Our Sustainability Journey
Our Sustainability journey
Our commitment: integrated and continuous reporting
Pink Frogs Cosmetics began its sustainability journey in 2009. If the choice in those years seemed a pioneering path, today it proves to be an important investment, a guarantee of responsibility and solidity. The journey continues, toward constant improvement of our environmental, social and economic performance aimed at creating value over time for the company and its stakeholders.
This platform is a reflection of our journey and is periodically updated to reflect our progress in pursuing increasingly responsible business management.
Last update: 04/04/2025
Letter to Stakeholders
Dear Stakeholders,
It is with great pleasure that we present our 2024–2025 Sustainability Report, which details the progress Pink Frogs has made on its journey toward an increasingly responsible, transparent, and shared-value-oriented business model.
The past two years have marked a significant evolution in our commitment as a Società Benefit. We have consolidated…
Dear Stakeholders,
It is with great pleasure that we present our 2024–2025 Sustainability Report, which details the progress Pink Frogs has made on its journey toward an increasingly responsible, transparent, and shared-value-oriented business model.
The past two years have marked a significant evolution in our commitment as a Società Benefit. We have consolidated our impact governance, strengthened our ESG policies, and continued with conviction to implement actions that place people, the community, and the environment at the center of our growth.
Over the past two years, we have invested in employee training and well-being, fostering an inclusive and participatory corporate culture; we have strengthened our social responsibility initiatives by supporting local and national projects promoting health, inclusion, and solidarity; and we have intensified our environmental commitment through targeted measures aimed at waste reduction and sustainable resource management.
At the same time, we have continued to foster dialogue with our stakeholders by regularly updating our sustainability microsite and organizing discussions with schools, organizations, and partners throughout the supply chain. Transparency remains a guiding principle for us, essential for building trust and shared responsibility.
Looking ahead, the goals that lie before us are challenging: to strengthen the integration of ESG criteria across every area of the company, to continue monitoring our impact throughout the value chain, to promote the circular economy, and to contribute to the spread of a culture of concrete and measurable sustainability.
Every result achieved is the fruit of the collective commitment of all the people who contribute every day to making Pink Frogs a model of a benefit corporation. To them, and to all of you who share this journey, we extend our most sincere thanks.
Our goal remains unchanged: to create lasting value for people, the local community, and the planet, while continuing to demonstrate that sustainability is the engine of growth.
Matteo Locatelli
Marina Della Marchesina
Matteo Locatelli
CEO
Pink Frogs Cosmetics Srl
Marina Della Marchesina
General Manager
Pink Frogs Cosmetics Srl
Our Insights
Employees
2025
In 2025, Pink Frogs Cosmetics staff consists of 87 employees of whom 69% are women and 31% are men, a condition that puts us above the average female employment recorded in the European cosmetics industry (54% women and 46% men).
Production (millions of pieces)
In the 2023–2025 period, production saw a slight decline in terms of units produced, particularly in the production of perfume vials, while the production of sticks is establishing itself as the main product type.
Revenues
2022
-5%
2023
+24%
2024
+36%
Between 2022 and 2024, revenues showed significant growth, reflecting the company’s continued development and solid performance.
MATERIALITY ANALYSIS
MATERIALITY ANALYSIS
The choice of our priority themes stems from a process inspired by the new European Sustainability Reporting Directive (CSRD) and the concept of double materiality.
After listening to our stakeholders, we analyzed the impacts of our organization on society and the environment, as well as the economic risks and opportunities related to ESG issues (IRO Analysis).
This process allowed us to identify and rank priority topics into three levels of significance. The top issues were then integrated into a medium-term action plan.
This plan is the foundation of our sustainability strategy, guiding our actions and defining our goals for the coming period.
Materiality Analysis
The choice of our priority themes stems from a process inspired by the new European Sustainability Reporting Directive (CSRD) and the concept of double materiality.
After listening to our stakeholders, we analyzed the impacts of our organization on society and the environment, as well as the economic risks and opportunities related to ESG issues (IRO Analysis).
This process allowed us to identify and rank priority topics into three levels of significance. The top issues were then integrated into a medium-term action plan.
This plan is the foundation of our sustainability strategy, guiding our actions and defining our goals for the coming period.
ENVIRONMENTAL
COMMITMENT
2026-2030
Environment
Waste Management and Circular Economy
2026-2030 Commitment
Benefit Objective: Environment and Resource Efficiency
Maximize material recovery and reduce the environmental impact of waste
Energy and Climate Change
2026-2030 Commitment
Benefit Objective: Environment and Resource Efficiency
Pursue decarbonization and full transparency regarding impacts throughout the value chain.
Social responsibility throughout the value chain
2026-2030 Commitment
Benefit Objective: Sustainability along the value chain
Transforming the supply chain into a supportive and circular ecosystem.
Water Management
2026-2030 Commitment
Benefit Objective: Environment and Resource Efficiency
Maximize the efficient use of water resources and eliminate operational waste.
1. Reduction of the waste of resources
Implement initiatives to reuse resources before they become waste
TARGET: Realize at least 4 Circular Beauty initiatives in the next three years.
Involve more and more partners in initiatives such as Circular Beauty to increase the positive effects of the project
TARGET: Involvement of 4 partners in the Circular Beauty project in the three-year period 2024-2026
2. Improvement of the quality of waste differentiation
Activate partnership with new waste disposal company to improve waste differentiation
Increase the recoverable/recyclable types of waste
Raise awareness and educate workers on proper waste sorting
TARGET:
20% reduction in mixed waste produced by 2026
Increase by 15% of the amount of plastic waste recycled through the F2F project by 2026
3. Reduction of water consumption in operational activities
When planning the new facility, explore innovative solutions and advanced technologies for sustainable water management, such as water recycling and reuse systems, water-saving technologies, and water conservation practices
Collaborate with partners to research solutions that enable sustainable treatment of washing water
4. Responsible consumption management
Monitor energy consumption monthly to identify any potential critical issues
Monitor temperatures using thermometers and raise awareness about them
5. Mitigation of climate change
Begin measuring Scope 3 emissions
TARGET: Measure GHG emissions from at least 2 of 15 categories related to Scope 3 activities by 2026
Assess support for projects committed to improving the environment
TARGET: Support at least one project in the territory
In the design plan for the new corporate headquarters, explore solutions related to renewable energy and energy efficiency
Environmental Projects
Circular Beauty
Our “Circular Beauty” project, born in early 2021, in the midst of a health and economic emergency, is envisioned as a virtuous circle of Cosmetics, a string of sustainable supply chains to give new life to products that are often unfortunately set aside for various logics not dependent on quality and safety, and that could become something beautiful again.
Film To Film
Starting in 2021, we are proud to actively participate in the RE.WIND project. This consists of collecting stretch and/or shrink film from incoming goods. We carefully remove labels and foreign objects, then proceed by pressing the film. The pressed material goes through a F2F (FILM to FILM) recycling process and returns to us in the form of new reels.
So far, through this effort, we have contributed to the recycling of about 5,400 kg of film, reducing raw material consumption and disposal costs.
Circular Beauty
Our “Circular Beauty” project, born in early 2021, in the midst of a health and economic emergency, is a special initiative because it encompasses commitments from the three areas of Corporate Social Responsibility:
Social responsibility
Donations to Non-Profit Associations
Environmental responsibility
“Zero waste” through the reprocessing of materials
Economic responsibility
Circular economy and supply chain collaboration
The virtuous circle of “Circular Beauty”: how it works
Each “Circular Beauty” project starts from a need and arrives at a donation, passing through donations and solidarity strings, and starts again
The numbers
“Circular Beauty”, from 2021 to the present, has avoided the disposal of:
SOCIAL COMMITMENT 2024-2026
Social
WORKFORCE TRAINING AND DEVELOPMENT
2024-2026 Commitment
Social
HUMAN RESOURCES WELL-BEING
2024-2026 Commitment
Social
1. Increase of the Skills and Training of Employees
Provide specific trainings to employees to acquire advanced skills
TARGET: 50% increase in training hours per employee by 2026
Create internal training courses to increase process knowledge
TARGET: Annual involvement of 60 percent of the corporate population in internal courses
2. Specific training on the cosmetics industry
Increase employability of job-seeking resources in the cosmetics industry and place new workers through specific training projects
TARGET:
Carry out one edition of Pink Academy per year
Place 10 percent of Pink Academy participants
3. Promotion of diversity and inclusion
Participate in initiatives on issues of diversity, equity and inclusion and organize awareness workshops
TARGET: Hold an event on issues of diversity, equity and inclusion
4. Enhancement of the business climate
Create team-building days to improve the climate and raise awareness of company departments
TARGET: 95% employee participation in Pink Building project by 2026
Implement an annual business climate analysis system
TARGET: 20% improvement in employee satisfaction and engagement scores measured annually by 2026
5. Promotion of wellness and work-life balance initiatives
Enhance wellness support services and work-life balance initiatives and increase employee awareness regarding these topics
TARGET: 20% improvement in employee satisfaction and engagement scores on corporate wellness issues measured annually by 2026
Social Projects
Banca del Tempo Sociale
Banca del Tempo Socialde is an initiative of “I Bambini delle Fate” that aims to offer children with autism and disabilities opportunities for inclusion, and high school students (16/20 years old) the positive experience of approaching the world of social work in an organized structure.
The social inclusion project takes place at the Il Balzo Social Cooperative in Rozzano (MI).
Support for Research
Our commitment to health and well-being is reflected in our active support for initiatives that combine solidarity and prevention. Pink Frogs Cosmetics proudly supports events with a significant social impact, such as the PittaRosso Pink Parade (PPP), which supports scientific research on women’s cancers, and StraWoman, a sporting event dedicated to women’s rights and health.
La Forza e Il Sorriso
Since 2019 Pink Frogs has adhered, as a Supporter, to the activities of “La Forza e il Sorriso Onlus,” an association sponsored by Cosmetica Italia, integral part of the international group Look Good Feel Better.
La Forza e il Sorriso Onlus promotes beauty workshops for women undergoing cancer treatment at hospitals and associations throughout Italy.
Noi Con Voi
In 2019, and again in 2023, Pink Frogs participated in the “Noi Con Voi” project promoted by the Department of Social Services of the Municipality of Rozzano. The sponsorship, together with that of other companies in the area, enabled the loan for use of a vehicle intended for social activities of the municipality.
In 2026, supporting the “Guaranteed Mobility Project” alongside other sponsoring companies enabled the City of Rozzano to provide a new vehicle to Auser volunteers who transport seniors and people with disabilities throughout the area.
Banca del Tempo Sociale

Always sensitive to social commitment, we strongly believed in this initiative that we became its main promoter by also involving our stakeholders in its realization.
Since a fundamental pillar of CSR is giving back to the territory where the company operates, we have identified here in Rozzano the Cooperative Il Balzo (which for years has been involved in assisting children and young people with disabilities), which is following the project with dedicated operators.
It is the first Banca del tempo Sociale initiative in Milan and Province.
The program involves 10 kids with autism and 30 high school kids having an important experience, dedicating time to each other in an organized and structured way, (in presence and through digital media) and being able to experience those emotions and feelings that are normal in the life of a teenager, but extremely difficult if not nonexistent in the case of kids with disabilities.
For this commitment they receive vouchers for the purchase of books and sporting goods, and there is also the recognition of educational credits and, for the most deserving, scholarships are awarded.
Through engaging activities such as reading, cooking and art, an environment of inclusion and friendship is fostered. With the support of tutors, children learn empathy and understanding, which are fundamental to building meaningful relationships.
This project not only promotes socialization, but also personal growth and the formation of authentic and lasting bonds.
Support for Scientific Research and Prevention
For Pink Frogs Cosmetics, social responsibility means providing tangible support for science and medical progress. We firmly believe that research is the key driver for ensuring a healthier and safer future, particularly in the area of women’s health.
For this reason, the company has chosen to actively support and fund important projects of national significance, carried out through charitable events that combine sports, community outreach, and fundraising.

PittaRosso Pink Parade (PPP)
In 2024, our commitment to excellence in scientific research took shape through our support of the PittaRosso Pink Parade (PPP).
Through this long-standing partnership, Pink Frogs has directly contributed to funding projects by the Umberto Veronesi Foundation, with a specific focus on research, prevention, and treatment of women’s cancers.
For us, supporting the PPP has meant nurturing a scientific network capable of making a difference in the lives of many women by promoting the vital importance of early diagnosis.
StraWoman: Health, Well-being, and Combating Gender-Based Violence
Continuing this mission, in 2025 Pink Frogs enthusiastically supported StraWoman, Italy’s largest traveling event dedicated to sports, wellness, and women’s rights.
Our participation stemmed from the awareness that physical activity and healthy lifestyles are the foremost allies in disease prevention.
However, StraWoman was not just a celebration of wellness, but a true platform for raising social awareness: the event took a leading role in the fight against violence against women, championing a powerful message of respect, equality, and the protection of rights.
La forza e il sorriso
In collaboration with Vetronaviglio, during Milano Beauty Week 2023, we supported fundraising for La Forza e il Sorriso, a non-profit organization that organizes beauty workshops for women undergoing cancer treatment, with our Bi-phase Face and Eye Makeup Remover.
During the Milano Beauty Week 2024, we donated 2,000 pieces of our Oil to Milk Micellar Makeup Remover to support the Beauty Gives Back fundraising event to benefit La forza e il sorriso Onlus, committed to providing free beauty workshops for women undergoing cancer treatment.
For the Milano Beauty Week 2025, we developed Velvet, a velvety body oil for the face and body, in collaboration with Berlin Packaging, and donated it to the Beauty Gives Back fundraising initiative in support of La forza e il sorriso Onlus.
GOVERNANCE COMMITMENT 2024-2026
Governance
RESPONSIBLE COMMUNICATION
2024-2026 Commitment
Governance
1. Transparency in Communication in Marketing Campaigns
Create communication campaigns that highlight the company’s sustainability efforts and social responsibility initiatives
TARGET:
Ensure that all marketing and advertising campaigns adhere to ethical principles, avoiding deceptive or misleading practices, by 2026
Include sustainability and social responsibility messages in at least 40 % of corporate communication campaigns by 2026
2. Stakeholder Involvement in Communication
Participate in educational moments to discuss ESG initiatives and spread the culture of corporate sustainability
TARGET: Showcase at least 10 corporate case studies on ESG aspects in the three-year period 2024-2026
Send regular updates on the development and progress of ESG initiatives through newsletters, social media, and annual reports
TARGET: Send at least 12 updates per year on developments and progress of ESG initiatives
Develop interactive digital platforms, such as a website dedicated to sustainability, where stakeholders can access up-to-date information
TARGET: Develop and update a website dedicated to sustainability and ongoing reporting
Involvement of supply chain partners in CSR initiatives
TARGET: Involve at least 10 partners in CSR initiatives in the next 3 years
Governance projects
Becoming Società Benefit
On December 1, 2022, the Pink Frogs S.r.l. Shareholders’ Meeting decided to change its corporate name to Pink Frogs Cosmetics S.r.l. Società Benefit, thus also formalizing in the bylaws its commitment to the pursuit of purposes of common benefit in the exercise of its economic activity.
Ethics Committee
Established in 2018, it is responsible for representing all categories of workers in the company. It meets periodically to share company issues, propose solutions and then report them to management.
Its duties include ensuring compliance with the company’s Code of Ethics and promoting Pink Frogs Cosmetics’ values among employees.
Reporting sustainability over the years
The desire to show other companies all that a small company can do regarding sustainability led us in 2017 to create our first sustainability report. In 2018, our second sustainability report led us to be the first Italian cosmetics company to produce a GRI-certified sustainability report. Since then, sustainability reporting remains a crucial part of our corporate communication.
Reporting sustainability over the years
Our commitment to sustainability was first told in 2017 through our first Sustainability Report.
1st Sustainability Report
GRI Certified
(Global Reporting Initiative)
Integrated Reporting
Certified according to the GRI (Global Reporting Initiative) and IIRF (International Integrated Reporting Framework) standards.
It makes it possible to integrate the different perspectives of measuring and analyzing value creation into an integrated thinking and system of ideas (integrated thinking)
Sustainability Report
Evidence of our progress and continued commitment to a more responsible future.
Impact Report
It describes how the company pursues objectives for the common good as a Società Benefit, detailing the social and environmental initiatives it has undertaken, the results measured using external standards, and its future goals.
Initiatives
For years, Pink Frogs has been supporting "Open Doors for School" project, under which it hosts students from high schools and universities to illustrate production processes in the cosmetics industry.
Open Doors to Schools
In the break area, there are three benches, each with a color representing a message of solidarity: one blue bench to raise awareness of autism, one with the colors of the rainbow in support of gender diversity and against homophobia, and a red one, symbolizing the rejection of violence against women.
Solidarity benches
In collaboration with Randstad and Forma.temp, we promote a free training course that amplifies the employability of participants through an 80-hour training on the production and use of cosmetic machinery, at the end of which, 50 % of the participants are hired with an outsourcing contract.
Pink Academy
To encourage mutual knowledge among colleagues and promote team spirit, Pink Building days allow people from different departments to share experiences and skills, diving into each other's daily work to discover the importance of each role and understand how everyone's contribution affects collective success.
Pink Building
Through internal courses dedicated to Cosmetic Products Regulation, we raised all our staff's awareness on the importance of regulations that ensure safety, quality and transparency in the creation of each cosmetic.
Training on Cosmetic Products Regulation
With a specific course on safety in logistics, we supported our warehouse workers in improving daily practices, strengthening the safety culture and promoting shared responsibility in the workplace.
Logistics Safety Training
By donating our Micellar Water with Orchid Extract, we contributed to the Boutique by Cosmoprof fundraiser in favor of Ageop Ricerca Odv, an association that cares for children and young people with cancer every day.
Boutique by Cosmoprof 2025
In collaboration with Ermes Srls and Dr Deborah Venturelli, we promoted a Vertebral Hygiene course focusing on the active prevention of musculoskeletal disorders, combining theoretical insights and practical sessions to promote postural awareness and well-being at work.
Vertebral Hygiene Training
The Sustainable Development Goals
