How our services support cosmetics companies
Due diligence
Through a combination of supplier engagement and data-driven contextualised ESG and CAHRA risk data, TDi enables cosmetics manufacturers to gain a more comprehensive understanding of the risks in their supply chain. This approach is complemented by targeted auditing of higher risk suppliers.
Using TDi’s Digital Platform you can explore the ESG risk exposure of your specific individual suppliers, and view multiple tiers of your supply chain visually and geographically.
Supply chain risk mapping
TDi can help cosmetics companies to identify the risks associated with the materials in their beauty product supply chains – developing systems to measure and compare ingredients’ sustainability attributes and prioritising areas for mitigation.
Using our expert knowledge and bespoke digital tools, TDi can evaluate and score cosmetics suppliers’ ESG performance using risk-based approaches. This mapping process is particularly valuable as consumer demand increases for transparency regarding product formulations and material origins in beauty and skincare products.
Second and third party audits
The audit methodology brings detail and quality control to complex cosmetics supply chains, addressing industry-specific challenges such as natural ingredient sourcing, packaging sustainability, and ethical manufacturing practices.
Risk management
TDi can help cosmetics companies in all areas of risk management, including the development of supplier codes of conduct to ensure that companies in the beauty product supply chain institute strong management systems for ESG performance.
TDi can help identify and support initiatives at the sourcing, processing, and manufacturing stages of the supply chain to directly address and mitigate the ESG issues that are present.
Training and capacity building
TDi supports cosmetics suppliers to achieve higher ESG performance where supplier resource and knowledge gaps exist. TDi develops cost-efficient solutions to help cosmetics organisations upskill their internal procurement and sourcing teams through in-person, e-learning and digital training resources. TDi can:
- Help cosmetics teams to implement any improvement actions needed to close the gaps identified during audits and assessments
- Provide the tools to improve operations in line with international and recognised standards for beauty and skincare products, developing long-term internal capacity for sustainable practices
Latest trends
Waste and circularity
The industry is witnessing a push towards plastics reduction and a more circular economy, with consumer pressure to reduce packaging and increase the use of recycled or biodegradable materials.
Due diligence and supply chains
Complex supply chains generally lack visibility. Material risks are especially associated with components like cobalt and mica, and traceability solutions are essential to ensure transparency and accountability.
Carbon emissions
The Carbon Trust estimates that the sourcing of raw materials accounts for around 30-50% of this sector’s carbon emissions.
Legislation and regulations
Beauty products are subject to strict and varying requirements across global markets. Compliance challenges include meeting special transportation requirements to maintain product integrity and baseline requirements for recyclable packaging and materials usage.
TDi’s Cosmetics Industry Experts
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