For the fourth year running, our Group has been recognized as a world leader in sustainability for our actions aimed at tackling climate change, deforestation, and water security.
CDP, a global non-profit organization (formerly known as the Carbon Disclosure Project), carries out an annual assessment of corporate environmental performances. Its ranking sets the gold standard for environmental transparency.
Recognized for the fourth consecutive year
For the fourth year in a row, our Group earned a place on the A list for the three environmental issues assessed by CDP, namely climate change, water security, and forests. Of the 8,400 businesses evaluated in 2019, L’Oréal is one of only 6 companies to score an A for the three themes, and the only company to have earned the triple A score four years running.
Scores are based on 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. Companies receive scores from A to D. To promote real transparency, firms that do not disclose or provide insufficient information are marked with an F.
Building an increasingly responsible and sustainable business model
We want to be an exemplary leader in the new sustainable economy. This score reflects longstanding actions conducted throughout the group to cut the carbon emissions generated by our production and facilities, enhance water stewardship, and tackle deforestation in our supply chain.
Commenting on the result, Jean-Paul Agon, Chairman and CEO of L’Oréal, said: “For many years now, we have been fully engaged in an in-depth transformation of our company towards an increasingly responsible and sustainable business model. This outstanding score is the result of the steadfast determination of our teams and the extremely ambitious objectives that we set in 2013, as part of our sustainable development program ‘Sharing Beauty With All.’ While we can be proud of this exceptional performance, we know that we cannot rest on our laurels. We will pursue our efforts and reduce our environmental impact according to what scientific experts demand, and what our planet needs. It is a moral imperative and the condition inherent to our company’s long-term success.”
Paul Simpson, CEO of CDP, said: “Congratulations to the companies that achieved a position on CDP’s A List this year, for leading in environmental performance and transparency. The scale of the business risks from the climate emergency, deforestation, and water insecurity are vast – as are the opportunities from addressing them – and it’s clear the private sector has a vital role to play at this critical time. The A List companies are leading the market in corporate sustainability, tackling environmental risks, and setting themselves up to thrive in tomorrow’s economy.”
Find out more about our social and environmental commitments in the 2019 Sharing Beauty With All Progress Report.