L’Oréal recognized as global leader in sustainability at CDP Europe Awards in Brussels - for the third year in a row
Clichy, Tuesday 19, February 2019 - During the CDP ceremony awards gathering high-level climate and economic decision-makers in Brussels, L'Oréal was recognized as global leader for the third year in a row, in recognition of L'Oréal's actions to cut carbon emissions, enhance water stewardship and tackle deforestation in its supply chain.
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 program 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. In 2018, the Sharing Beauty With All program shows exceptional results:
- Gaz emissions from our factories and distribution centers have been reduced by 77% in absolute terms since 2005, with 31 industrial sites reaching carbon neutrality;
- Water consumption from our factories has been reduced by 48% since 2005. L'Oréal Group had 3 dry factories at the end of 2018;
Upon receiving the CDP award in Brussels, Barbara LAVERNOS, Chief Technology and Operations Officer at L'Oréal, member of the Executive committee, said: "We are very proud, at L'Oréal, to be ranked a 3 A's by the CDP for the third year. It is the result of a 25 year-history championing progressive sustainability policies. With its high level of precision and excellence, actors like CDP help us to challenge ourselves and to accelerate on our long-standing commitments on reducing gas emissions, water consumption and waste generation."
Sharing Beauty With All program builds on four pillars:
- Innovating sustainably, to improve the environmental profile of products;
- Producing sustainably, to reduce the environmental footprint of plants and distribution centres;
- Living sustainably, giving consumers the possibility to make sustainable consumption choices
- Developing sustainably, to share growth with all the Group's stakeholders: communities, suppliers and employees.
Full program available here https://www.loreal.com/loreal-sharing-beauty-with-all
About L'Oréal
L'Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 34 diverse andcomplementary brands, the Group generated sales amounting to 26.9 billion euros in 2018 and employs 82,600 people worldwide. As the world's leading beauty company, L'Oréal is present across all distribution networks: massmarket, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.
Research and innovation, and a dedicated research team of 3,885 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.
More information in the Sustainability section of our website www.loreal.com
"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."
Read more
- News release of 22 January 2019: "L'Oréal the only company in the world recognized for the third year in a row as a global environmental leader with triple 'A' score"
Contacts at L'Oréal
Individual shareholders and market authorities
Mr Jean Régis CAROF
Tel.: +33 1 47 56 83 02
[email protected]
Financial analysts and institutional investors
Mrs Françoise LAUVIN
Tel.: +33 1 47 56 86 82
[email protected]
Journalists
Mrs Stephanie CARSON-PARKER
Tel.: +33 1 47 56 76 71
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