Sustainability commitments are at the heart of our partnerships with suppliers and are an essential part of our extra-financial performance.
In this regard, sustainability commitments play a significant role in the choice of the Group’s business partners.
More broadly, suppliers are assessed and chosen on five essential pillars of performance: Quality, Corporate Social & Environmental Responsibility, Innovation, Supply Chain & Service, Competitiveness by L’Oréal’s purchasing teams.
These five pillars form the basis, both for daily and long-term performance and strategy. A global scorecard has been deployed for all purchasing fields and makes it possible to precisely measure suppliers’ results, in their compliance with their environmental and societal commitments.
Each of the five pillars is as important in the final assessment of suppliers with a weighting of 20% each. As for Solidarity Sourcing, it represents 25% of the Sustainability pillar.
The sustainability strategy and action plans of L’Oréal’s suppliers are fully integrated into their relationship with L’Oréal, in this regard, business review meetings are an opportunity to address this essential commitment. Furthermore, to facilitate the deployment of inclusive projects for its suppliers, L’Oréal has developed the Solidarity Sourcing hands-on guide.