Walmart and Target have teamed up to improve sustainability in the personal care and beauty industry.
The two companies, along with nonprofit Forum for the Future, last week co-hosted the Beauty and Personal Care Products Sustainability Summit in Chicago. Representatives from suppliers including Procter & Gamble, Unilever, Estee Lauder and L’Oreal as well as retailers CVS, Walgreens and Ulta attended the event, which encouraged suppliers to be more transparent about products’ chemicals and to better define what constitutes a sustainable product, the StarTribune reports.
According to the newspaper Target and Walmart will discuss next steps in the coming days.
While the summit marks the retail giants’ first such collaboration, both Target and Walmart have individually taken steps to phase out hazardous chemicals in their consumer products.
In February, Walmart has informed dozens of product manufacturers throughout its supply chain that it is implementing its new chemicals policy that will phase out hazardous chemicals from its consumer products. Walmart announced the policy last year.
In late 2013, Target teamed up with Underwriters Laboratories’ product-rating website GoodGuide to rate the environmental impact and sustainability of thousands of products. Beginning in October 2013, Target asked vendors representing 7,500 products in household cleaners, personal care and beauty, and baby care to complete the UL Transparency Platform assessment.
Target said it would then assign each product in these categories up to 100 points based on the sustainability of ingredients, ingredient transparency and overall environmental impact.
Target said it will this year develop a standard for cosmetics and will begin assessing products in that category as well.