THE WHAT? Chanel has missed an interim renewable target for 2021, reaching just 92 percent of its electricity needs from renewable sources as opposed to the target of 97 percent, according to Bloomberg.
THE DETAILS The news is significant to investors as the luxury fashion company raised the 600 million euros (US$613 million) through a bond in 2020, tying its interest payments to meeting climate targets.
Chanel stated it intends to generate on-site renewable electricity where possible, however may reach the 2025 goal of 100 percent via power purchase agreements, green tariffs, renewable electricity credits or energy attribute certificates.
THE WHY? Chanel said, “Conditions in certain markets, including South Korea, have meant that it has taken more time than expected to find the right solution to shift to renewable electricity. We remain confident of achieving our objective of 100% by 2025.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
