2024 universal registration document

1.3 Value-creating model

1. Presentation of the Group – Integrated Report

1.3 Value-creating model

1.3 Value-creating model

1.3.1 Business model CSRD(1)

The Beauty Industry
Outlook and challenges

A resilient, growing market

Beauty is an essential need for humanity

Increasing demand from the middle classes in emerging countries

Premiumisation of beauty

Increasing digitalisation towards the provision of personalised, connected and shared beauty solutions

Sustainability matters

Need for an ecological and inclusive transition in the context of limited natural resources and climate change

Consumer orientation towards more sustainable choices

Responsible marketing and advertising

Impacts, risks and opportunities

(see materiality assessment in section 4.1.3)