1.4 2024 Financial Results and Corporate Social Responsibility commitments
1.4.2 L'Oréal for the Future programme initiated in 2020: 2024 results1.4.2 L'Oréal for the Future programme initiated in 2020: 2024 results
The following table summarises the objectives(1) for L’Oréal for the Future, the extent to which they were achieved in 2024 and a reminder of the results in 2023. Further information on the L’Oréal for the Future programme can be found in 4.1.2, particularly with regard to the work in progress for the 3rd era of objectives.
TRANSFORMING L'ORÉAL’S ACTIVITIES
| L'Oréal is aiming to : |
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| CLIMATE | CLIMATE L'Oréal is aiming to : Reduce Scopes 1 & 2 GHG emissions by 57% by 2030, compared with 2019. |
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Reduce Scope 3(2) GHG emissions by 28% by 2030, compared with 2019. |
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Reach 100% renewable energy at our operated sites(3) by 2025. |
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| WATER | WATER L'Oréal is aiming to : Evaluate all formulas using the environmental test platform by 2030, to guarantee they are respectful of all aquatic ecosystems, whether continental or coastal. |
WATER
As the methodology for calculating the comprehensive environmental assessment is currently being rolled out, L'Oréal gives an indicative average biodegradability rate(4) for its formulas of 82%. |
Innovate to enable consumers to reduce by 25% by 2030, on average and per finished product, the water consumption linked to the use of products, compared to 2017. |
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Use 100% recycled and reused water in industrial processes by 2030. |
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Ensure that all strategic suppliers use water responsibly in the areas where they operate by 2030. |
L'Oréal is aiming to : The methodology used to calculate this indicator is currently being rolled out in collaboration with the CDP. |
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| BIODIVERSITY | BIODIVERSITY L'Oréal is aiming to : Guarantee that 100% of ingredients in formulas and biobased packaging materials are traceable and come from sustainable sources by 2030. |
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Maintain the total land cover required to produce ingredients at the same level as in 2019 by 2030. |
L'Oréal is aiming to : The calculation methodology for this indicator is in the process of being rolled out. |
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Ensure that all industrial sites and buildings operated by L’Oréal have a positive impact on biodiversity, compared to 2019(5) by 2030. |
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- These objectives are presented by L'Oréal on a voluntary basis and do not result from any legal obligations. These targets may be re-evaluated to meet evolving requirements. L'Oréal's ambition is to focus its efforts on the most important and strategic issues, in line with the results of the double materiality analysis carried out in 2024, and to adjust actions and/or targets according to progress made and persistent challenges.
- On purchases of goods and services by the Group, business travel, upstream transportation and distribution.
- Operated sites, excluding safety and security equipment.
- The biodegradability of formulas (excluding make-up) is calculated using OECD 301 methodology or a methodology based on an equivalent ISO standard.
- The positive impact on biodiversity is measured by the increase in an internal score (site biodiversity score) as well as a site reaching a 5/5 biodiversity culture level.