Just one year after the launch of its ambitious Sharing Beauty with All program for sustainable development, cosmetics giant the L'Oréal Group has today revealed significant improvements in the first progress reportof its efforts:
Just one year after the launch of its ambitious Sharing Beauty with All program for sustainable development, cosmetics giant the L'Oréal Group has today revealed significant improvements in the first progress reportof its efforts:
- a reduction of CO2 emissions of the Group’s production by 50 percent in absolute terms, from a 2005 baseline, while increasing production 22 percent;
- 67 percent of new products screened have an improved environmental or social profile;
- 54,000 jobs created for people from underprivileged communities in social or financial difficulty.
L’Oréal chairman and CEO Jean-Paul Agon declared: "We are particularly proud to unveil today these very encouraging results after making firm and quantified commitments towards sustainable development. These results show that we can deliver significant and tangible results if we put sustainable development at the centre of Group strategy, as we have been doing with determination for several years. Companies have an important role to play in society, and L'Oréal intends to make a significant contribution."
Launched by Agon on 23 October 2013, the Sharing Beauty with All program focuses on four areas of commitment integrated throughout L'Oréal’s value chain:
- Innovating to reduce the environmental footprint of its products and formulae;
- Reducing greenhouse gas emissions, water consumption and waste generation during production;
- Making consumers better informed and aware of environmental impacts;
- Sharing growth with employees, suppliers and communities.
Alexandra Palt, L’Oréal’s Chief Sustainability Officer, said: "The reduction of CO2 emissions of our production by 50 percent in absolute terms since 2005 was achieved while our production increased by 22 percent over the same period. This result proves that performance and responsibility can go hand in hand."
L'Oréal says it is committed to present a yearly report with key performance indicators quantifying its progress in sustainable development as part of the ambitious Sharing Beauty with All program for 2020.
Published Apr 16, 2015 4pm EDT / 1pm PDT / 9pm BST / 10pm CEST