2024 universal registration document

4.6.3.3.2 Reusing and recycling waste

To target 100% material recovery from waste through reuse and recycling by 2030, L'Oréal has set up:

• waste mapping to identify material recovery opportunities;
• employee training and awareness raising on the need to sort waste at source;
• resource preservation measures, by seeking out reusable or recyclable alternatives;
• partnerships with waste treatment companies to jointly develop recycling solutions for unmarketable products; and
• industrial sludge management under a Group procedure for determining alternative material recovery options.

The 100% reuse and recycling goal is part of the Group's overall circular economy approach, which promotes local waste treatment to reduce environmental impact and create synergies with other local organisations.

4.6.3.3.3 Achieving the "zero waste to landfill” objective

Since 2017, L'Oréal has been pursuing the ambition of "zero waste to landfill” for all its sites (unless required by regulation). The Group works with specialist firms and local authorities to identify the best waste treatment solutions. In countries where landfill is required by law, or where the type of waste in question must be stored in landfill, the Group strives to reduce the quantities involved to the extent possible. L'Oréal monitors regulatory constraints very closely and action plans are in place aimed at achieving zero waste to landfill as quickly as possible.

4.6.3.3.4 Accelerating development of the circular economy

L'Oréal is actively committed to developing the circular economy through:

• the Circular Innovation Fund (CIF): conscious of the growing pressure on natural resources and the global waste crisis, at the end of 2020 L'Oréal set up a global investment fund dedicated exclusively to the circular economy. It aims to finance companies that are innovating in the areas of recycling, plastic waste management and materials from the bioeconomy. The fundraising was completed at the end of 2023, with €111 million raised and 12 co-investors. As the primary sponsor of the CIF, L'Oréal is committed to investing a total budget of €50 million in this Fund;
• the fight against food waste: L’Oréal’s company restaurants donate surplus food to non-profits such as Restos du Cœur and Le Chaînon Manquant, with 4,420 meals donated in 2024 and 1,109 meals sold to Group employees via "too good to go" type platforms, helping to reduce food waste;
• awareness-raising and sustainable practices: L'Oréal promotes environmentally conscious eating practices to its employees in company restaurants, by recovering 100% of food waste and adapting the quantities served. For example, the Paris sites have launched initiatives to reduce the use of plastic and recover cooking oil by transforming it into biofuel, earning externalMon restau responsable certification.

4.6.4 Resource use and circular economy-related outcomes

4.6.4.1 Outcomes related to resource inflows (E5-4)