Social and Environmental Responsibility

Even though operating in a sector considered low-polluting and not entailing significant environmental risks, Interparfums remains committed to respecting and preserving the environment and historically engaged in pursuing in a sustainable development approach.

A socially responsible employer

Interparfums attaches considerable importance to providing opportunities for training, promoting gender parity and combating all forms of discrimination.

Training is available to all Interparfums employees to develop their technical, management or personal skills. With 2% of its payroll allocated to training (compared to the 1.6% regulatory minimum), 66% of the company's workforce was in this way given access to vocational training in 2013.

In order to combat all forms of discrimination, the company adheres to equal opportunity employment principles with respect to recruitment, career advancement, access to training and remuneration.

The company has also adopted two plans in favor of non-discrimination.
The first in 2009 in favor of the employment of olders workers.
The second in 2011 promoting equal opportunities for men and women, notably with respect to employment and vocational training as well as measures designed to facilitate combining work with family life.

Finally, while not employing disabled workers directly, for nearly 20 years the company has used the services of sheltered workshops employing persons with disabilities for the packaging of fragrance products.

Environmental responsibility

The company's business model is based on providing creative and commercial services covering the creation of the concept, development and distribution of selective fragrance and cosmetic products. However, the production processes are entrusted to long-standing manufacturing partners combining optimal expertise and responsible engagement in their respective areas. These include producers of juice, glass, caps and cardboard boxes and packaging companies.

The company in this way limits the environmental impacts of its main business operating cycles ranging from the sourcing of raw materials to managing transportation logistics, and including controls for product packaging activities by subcontractors.

The know-how of its partners that make use of the latest cutting-edge techniques allows it for example to use water-soluble and biodegradable solutions for the coloring of certain bottles.

The company has also eliminated all thermoset components from its line of bath and body care products in favor of recyclable plastic.

Social responsibility

Beyond the normal operating considerations relating to cost controls, quality and innovation, the company is also committed to promoting lasting and responsible collaboration with its subcontractors and suppliers in accordance with the employment-related and environmental priorities guiding its operating practices.

In addition to its adoption of company conduct of business rules, Interparfums is fully conscious of the issues relating to its business model and in this context, has undertaken work to identify the specific societal issues linked to this model.

Accordingly, in 2013 it launched a study on how to put into practice the commitments resulting from its CRS policy and has developed a code of ethical conduct for the company.

This code of conduct which in particular incorporates priorities focusing on employment-related responsibility, respect of human rights, preserving the environment and combating corruption, will be accompanied by assessment measures and social audits.

The year ahead will constitute an important phase in rolling out the approaches initiated in 2013.

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Market data on January 22th, 2020 at 17h35

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