L'Oréal's AAA score highlights "Sharing Beauty With All" sustainability commitments
Clichy, 21 November 2017 - During the CDP ceremony awards gathering high-level climate and economic decision-makers in Brussels, L'Oréal was one of only two companies in the world to score an A for all three of CDP's programmes (climate, water and forests) in recognition of L'Oréal's impressive actions to cut carbon emissions, enhance water stewardship, tackle deforestation in its supply chain and lead the new sustainable economy.
L'Oréal's AAA score highlights the Group's early commitment to sustainability and progress made since the launch of its "Sharing Beauty With All" programme in 2013. Integrated in L'Oréal's entire value chain, "Sharing Beauty With All" sets forth the Group's commitments in terms of sustainable development by 2020 and addresses all its impacts, from the products' conception to their distribution, including production process and sourcing of ingredients.
Upon receiving the CDP award in Brussels, Jean-Paul Agon, Chairman and CEO of L'Oréal, said:
"We are honored to be, for the second year in a row, one of only two companies in the world to receive an AAA rating. Our environmental, social, societal actions must do good wherever we operate. I believe that companies are a force of transformation and as such, must commit to fight climate change alongside cities and states. Businesses and governments both have a responsibility and interest to act on climate change and for this reason, we must do everything we can to drive this momentum."
L'Oréal's "Sharing Beauty With All" programme builds on four pillars:
- Innovating sustainably, to reduce the environmental footprint of products and formulas;
- Producing sustainably, to reduce the environmental footprint of plants and distribution centres;
- Living sustainably, giving consumers the possibility to make sustainable consumption choices;
- Sharing growth with all the Group's stakeholders: communities, suppliers and employees.
Full programme available here https://sharingbeautywithall.loreal.com/
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. The A-List (for climate, water and forests) and full company scores are available on CDP's website: https://www.cdp.net/en/scores-2017
L'Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 34 diverse and complementary brands, the Group generated sales amounting to 25.8 billion euros in 2016 and employs 89,300 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 salons, travel retail, branded retail and e-commerce.
Research and innovation, and a dedicated research team of 3,870 people, are at the core of L'Oréal's strategy, working to meet beauty aspirations all over the world. L'Oréal's sustainability commitment for 2020 "Sharing Beauty With All" sets out ambitious sustainable development objectives across the Group's value chain.
For more information: http://mediaroom.loreal.com/en/
"This news release does not constitute an offer to sell, or a solicitation of an offer to buy L'Oréal shares. If you wish to obtain more comprehensive information about L'Oréal, please refer to the public documents registered in France with the Autorité des Marchés Financiers, also available in English on our Internet site www.loreal-finance.com.
This news release may contain some forward-looking statements. Although the Company considers that these statements are based on reasonable hypotheses at the date of publication of this release, they are by their nature subject to risks and uncertainties which could cause actual results to differ materially from those indicated or projected in these statements."
News release of 24 October 2017: "L'Oréal recognised for leadership on environmental action"
Contacts at L'Oréal
Individual shareholders and market authorities
Mr Jean Régis CAROF
Tel.: +33 1 47 56 83 02
Financial analysts and institutional investors
Mrs Françoise LAUVIN
Tel.: +33 1 47 56 86 82
Mrs Stephanie CARSON-PARKER
Tel.: +33 1 47 56 76 71
Tel.: +33 1 47 56 70 00