Date Posted: Thursday 16th July 2020
L’Oréal has launched its new sustainability programme L'Oréal for the future, setting out the group's latest set of ambitions for 2030. The programme includes transforming the group's business to respect the planet's limits:
The group also outlined how it will contribute to solving the worl's challenges by supporting urgent social and environmental needs, through an unprecedented plan launched in May 2020. By allocating €150 million to address urgent social and environmental issues.
In order to empower its consumers to make more sustainable choices, L’Oréal has developed a Product Environmental & Social Impact Labelling mechanism, scaling from A to E, endorsed by independent scientific experts and verified by an independent auditor, which will be progressively deployed for all brands and categories.
Jean-Paul Agon, Chairman and CEO of L’Oréal said: "L’Oréal’s sustainable revolution is entering a new era. The challenges the planet is facing are unprecedented, and it is essential to accelerate our efforts to preserve a safe operating space for humanity. We do so in our own business operations and in our contribution to the society at large. We know that the biggest challenges remain to come and L’Oréal will stay faithful to its ambition: operate within the limits of the planet."
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