L’Oreal’s corporate sustainability efforts and profile sees it win a spot on this year’s A list for climate, water and forests, the company says.
“CDP publishes A-D scores across climate, water and forests for over 3,000 major corporates, with the leaders celebrated on the prestigious A List,” L’Oreal explained in a statement.
“This is the first year that the non-profit has announced company scores across all three areas simultaneously, reflecting a holistic approach to corporate sustainability.”
The global beauty giant notes that it is one of just two companies globally which has successfully gained an A rating across all of the three CDP programmes.
L’Oreal says this is in recognition of its impressive actions in the last reporting year to cut carbon emissions, enhance water stewardship, tackle deforestation in its supply chain and lead the new sustainable economy.
The 2017 A List is comprised of 160 global companies, recognized by the CDP with an A for their action either on climate, water or forest, and has been produced at the request of 827 investors with assets of over US$100 trillion.
Thousands of companies submit annual environmental disclosures to CDP for independent assessment against its scoring methodology.
Jean-Paul Agon, CEO, notes that L’Oreal’s recognition comes in response to proactive efforts on the company’s part to develop its sustainability efforts.
“Halfway through our 2020 ambitions, L’Oréal has already undertaken an in-depth transformation in order to reach the ambitious targets set by ourselves on a wider scale, specifically on climate protection, sustainable water management and our fight against deforestation,” he notes. “This recognition is a great encouragement to go even further.”
L’Oréal’s sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain.