Building on strong results, L’Oréal has decided to accelerate its efforts 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.
L'Oréal for the Future
A STRATEGY BUILT ON THREE PILLARS
Our sustainable development strategy is built on three pillars, with measurable, time-bound impact reduction targets to be achieved by 2030.
1. We are transforming ourselves to ensure our activities are respectful of planetary boundaries.
Scientists unanimously agree that crossing the so-called “planetary boundaries” will destroy humanity’s safe operating space. Our commitment is to ensure our activities are respectful of the planet’s boundaries and adapt to what the planet can withstand, as defined by environmental science. We are implementing a new internal transformation program, with quantifiable measures, to limit our impact on climate, water, biodiversity and natural resources.
2. We are empowering our business ecosystem, helping them transition to a more sustainable world.
We believe it is our responsibility to involve our customers, suppliers and consumers in our transformation process. We are making new commitments to ensure our suppliers’ sustainable development policies are as ambitious as our own, and are including the empowerment of the communities we interact with as a key objective for 2030. We are also launching an innovative environmental and social display mechanism, starting with our brand Garnier. This will allow our consumers to assess the impact of the products they buy and to make informed, sustainable purchasing decisions.
3. We are helping to address the challenges of the world, by supporting urgent social and environmental needs.
Beyond the mere transformation of our business model, we want to contribute to the environmental and social challenges the world is facing. As leader of the beauty industry, we must give back to society and fulfil our responsibilities. For this reason, L’Oréal is 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.
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, we decided that tackling the environmental impact of our factories and distribution centers was the most obvious first step, and a necessary one, to begin our transformation process. This first phase is nearly completed.
Progress Report 2019
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.
In 2013, we decided to address the core of our activity: the development of beauty products, through our 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.
By the end of 2019, 85% of our 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 the 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.