L’Oréal has launched its new sustainability programme “L’Oréal For the Future”, laying down the group’s latest set of ambitions for 2030, including a pledge to make all its sites carbon-neutral by 2025.
“The challenges the planet is facing are unprecedented, and it is essential to accelerate our efforts to preserve a safe operating space for humanity,” said Jean-Paul Agon, Chairman and CEO of L’Oréal. “The biggest challenges remain to come, and L’Oréal will stay faithful to its ambition: operate within the limits of the planet.”
Alexandra Palt, L’Oréal Chief Corporate Responsibility Officer added: “The group has defined new quantifiable targets for 2030 to fight climate change and addressing three other major environmental issues: preservation of biodiversity, sustainable water management and circular use of resources.
“To ensure its business is respectful of a resource-limited planet, and fair for the communities it works with, L’Oréal will not only continue to reduce its direct environmental impacts, but also reduce the impacts of its entire activity including those of its suppliers and consumers. “With our new commitments, we are entering a new phase of acceleration of that transformation: going beyond our direct environmental impact, helping consumers to make more sustainable choices, as well as generating positive social and environmental contribution. As an industry leader, we consider that it is our role to contribute to building an inclusive and sustainable society.”
L’Oréal announced in May that it would allocate €150million to address urgent social and environmental issues: Of this, €100m will be invested in tackling key environmental challenges, while €50m will be used to finance damaged natural marine and forest ecosystems restoration projects through a fund called the L’Oréal Fund for Nature Regeneration, to be operated by Mirova, an affiliate of Natixis Investment Managers, dedicated to impact investing.