At L’Oréal, we have long been committed to making a positive contribution to society but the time has come to accelerate our efforts. We want to demonstrate that companies can be part of the solution to the challenges the world is facing and, to do so, we are allocating 150 million euros to address urgent social and environmental needs.
On the social level, we are creating a 50 million euro charitable endowment fund to support on the ground organizations and local charities helping highly vulnerable women.
On the environmental level, we are dedicating 100 million euros to impact investing.
Today our societies are facing social crises giving rise to situations of great human suffering, particularly for the most vulnerable.
At the same time, we are fully aware that environmental challenges are increasingly pressing. It is essential not to step back from the sustainable transformation that the world needs.
We, therefore, wish to reaffirm our commitment to the environment and to the preservation of biodiversity and to help mitigate the social crisis for women.
These two causes reflect the values and the historic commitment of L’Oréal.
Chairman and Chief Executive Officer
The L’Oréal Fund for Nature Regeneration
We believe reducing our impact is necessary, but insufficient and that the damage that has already been done needs to be repaired. To help tackle this problem, we want to go beyond our efforts to reduce our impact on biodiversity across our value chain and contribute to repairing natural ecosystems. This is why we are creating the L’Oréal Fund for Nature Regeneration.
As a 50 million euro impact investment fund, it will simultaneously generate positive social and environmental impact as well as economic returns with a single purpose: to support projects restoring degraded marine and terrestrial habitats. More specifically, the portfolio will include projects that support the restoration of degraded land, the regeneration of mangroves as well the restoration of marine areas and forests.
Beyond ecological restoration, these projects will also help address the social needs of surrounding communities through the development of sustainable livelihood opportunities (sustainable agriculture and fisheries, ecotourism, commercialization of carbon credits). They will live in a healthier environment, enjoy new economic opportunities and enhanced resilience to climate change.
By 2030, the L’Oréal Fund for Nature Regeneration will have invested 50 million euros to help regenerate nature.
By 2030, the Fund for will have helped restore 1 million hectares of degraded ecosystems
By 2030, the Fund will have helped capture 15 to 20 million tons of CO2 emissions and we will have created hundreds of job opportunities
Taking our commitment to promote a circular economy to a new level
Conscious of the urgent need to reduce plastic pollution, one of today’s most pressing environmental issues, we are continuing our efforts to reduce single-use plastics and plastic waste.
To do this, we are creating a 50 million euro fund that will finance innovative projects in the field of recycling and the management of plastic waste.
We are aiming for breakthroughs: our ambition is to accelerate the development of innovative, responsible solutions and the creation of new business models that will help promote a more circular economy.