Standard Owner Benchmark - Credo

Credo is a leading company that provides an online responsible sourcing platform specifically designed for the cosmetics and personal care industry. Their platform serves as a comprehensive tool for companies to effectively manage their responsible sourcing programs and communicate their commitment to sustainable practices.

Credo's responsible sourcing platform goes beyond simply identifying and analyzing raw materials and ingredients used in the industry. It assesses the sustainability of over 5,000 of these components, evaluating and scoring each one across five pillars of sustainability: social, environmental, animal welfare, Fair Trade, and sustainable agriculture. This rigorous evaluation process is based on more than 300 parameters, ensuring a comprehensive assessment of the raw materials' sustainability performance.

By utilizing Credo's responsible sourcing platform, companies gain valuable insights into the sustainability of their supply chains. The platform empowers companies to make informed decisions by providing clear information and data on the sustainability attributes of their raw materials. It enables companies to track their progress, set goals, and implement strategies for responsible sourcing.

Credo also offers a range of services to support companies in their responsible sourcing efforts. These services include online tools for managing and monitoring responsible sourcing programs, training and guidance on best practices, and independent third-party certification of responsible sourcing programs. This holistic approach ensures that companies have the necessary resources and support to implement and improve their responsible sourcing practices effectively.

Credo's responsible sourcing platform has gained recognition and adoption across the cosmetics and personal care industry. More than 200 companies, including renowned brands like L’Oréal, Unilever, The Body Shop, Estée Lauder, and Aveda, utilize Credo's platform to enhance their responsible sourcing practices. This widespread adoption underscores the platform's effectiveness and the industry's commitment to driving positive change.

Beyond providing a platform, Credo actively advocates for responsible sourcing and sustainable practices within the cosmetics and personal care industry. The company collaborates with industry associations and stakeholders to promote responsible sourcing and transparency. Additionally, Credo engages with consumers to raise awareness about the importance of responsible sourcing and the impact of their purchasing decisions on the environment and society.

In summary, Credo's responsible sourcing platform serves as a game-changer for the cosmetics and personal care industry. Through their platform, companies can efficiently manage and improve their responsible sourcing programs, ensure transparency within their supply chains, and communicate their commitment to sustainability. With their comprehensive services and advocacy efforts, Credo is making a significant contribution to driving sustainable practices and responsible sourcing throughout the industry.