Skincare company Medik8 has released a comprehensive strategy to strengthen its sustainability commitment.
The company’s four-pillar framework details its overall sustainability objective to reduce its products’ footprint.
The first pillar is climate action with Medik8 aiming to be carbon neutral by 2022 and thereafter, with a 50% reduction of carbon emission intensity by 2030 and achieve net zero by 2040.
The second pillar is waste reduction with targets comprising of 100% of packaging to be reusable, refillable or recyclable by 2026, with a 25% reduction in factory water usage by 2024 and zero waste to landfill by 2025.
The third pillar of ethical business outlines the company’s hopes to have a supplier sustainability programme in place by 2023, 100% sourcing from responsible suppliers by 2024 and 100% traceable and responsibly sourced raw materials by 2030.
The final pillar regards social investment with the company investing the higher of 0.25% EMBITDA or £300,000 between 2022-2026 andselectingt a long-term charitable partner by 2022.
Alexandra
Florea, head of sustainability at Medik8, commented, “Medik8’s commitment to
sustainability has always been part of who we are. But our updated strategy is
taking our efforts to the next level, both in terms of ambition and of positive
impact we want to have on the world around us.”
