NEWS
L’ORÉAL AND VERILY LAUNCH WORLD’S LARGEST AND MOST DIVERSE SKIN AND HAIR HEALTH STUDY
L’Oréal and Verily, an Alphabet precision health tech company, are collaborating on My Skin & Hair Journey, a multi-year study that will help researchers better understand the biological, clinical and environmental factors that contribute to skin and hair health over time. The study will enroll thousands of women aged 18-70 in the United States from various ethnic and social backgrounds with diverse skin and hair types. It is the first time a study of this magnitude has been designed for and launched in the beauty industry. L’Oréal will leverage insights generated to develop innovative, precision beauty offerings to support the skin and hair goals of all consumers.
L’Oréal announced three new recipients of its Fund for Nature Regeneration. NetZero, ReforesTerra and Mangroves.Now were chosen for their innovative approaches to carbon capture in soils, reforestation and mangrove restoration, and for their potential to have a far-reaching, positive impact on the environment and local communities. The Fund to date has invested €22 million in different projects. Through this impact investing, L’Oréal is strengthening its commitment to partners with recognised expertise in the regeneration of degraded land and mangroves, as well as in the restoration of marine areas and forests.
L’ORÉAL RECOGNISED FOR ITS ESG PERFORMANCE
L’Oréal has been recognised by Standard & Poor’s Global for its sustainability performance, with a solid Environmental, Social & Governance (ESG) rating of 85 points out of 100. This rating underlines L’Oréal’s sustainable transformation towards a more responsible and inclusive business model through the implementation of an ambitious sustainability strategy.
In August, L’Oréal finalised the acquisition of Aēsop, the Australian luxury cosmetics brand founded in 1987. Globally recognised for its skin, hair and body products, Aēsop has become an iconic global brand available in high-end boutiques, beauty spaces and luxury hotels around the world. In May, L’Oréal successfully completed a bond issue for a total of €2 billion, used for general corporate purposes, including this acquisition.
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(1) For shareholders who continuously hold their shares in registered form for a minimum of two full calendar years at 31 December 2022.
(2) Dividend approved at the Annual General Meeting of 21 April 2023.