Clichy, 3rd February 2020 - For the 4th year in a row, L’Oréal has been highlighted as a world leader in corporate sustainability by the international non-profit organisation CDP, whose annual environmental disclosure and scoring process is recognised as the gold standard of corporate environmental transparency.
The Group achieved a place on the ‘A’ List for all three environmental issues covered by CDP scores: climate change, water security and forests. Among the 8,400 businesses evaluated, L’Oréal is one of only 6 companies to score an ‘A’ for the three themes this year, and is the only company to have achieved this triple ‘A’ score, four years running.
This is in recognition of L’Oréal’s ambitious and longstanding actions to cut carbon emissions, tackle deforestation in its supply chain, enhance water stewardship, and become an exemplary leader in the new sustainable economy.
Jean-Paul Agon, Chairman and CEO of L’Oréal, said: “We are absolutely thrilled to become the only company to have been awarded, for four years in a row, an A score for all three CDP rankings.
For many years now, we have been fully engaged in an in-depth transformation of our company towards an increasingly more 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 programme ‘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 longterm 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”.
This year, over 8,400 companies answered the questionnaire and disclosed data to CDP for independent assessment against its scoring methodology. Companies receive scores 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 do not disclose or provide insufficient information are marked with an F.
For more information: https://www.cdp.net/en/companies/companies-scores
L’Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 36 diverse and complementary brands, the Group generated sales amounting to 29.87 billion euros in 2019 and employs 88,000 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 4,100 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: https://mediaroom.loreal.com/
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