Clichy, 20September 2021 –
L’Oréal has been confirmed today, for the 7th year, as a United
Nations Global Compact LEAD company, for its ongoing commitment to the
for responsible business and for placing the United Nation’s Sustainable
Development Goals (SDGs) at the core of its growth strategy.
Through this recognition, L’Oréal was identified as being among the most
highly engaged participants in the United Nations Global Compact (UNGC), a
call to companies to align strategies and operations with principles on
human rights, labor, environment and anti-corruption and take actions that
advance societal goals. L’Oréal has been a member of the UNGC since 2003.
“Businesses can and should be a force for good. Increasingly, companies
are understanding that it will not be possible to thrive in a society
that is not inclusive or sustainable”,
Alexandra Palt, Executive Vice President, L’Oréal Chief Corporate
Responsibility Officer and Executive Vice-President of the Fondation
“The UN Global Compact’s recognition confirms L’Oréal’s longstanding
commitments and efforts to help protect human rights, provide decent
working conditions throughout its value chain and tackle urgent
environmental challenges such as climate change and biodiversity loss.
We have made significant progress, but we won’t stop here. We have just
ten years before us to show that change is possible.”
Sanda Ojiambo, CEO and Executive Director of the UN Global Compact
, said, “
LEAD companies represent the highest level of engagement with the UN
Global Compact. More than ever before, the world needs businesses of
all sizes - like the ones announced as LEAD today - that continuously
work to improve their sustainability performance and take action to
build a better world.”
Through its sustainability program, its strong commitment to ethics, its
policy of promoting diversity and inclusion, and its philanthropic
activities (conducted with the support of the Fondation L’Oréal and by its
brands), L’Oréal contributes to 16 of the 17 Sustainable Development Goals
defined by the United Nations in 2015.
Its vision for the upcoming decade is one of a company whose activities are
respectful of the Planetary Boundaries, and which takes on greater
responsibility to help address some of today’s most pressing environmental
and social challenges.
Amongst other commitments, the Group has pledged for 2030:
• to align with the 1.5°C scenario, reducing its greenhouse gas emissions
of all scopes by 50% per finished product (25% in absolute terms). The
Group is reiterating this commitment today, as a partner of the New York
• to help restore one million hectares of degraded ecosystems thanks to the
L’Oréal Fund for Nature Regeneration, a 50 million euro impact investing
• to help 100,0000 people from disadvantaged communities gain access to
• to pay at least a living wage to 100% of its strategic suppliers’
employees, covering their basic needs and those of their dependents. The
Group is a member of Business for Inclusive Growth as well as the UN Global
Compact Decent Work in Global Supply chains Action Platform. It is working
with a number of other companies to cascade the living wage approach
throughout worldwide value chains and help raise living standards for as
many people as possible.
It is L’Oréal’s conviction that it will not be possible to have a strong,
functioning business in a world facing climate change and environmental
degradation, nor social unrest.
L’Oréal has devoted itself to beauty for over 100 years. With its
unique international portfolio of 35 diverse and complementary brands,
the Group generated sales amounting to 27.99 billion euros in 2020 and
employs 85,400 people worldwide. As the world’s leading beauty company,
L’Oréal is present across all distribution networks: mass market,
department stores, pharmacies and drugstores, hair salons, travel
retail, branded retail and e-commerce.
Research and innovation, and a dedicated research team of 4,000 people,
are at the core of L’Oréal’s strategy, working to meet beauty
aspirations all over the world. L’Oréal sets out ambitious sustainable
development goals across the Group for 2030 and aims to empower its
ecosystem for a more inclusive and sustainable society.
More information : www.loreal.com/en/mediaroom/
About L'Oréal for the Future
L’Oréal’s second sustainability program, L’Oréal for the Future, was
launched in June 2020. Building on tangible results, the Group is
committing to operate within the limits of the planet and to adapt to
what it can withstand, as defined by environmental science. L’Oréal is
implementing a new internal transformation program, with quantifiable
objectives, to limit the impact of all its activities on climate,
water, biodiversity and natural resources. These new targets will not
only focus on the Group’s direct impact but also tackle its extended
impact, related to the activity of its suppliers and the use of
products by its consumers.
On climate, L’Oréal’s overarching 2030 objective is to reduce its
greenhouse gas emissions of all scopes by 50% per finished product. As
a member of the ‘Business Ambition for 1.5°C’ initiative, the Group has
also committed to net zero emissions by 2050. By 2025, all its sites
will have achieved carbon neutrality. Among other strategic
commitments, L’Oréal has also committed to recycling and reusing in a
loop 100% of the water used in its industrial processes by 2030, and
100% of biobased ingredients for formulas and materials for packaging
will be traceable and will come from sustainable sources by the end of
the decade, none will be linked to deforestation.
To address some of the most pressing environmental and social
challenges facing the world, L’Oréal is also allocating 100 million
euros to impact investing dedicated to the regeneration of nature and
the development of the circular economy, and 50 million euros to a
charitable endowment fund to support highly vulnerable women.
Find out more about L’Oréal for the Future : www.loreal.com/en/commitments - and - responsibilities/for - the - planet/