L’Oreal

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For The Planet

Global warming is accompanied by environmental changes that threaten potentially permanent degradation of human and natural habitats. Sea levels, melting glaciers, ocean warming and acidification as well as extreme weather events are on the rise. With higher stakes must come stronger commitments. This is the reason why L’Oréal has decided to take its efforts even further through a program called “L’Oréal for the Future”. Our commitments towards 2030 mark the beginning of a more radical transformation and embody our view as to what a company’s vision, purpose and responsibilities should be to meet the challenges facing the world. It is no longer enough for companies to reduce their environmental impact with objectives that are “self-set”. At L’Oréal, our commitment is to ensure that our activities are respectful of the so-called “Planetary Boundaries”, meaning what the planet can withstand, as defined by environmental science. In order to reconcile our needs with the preservation of a resource-limited planet, we are raising the bar and implementing a new internal transformation program. Unlike the first program, our new commitments will not just focus on our direct impact. They will also tackle our indirect, extended impact, related, for example, to the activity of our suppliers and the use of our products by consumers.

About L’Oreal

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L’Oreal Sustainability Actions

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Contributing to solving the challenges of the world

Over the past years, expectations as to what the role of companies should be have changed dramatically. At L’Oréal, we want to take on greater responsibility, go beyond the mere transformation of our business model. With our new sustainability program, we want to demonstrate that companies can be part of the solution to some of today’s most pressing environmental and social challenges. For this reason, we are allocating 100 million euros to impact investing dedicated to the regeneration of ecosystems and the development of the circular economy, and 50 million euros to a charitable endowment fund to support highly vulnerable women.

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About L’Oréal’s sustainability commitments: we are not starting from scratch

Very early on, L’Oréal became aware of the need to respond to environmental challenges. As an industrial company, it decided that tackling the environmental impact of its factories and distribution centers was the most obvious first step, and a necessary one, to begin its transformation process. This first phase is nearly completed. Since 2005, the Group has reduced the CO2 emissions of its plants and distribution centers by 78% in absolute terms, exceeding its initial target of 60% by 2020, while production volume increased by 37% over the same period. At the end of 2019, L’Oréal had 35 carbon neutral sites (meaning they use 100% renewable energy), including 14 factories.

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Sharing Beauty with All

In 2013, L’Oréal decided to address the core of its activity: the development of beauty products, its global sustainability program “Sharing Beauty With All’, announcing tangible sustainability goals towards 2020. At its core laid an innovative tool known as SPOT (for Sustainable Product Optimization Tool), made to assess and improve the environmental and social performance of products across all brands. Sustainability is fully integrated into the design process of the Group’s new products, from the earliest stages. In 2019, 85% of L'Oréal's new or renovated products had an improved environmental and social profile. By end of 2019, L’Oréal had helped 90,635 people from disadvantaged communities find employment through its solidarity purchasing and inclusion programs. L’Oréal is the only company in the world to have achieved an “A” score in all three CDP rankings - climate protection, water management, forest preservation - for 4 years in a row.

L’Oreal Sustainability Commitments

2025

Preserving Natural Resources

By 2025, 100% of our plastic packaging will be refillable, reusable, recyclable or compostable. By 2025, 100% of our new displays will be eco-designed, taking into account circular economy principles for end of life management and 100% of our new Free Standing Stores will be designed and build following our sustainability principles.

2030

Fighting Climate Change

By 2025, all of our sites will have achieved carbon neutrality by improving energy efficiency and using 100% renewable energy. By 2030, we will innovate to enable our consumers to reduce the CO2 emissions resulting from the use of our products by 25% compared to 2016, on average and per finished product. By 2030, we will reduce by 50% on average and per finished product, the greenhouse gas emissions linked to the transport of our products, compared to 2016. By 2030, our strategic suppliers will reduce their direct emissions (scopes 1 and 2), by 50% in absolute terms, compared to 2016.

2030

Managing Water Sustainably

By 2030, we will evaluate all our formulas thanks to our environmental test platform, to guarantee they are respectful of all aquatic ecosystems, whether continental or coastal. By 2030, we will innovate to enable our consumers to reduce the CO2 emissions resulting from the use of our products by 25% compared to 2016, on average and per finished product. In 2030, 100% of the water used in our industrial processes will be recycled and reused in a loop. In 2030, all our strategic suppliers will use water sustainably in the areas where they operate.

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This information was sourced from https://www.loreal.com/en/commitments-and-responsibilities/for-the-planet/ and is accurate as of 22/11/2020. Is this your business? Suggest an edit