The Estée Lauder Cos. Inc. has made a $2 million grant to Doctors Without Borders/Médecins Sans Frontières, to support the organization’s work in response to coronavirus in under-resourced and highly impacted countries.
The beauty giant has also made a grant to support the establishment of the $75 million NYC COVID-19 Response & Impact Fund, administered by the New York Community Trust, which will support New York City-based social services and cultural organizations that have been affected by the public health crisis.
“We are continually assessing ways to support our employees and communities,” said Nancy Mahon, senior vice president of corporate citizenship and sustainability. “It will take collective action to provide the necessary support and relief needed during these uncertain times.”
In a letter to employees, chairman of the board William Lauder and chief executive officer Fabrizio Freda said they would be unveiling broader initiatives in the days ahead, and noted that despite the pandemic, the global team is continuing to keep the business moving, noting that enhanced hygiene and cleansing protocols, social distancing and alternating shifts have been implemented in workplaces where working from home is not possible.
Last week, the company said it was withdrawing guidance because of the severity of the COVID-19 pandemic. In the letter, Lauder and Freda struck a cautiously optimistic tone, noting, “We are grateful to our teams in China and APAC who so very adroitly set great guidance from the onset, and we continue to learn from every region and affiliate. We now take great reassurance from China as they begin to show signs of recovery.”
China accounts for almost 20 percent of Lauder’s sales.
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