Of the past few years we've been keeping an eye out on the sustainability trends in cosmetics, as demand for more sustainable products is growing. There is also more pressure for the cosmetics industry due to updates in regulations. In December we already told you about the United Nations’s Nagoya Protocol on Access and Benefit Sharing (ABS). The Union Of Ethical BioTrade just recently announced that they have certified their first two customers ensuring ABS compliance.
In 1992, 150 nations signed the Convention on Biological Diversity (CBD) at the Rio Earth Summit. Then, in 2014, the United Nations’s Nagoya Protocol on Access and Benefit Sharing (ABS) entered into force as a supplementary agreement to the CBD. The objective of the Nagoya Protocol is to help conserve our biodiversity by sharing the benefits from its utilization in a fair and equitable way. The protocol allows for the tracking of genetic resources such as active ingredients used in R&D from provider to user all the way to innovation and potential commercialization. 104 countries have ratified the Nagoya Protocol, and so far there are more than 15 country-specific regulations, including the EU 511/2014 due diligence regulation.