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: 01.10.2024
Letter to Stakeholders
Letter to Stakeholders
Dear Stakeholders,
I am pleased to present you our most recent Sustainability Report, a document that attests our ongoing commitment to sustainability and corporate well-being. Over the past two years, profound global and local changes have redefined the context in which we operate, highlighting the critical importance of sustainability as a key guide to navigating through turbulence and pursuing long-term success.
Matteo Locatelli
CEO
Pink Frogs Cosmetics Srl
Our Insights
Employees
2023
In 2023, Pink Frogs Cosmetics staff consists of 76 employees of whom 64% are women and 36% 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 3-year period 2021-2023, production increased by 30%, largely due to the increase related to samples in spray vials for the perfume industry.
Revenues
2021
+14%
2022
-5%
2023
+24%
Although 2022 saw a slight contraction, sales have regained momentum, showing an 18 % increase over the 3-year period from 2021 to 2023. This significant growth is a direct result of the company’s dedication to quality and efficiency.
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 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 2,000 kg of film, reducing raw material consumption and disposal costs.
Finora, grazie a questo impegno, abbiamo contribuito al riciclo di circa 2.000 kg di film, riducendo i consumi di materie prime e i costi di smaltimento.
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).
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, which is an integral part of the international group Look Good Feel Better promoter of the initiative in as many as 27 countries around the world.
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 Pink Frogs participated in the “Noi Con Voi” project promoted by the Department of Social Services of the Municipality of Rozzano. Our 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 2023, the renewal of our contribution, together with those of the other supporting companies, allowed the Rozzano municipality to entrust a new vehicle to the Auser Sempreverdi volunteers who provide transportation for the elderly and people with disabilities in the area and the Humanitas shuttle.
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.
Initiatives
The Sustainable Development Goals
