For the 4th year in a row, L’Oréal has been highlighted as a world leader in corporate sustainability by the international non-profit organization CDP, whose annual environmental disclosure and scoring process is recognized as the gold standard of corporate environmental transparency.
The Group achieved a place on the ‘A’ List for all three environmental issues covered by CDP scores: climate change, water security and forests. Among the 8,400 businesses evaluated, L’Oréal is one of only 6 companies to score an ‘A’ for the three themes this year, and is the only company to have achieved this triple ‘A’ score, four years running.
This is in recognition of L’Oréal’s ambitious and longstanding actions to cut carbon emissions, tackle deforestation in its supply chain, enhance water stewardship, and become an exemplary leader in the new sustainable economy.
Jean-Paul Agon, Chairman and CEO of L’Oréal, said: “We are absolutely thrilled to become the only company to have been awarded, for four years in a row, an A score for all three CDP rankings. For many years now, we have been fully engaged in an in-depth transformation of our company towards an increasingly more responsible and sustainable business model. This outstanding score is the result of the steadfast determination of our teams and the extremely ambitious objectives that we set in 2013, as part of our sustainable development programme ‘Sharing Beauty With All’. While we can be proud of this exceptional performance, we know that we cannot rest on our laurels. We will pursue our efforts and reduce our environmental impact according to what scientific experts demand, and what our planet needs. It is a moral imperative and the condition inherent to our company’s long-term success.”
Paul Simpson, CEO of CDP, said: “Congratulations to the companies that achieved a position on CDP’s A List this year, for leading in environmental performance and transparency. The scale of the business risks from the climate emergency, deforestation and water insecurity are vast – as are the opportunities from addressing them – and it’s clear the private sector has a vital role to play at this critical time. The A List companies are leading the market in corporate sustainability, tackling environmental risks and setting themselves up to thrive in tomorrow’s economy”.
This year, over 8,400 companies answered the questionnaire and disclosed data to CDP for independent assessment against its scoring methodology. Companies receive scores from A to D, based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that do not disclose or provide insufficient information are marked with an F.
For more information: https://www.cdp.net/en/companies/companies-scores
Published Feb 3, 2020 7pm EST / 4pm PST / 12am GMT / 1am CET