Social & environmental performance

2023 was the third year of implementation for L’Oréal for the Future, the Group’s sustainability programme for 2030.

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L’Oréal for the Future

For many years now, L’Oréal has been working to reduce its impact on the environment and make a positive contribution to society. Building on its belief that financial performance goes hand in hand with environmental, societal and social performance, the Group renewed its commitment in 2020 by launching L’Oréal for the Future.

The programme outlines the sustainable transformation L’Oréal aims to complete by 2030 and embodies the three facets of the Group’s corporate responsibility goals:

  • Reducing our impact on the climate, water, biodiversity and resources.
  • Empowering our ecosystem to be a part of the transformation by encouraging our partners, our consumers and our industry to become agents for change.
  • Contributing to solving the environmental and social challenges facing the world.

2023 results and future goals

Transforming our business

  • By 2025, we will reach 100% renewable energy for our operated sites.

     2023 results : 91%, 2030 goals : 100%

  • By 2030, we will reduce by 50% on average and per finished product the greenhouse gas emissions linked to the transport of our products, compared to 2016.

     2023 results : -9,7%, 2030 goals : -50%

  • By 2030, all our factories will use 100% recycled and reused water in their industrial processes.

     2023 results : 14% //% of our factories that are Waterloop factories.//, 2030 goals : 100%

  • By 2030, 100% of the biobased ingredients for formulas will be traceable and will come from sustainable sources; with none linked to deforestation.

     2023 results : 93%, 2030 goals : 100%

  • By 2030, 95% of our ingredients in formulas will be biobased, derived from abundant minerals or from circular processes.

     2023 results : 65%, 2030 goals : 95%

  • By 2030, 100% of the plastic used in our packaging will be either from recycled or biobased sources (we will reach 50% by 2025).

     2023 results : 32%, 2030 goals : 100%

  • By 2030, 100% of the waste generated at our industrial sites will be recycled or reused.

     2023 results : 61%, 2030 goals : 100%

Empowering our business ecosystem

  • By 2030, three million people will benefit from our brands’ social engagement programmes. Following the achievement of this objective in 2023, a new objective has been set for 2024: 2 million people will benefit each year.

     2023 results : > 4 million //Over 7 million since 2020//, 2030 goals : 3 M

  • By 2030, we will help 100,000 people from disadvantaged communities gain access to employment.

     2023 results : 37,284, 2030 goals : 100,000

Contributing to solving the challenges of the world

  • By 2026, we will have allocated 80 million euros to support the most vulnerable women via the L’Oréal for Women fund.
    We provided direct assistance to 1.5 million women and girls within their communities.

     2023 results : €55m, 2026 goals : €80m

Read more

For full 2023 results for L’Oréal for the Future, see chapter 1.4.2 of our 2023 Universal Registration Document, accessible via the ‘Discover our publications’ link at the bottom of this page.

Distinctions

  • CDP: AAA for eight years in a row

    L’Oréal is a global leader in sustainable development thanks to our efforts to tackle climate change, protect forests and ensure sustainable water management.

  • S&P Global Ratings: ESG Evaluation of 85/100

    The ESG Evaluation reflects the Group’s ability to deliver a strong ESG performance thanks to our leadership’s commitment to an ambitious sustainability strategy.

  • EcoVadis: 83/100 – Platinum medal

    The Group earned a Platinum medal from EcoVadis for the second year running. As part of the top 1% of companies assessed by the agency, L’Oréal received recognition for its extra-financial performance in four main areas: Ethics, Environment, Labour & Human Rights, and Sustainable Procurement.

  • Ethisphere: 14th year

    In 2023, L’Oréal was named one of the world’s most ethical companies for the 14th time. This means the Group is among the companies with the most advanced ethical business practices.

  • Bloomberg Gender-Equality Index

    L’Oréal was listed for the sixth consecutive year in the Bloomberg Gender‑Equality Index, which includes 484 companies across 54 industries with headquarters in 45 different countries.

  • Universum: Top 10 for the fourth year in a row

    In 2023, business students ranked L’Oréal the eighth most attractive employer worldwide. The Group is the first EU multinational to feature in the ranking.

Highlights

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