L’ORÉAL has been identified as a global leader in corporate sustainability and awarded a position on this year’s A List for climate, water and forests by number one climate research provider CDP. The company’s sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain.
Company targets for corporate sustainability
A–D scores are published by CDP across climate, water and forests for over 3,000 major corporates, with the leaders celebrated on the prestigious A-List. 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.
By 2020, L’ORÉAL wants 100% of its products to have an improved environmental or social profile.
L’ORÉAL is one of only two companies to score an A for all three of CDP’s programs. 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.
L’Oréal has already undertaken an in-depth transformation in order to reach the ambitious [2020] targets set by ourselves on a wider scale, specifically on climate protection, sustainable water management and our fight against deforestation.
—Jean-Paul Agon, Chairman and CEO of L’ORÉAL
L’ORÉAL’s sustainability commitment report shows the company’s ongoing efforts to reduce the environmental footprint of formulas; respect biodiversity; optimise packaging; and achieve zero deforestation.
More companies striving for CDP A-List
The 2017-List comprises 160 global companies, recognised by the CDP for their action either on climate, water or forests, 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.
It’s inspiring to see so many taking bold action to mitigate environmental risks and grasp the opportunities that come with the transition to a sustainable economy.
—Paul Dickinson, Executive Chair of CDP
The scores are released on the same day as CDP’s second annual analysis in the series: Tracking progress on corporate climate action. This year’s assessment reveals that more companies are setting increasingly ambitious and longer-term climate targets, while the transition to a low-carbon economy is also driving product innovation and the uptake of new tools for change.
Only five other companies made the A-List for forest initiatives, and these include Brambles, TETRA PAK and Unilever.
Congratulations to L’ORÉAL for making the (environmental) triple A-List!
Ensuring a deforestation-free and sustainable palm production (Credit/L’OREAL)
Written By: Adriane Rysz