L’Oréal recognised by the CDP as a leading company in fighting climate change
Clichy, 4 November 2015 – For the third year in a row, L’Oréal has been recognised as a global leader for its climate change mitigation strategy in the annual CDP (Carbon Disclosure Project) ranking. The CDP is the only not-for-profit organization to provide a global system that measures and discloses environmental information that evaluates both the performance and the transparency of company’s climate change mitigation strategies. L’Oréal has been given an “A” ranking, the highest level of performance on the Climate Disclosure Leadership Index (CDLI), for its management of its carbon footprint and its climate change strategy, as well as a score of 99/100 for the transparency of its policies. “Three weeks before the COP21, we are very proud of this recognition. It encourages us to go further in order to make significant contributions to the transition to a low carbon economy”, said Jean-Paul Agon, Chairman and CEO of L’Oreal. “We believe that economic performance and social and environmental responsibility go hand in hand”. L’Oréal has commited to a 60% reduction of the CO2 emissions from its production by 2020, calculated in absolute terms using a 2005 baseline. L’Oréal had already achieved a key milestone at the end of 2014: the Group reduced the CO2 emissions of its operations by 50% between 2005 and 2015, despite a 22% increase in production over the same period. This achievement is due to an ambitious strategy of improving energy efficiency across facilities, increasing the use of renewable energy, and developing low carbon innovations. L’Oréal has been a member of the CDP since 2002. In 2007, L’Oréal joined the CDP’s Supply Chain Program to encourage its suppliers to measure and manage their CO2 emissions, an essential part of taking action effectively on the entire value chain and encouraging exchanges of best practices.
L’Oréal has devoted itself to beauty for over 105 years. With its unique portfolio of 32 international, diverse and complementary brands, the Group generated sales amounting to 22.5 billion euros in 2014 and employs 78,600 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 styling salons, travel retail and branded retail. Research and innovation, and a dedicated research team of 3,700 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world and attract one billion new consumers in the years to come. L’Oréal’s new sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain. www.loreal.com
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 822 institutional investors with assets of over €86 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. More than 5,500 companies worldwide, of which nearly 1,800 in Europe, disclosed environmental information through CDP in 2015. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net/europe or follow us @CDP to find out more.