Emerging Credit Rating Limited
Climate Impact & Sustainability Data (August 2024)
Reporting Period: August 2024
Environmental Metrics
Social Achievements
- Women make up 60% of the workforce in the cosmetics industry.
- The industry employs over 6 million people.
Climate Goals & Targets
Environmental Challenges
- Environmental pollution through non-biodegradable packaging and chemical waste.
- Harmful chemicals in cosmetics can cause skin irritations, allergies, hormone disruption, and even cancer.
- The cosmetics industry promotes discrimination.
- Substandard and counterfeit products, posing health risks.
Mitigation Strategies
- Bangladesh's Drugs and Cosmetics Act 2023 addresses health risks from harmful chemicals.
- Strengthening regulations and ensuring stringent quality control measures.
- The industry should adopt sustainable practices to reduce its environmental footprint.
- Increasing awareness about the risks of low-quality cosmetics and proper skincare.