty house and will help drive the increased use of recycled and/or
recyclable plastics in luxury cosmetics packaging.
"Our suppliers play a critical role in helping The Estee Lauder Companies
continue to move the needle and think innovatively about sustainability," said
Roberto Magana, senior vice president and chief procurement officer for The
Estee Lauder Companies. "Eastman's molecular recycling technologies and
portfolio of Renew products will help drive the achievement of the company's
sustainable packaging goals while maintaining the high-quality aesthetic,
safety and performance of our prestige products. We look forward to
collaborating with them."
Eastman's portfolio includes a newly introduced line of molecularly recycled
polyesters produced via Eastman's Advanced Circular Recycling. These
sustainable resins, which include Eastman Cristal(TM) Renew and Eastman
Tritan(TM) Renew, are made using up to 100% International Sustainability &
Carbon Certification (ISCC) certified recycled content* and are chemically
indistinguishable from their legacy counterparts. They demonstrate the same
high-quality and processing ease of virgin polymers with the clarity, luster,
color compatibility and durability cosmetics packaging demands—while providing
premium recycled content.
The MOU will further ELC's focus on its sustainable packaging goals. The
company has committed that, by 2025, 75-100% of its packaging will be
recyclable, refillable, reusable, recycled or recoverable. Additionally, the
company will increase the amount of post-consumer recycled material in its
packaging by up to 50% in the same year.
"We are proud to partner with The Estee Lauder Companies, one of the world's
most iconic prestige beauty companies and a true leader in sustainability,"
said Scott Ballard, vice president and general manager for Eastman's specialty
plastics division. "We are excited to help them achieve their ambitious
sustainability goals right now. Together, we can provide a shining example of
what is possible today—not years in the future—to advance the circular economy."
*The recycled content is achieved by allocating the recycled waste plastic to
Eastman Renew resins using a mass balance process certified by ISCC.
About The Estee Lauder Companies Inc.
The Estee Lauder Companies Inc. ( https://www.elcompanies.com/en ) 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: Estee
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 Frederic Malle, GLAMGLOW,
KILIAN PARIS, BECCA, Too Faced and Dr. Jart+.
About Eastman
Founded in 1920, Eastman (
) is a global specialty materials company that produces a broad range of
products found in items people use every day. With the purpose of enhancing the
quality of life in a material way, Eastman works with customers to deliver
innovative products and solutions while maintaining a commitment to safety and
sustainability. The company's innovation-driven growth model takes advantage of
world-class technology platforms, deep customer engagement, and differentiated
application development to grow its leading positions in attractive end markets
such as transportation, building and construction, and consumables. As a
globally inclusive and diverse company, Eastman employs approximately 14,500
people around the world and serves customers in more than 100 countries. The
company had 2019 revenues of approximately $9.3 billion and is headquartered in
Kingsport, Tennessee, USA. For more information, visit https://eastman.com
Media Contacts
The Estee Lauder Companies
Bari Seiden-Young
(212) 572-4475
bseiden@estee.com
Eastman
Laura Mansfield, APR
The Tombras Group
+1 (865) 599.9968
lmansfield@tombras.com
Source - Eastman
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