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L’Oréal Recognized as a Supplier Engagement Leader for 6th Consecutive Year by CDP

 

On March 6, 2024, the L’Oréal Groupe was recognized as a Supplier Engagement Leader by global environmental non-profit CDP. This recognition pays tribute to the commitment of over 450 companies to address climate change within their supply chain.

L'Oréal has once again been acclaimed for its position as a global leader in tackling climate change, protecting forests, and ensuring water safety by the international non-profit organization CDP. The Group achieves, for the 8th consecutive year, a triple ‘A’. 
The CDP is a global not-for-profit organization that assesses companies' actions to tackle climate change, preserve forests, and manage water sustainably, using a methodology that is internationally recognized. Companies are scored from A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks, and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provide insufficient information receive an F. 

In 2023, a record 21,000 companies submitted their environmental performance to the CDP, and only 10 of them were named to the CDP's triple ‘A’ list. Among these companies, L'Oréal is the only one to have received a triple ‘A’ for the 8th year running. This recognition highlights the sustainable transformation undertaken by L'Oréal and its ambitious targets for 2030 as part of our sustainability program, L'Oréal for the Future. This program is built on three pillars: transforming ourselves, empowering our business ecosystem, and contributing to solving global challenges, across specific commitments to tackle climate change, manage water sustainably, respect biodiversity, and preserve natural resources. 

 
Nicolas Hieronimus, CEO of the L’Oréal Groupe, commented: “For L'Oréal, it is both a great honor and a source of immense pride to have maintained a triple 'A' rating for the eighth consecutive year. I view this achievement as an encouragement to persist in the efforts we initiated as the world leader in beauty when we made the pivotal decision to profoundly transform our business in accordance with what the latest climate science requires. This transformation is based on ambitious targets for 2030. Significant milestones have already been reached thanks to the dedication of all L'Oréal teams under the visionary leadership of Alexandra PALT, our Chief CSR Officer, and the close collaboration with our entire ecosystem. Considering the magnitude of the social and environmental challenges before us, the only viable response is a collective one, and we are committed to actively contribute to this shared effort.”   

L’Oréal for the Future, our sustainability commitments for 2030

As part of our L’Oréal for the Future objectives, we are committed to supporting our strategic suppliers in reducing their greenhouse gas emissions by 50% between 2016 and 2030 (Scopes 1 and 2). The L'Oréal Groupe has defined a methodology to mobilize suppliers according to their emissions contributions and to work with them to manage their emissions performance

For the 8th year in a row, the L’Oréal Groupe has been recognized for its environmental transparency and leadership by CDP.

To find out more, read our article “The L'Oréal Groupe is recognized with a triple ‘A’ score for the eighth consecutive year for environmental leadership on climate change, forests and water security”

Each year, the L’Oréal Groupe runs numerous global webinars to share its sustainable development ambitions, introduce L’Oréal for the Future to a wider audience and disseminate its action plans. The Group has also set up a platform dedicated to sharing good practice with suppliers, highlighting solutions, impacts and key success factors.

Discover Our commitments for a more sustainable world

   

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