BIOECONOMY IN COSMETIC INDUSTRY CASE LUMENE BIOECONOMY SUMMIT WILD ARCTIC NATURE REFINED BY SCIENCE

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1 BIOECONOMY IN COSMETIC INDUSTRY CASE LUMENE BIOECONOMY SUMMIT

2 COSMETIC INDUSTRY AND BIOECONOMY 1) Green formulation and ingredients used in cosmetic industry (natural ingredients, synthetic, petrochemicals, animal based ingedients, minerals, ingrediens produced with biotehnology) 2) Ethical sourcing and biodiversity (social issues, CITES, GMO, Fair Trade, FairWild,origin of raw materials, traceability etc..) 3) Packaging 4) Safety & Quality (legislation, processing, purity, sensory properties) 5) Renewable energy and environmental impact (Carbondioxide and water footprints) 6) Water 7) Green standards & certification schemes in cosmetic industry 8) Green marketing issues and consumer behavior

3 LUMENE STORY THE HERITAGE One Foot In The Wild And One In The Laboratory It starts in the wild, with the resilient powers of Arctic ingredients. Using scientific expertise from our pharmaceutical roots, we then introduce nature to modern technology. Add inspiration from the pure beauty of the Finnish lake Lummenne and the Latin word lumen for light and our mission is simple. Lumene was created to combine the best of nature with the best of science to illuminate natural beauty in all.

4 LUMENE STORY OUR EXPERTICE Staying close to what we know With the wild Arctic ingredients growing in our own backyard, we have a deep understanding of their powers and how to benefit from them. Our passionate, local teams at our factory outside of Helsinki expertly enhance and transform each one into potent skincare and cosmetics.

5 WILD ARCTIC BERRIES OUR POWER & INSPIRATION Extreme arctic conditions & temperatures The harsh weather conditions along with long, light nights in the summer and dark, cold winters are thought to boost production of antioxidants in the berries. Temperature difference between day and night is also an essential factor. Summer night at Siilasjärvi, 11:52 PM Geographical variation the further north you go, the higher the content of anthocyans and flavonols. 1 The darker, the smaller, the better wild arctic berries are smaller than other berries giving a high skin-to-fruit ratio. Wild berries contain more antioxidants than the respective cultivated berries. 2 Sun sets in Utsjoki in November and returns mid-january 1 Lätti et al; J. Agric. Food Chem., 2010; 58, ; Lätti et al; J. Agric. Food Chem., 2008; 56, Halvorsen et al; J. Nutr., 2002; 132,

6 ARCTIC INGREDIENTS TRADITIONAL INGRED. - Strength of wild arctic berries & plants and use of their core ingredients - In most cases by products from other industries like food/forest ind. WAXES SEED OILS WATER/ GLYCOLIC/ EXTRACTS ALC. EXTRACTS FIBERS SEEDS CURRENT CHALLENGIES - Network and Cooperation - Processing core ingredients - Enhancing their power with biotechnology - Formulations - Safety and efficacy - Availability, logistic issues

7

8 EXTRACT, ENHANCE & INFUSE TRADITIONAL INGR. - Strength of wild arctic berries & plants and usege of their core elements. - Often developed from byproducts from food/forest industry WAXES SEED OILS WATER/ GLYCOLIC/ EXTRACTS ALC. EXTRACTS FIBERS SEEDS CURRENT CHALLENGIES: - Cooperation with different parties & wetwork - Processing of core ingredients - Enhancing their power with - Biotechnology (fermentation, bacterium) & development of cell cultures - Safety and Efficacy evaluation - Application in cosmetic products - Availability

9 CLOUDBERRY CELL CULTURE VTT and LUMENE Oy have cooperated in order to develop new biotechnological cosmetic ingredient. VTT has developed a cell culture technology that allows the stem cell preparation derived from Finnish cloudberries to be used in skin care products. Lumene has tested and evaluated the safety and efficacy of this ingredient and developed cosmetic formulations. One of LUMENE s skin care line that utilises the cloudberry cell culture is the first commercial one of its kind in the world.

10 THANK YOU!

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