Over a year after the launch of the cosmetics maker’s campaign for sustainable development, the Group unveiled the first measured results of its efforts, revealing a reduction of CO2 emissions of the Group’s production by 50% in absolute terms, from a 2005 baseline.
Alexandra Palt, L’Oréal’s Chief Sustainability Officer, says: "The reduction of CO2 emissions of our production by 50% in absolute terms since 2005 was achieved while our production increased by 22% over the same period.”
“This result proves that performance and responsibility can go hand in hand."
Other achievements see 67% of new products screened having an improved environmental or social profile, and 54,000 jobs created for people from underprivileged communities in social or financial difficulty.
"We are particularly proud to unveil today these very encouraging results after making firm and quantified commitments towards sustainable development,” says Jean-Paul Agon, Chairman and CEO of L’Oréal.
“These results show that we can deliver significant and tangible results if we put sustainable development at the centre of Group strategy, as we have been doing with determination for several years. Companies have an important role to play in society, and L'Oréal intends to make a significant contribution."
The Sharing Beauty with All programme was launched on 23 October 2013, focusing on four areas of commitment for L'Oréal, completely integrated in its value chain:
• Sustainable innovation, to reduce the environmental footprint of its products and formulae;
• Sustainable production, to reduce greenhouse gas emissions, water consumption and waste generation;
• consumer behaviours, so they are better informed and aware of environmental impacts;
• sharing growth with employees, suppliers and communities.
L'Oréal is committed to present a yearly report with key performance indicators quantifying its progress in sustainable development as part of its ambitious Sharing Beauty with All programme for 2020.