Climate Change Data

Rainbow Bitco Ltd

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:462,240 tCO2eq/year
Scope 1 Emissions:7,185 tCO2e/year
Scope 2 Emissions:12,728 tCO2e/year
Scope 3 Emissions:442,327 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:346,770.05 MWh/year
Water Consumption:225,146 m3/year
Waste Generated:7,333.92 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Water
  • Waste
  • Sustainable Salon Operations
  • Diversity, Equity, Inclusion & Belonging
  • Human & Social Rights
  • Business Ethics
  • Product Quality & Safety
  • Clean & Green Formulation and Packaging
  • Diverse Product Offerings

Environmental Achievements

  • Reduced Scope 1 & 2 emissions by 10% from 2019 to 2022 (from 22,296 to 19,913 tCO2eq)
  • Reduced water withdrawn per unit produced in factories by 5.5%
  • Achieved Zero Waste to Landfill at factories and directly controlled distribution centers (where allowed by law)
  • Reduced waste per unit produced by 13.7% in factories and waste per unit shipped by 0.2% in distribution centers
  • 77% of total packaging is recyclable, reusable, or refillable

Social Achievements

  • Launched WOW (We Own Our Way) employee participation program
  • Achieved 72% employee engagement score (exceeded 70% goal)
  • 59% of employees identify as female
  • 58% female representation on the Board of Directors
  • 2% gender pay gap (aiming to eliminate)
  • Donated 8,000 products to the International Red Cross and 189,291 products for humanitarian assistance
  • ghd raised over USD 23 million for breast cancer charities

Governance Achievements

  • Published first Code of Conduct as an independent company (WECare)
  • Board of Directors confirmed oversight of ESG matters
  • ESG Executive Committee formed to oversee strategy

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce water withdrawn per unit produced in factories by 35% by 2030
  • Reduce waste generated per units produced and shipped by 35% by 2030
  • Achieve 100% recyclable, reusable, or refillable packaging by 2030
  • Increase the proportion of packaging made from PCR materials by 50% by 2030
  • Reduce Scope 1 and 2 GHG emissions by 46.2% by 2030
  • Reduce Scope 3 GHG emissions by 26.3% per unit sold by 2030
  • Offer products that are completely free of animal-derived ingredients by 2030
  • Achieve 85% biodegradable ingredients by volume by 2030
  • Be 100% PVC free in packaging by 2030
Short-term Goals:
  • Reduce water withdrawn per unit produced in factories by 20% by 2025
  • Reduce waste generated per units produced and shipped by 25% by 2025
  • Achieve 80% recyclable, reusable, or refillable packaging by 2025
  • Achieve 30% PCR material in packaging by 2025
  • Reach 100% RSPO certified palm oil by 2025

Environmental Challenges

  • Scope 3 emissions increased by 10.7% per unit sold compared to 2019 baseline (due to initial stages of identifying reduction opportunities and methodology changes)
  • Water consumption for product use is a significant environmental impact
  • Need to increase the proportion of packaging made from post-consumer recycled (PCR) materials
Mitigation Strategies
  • Implementing energy-efficient equipment, LED lighting, and smart facility control systems to reduce Scope 1 & 2 emissions
  • Switching to renewable energy providers
  • Focusing on sourcing raw materials and packaging with lower carbon impact
  • Maximizing product per container in transportation
  • Optimizing water management in production processes
  • Partnering with Global Water Intelligence (GWI) to develop water impact mitigation strategies
  • Improving wastewater processes to favor water reuse and treatment
  • Reducing product waste by maximizing formulation use, improving production line efficiencies, and ensuring product quality control
  • Switching to sustainably sourced packing materials and reducing plastic void-fill in last-mile delivery
  • Increasing the use of recycled aluminum and post-consumer recycled (PCR) materials in packaging

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Code of Conduct
  • Sustainability requirements
  • RSPO certified palm oil

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat
  • Extreme precipitation
  • Extreme wind
  • Drought
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, SBTi, UNGC, WEPs, TNFD

Certifications: ISO 50001, ISO 22716

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Elements line from Wella Professionals
  • Nature Strong by OPI

Awards & Recognition

  • Worldstar Packaging Organization Awards