ResponsibleBeauty
Responsible
With L’Oréal for the Future, we have placed social and environmental performance at the heart of our commitment. Together with our stakeholders, we act in favour of responsible beauty.
The L’Oréal for the Future programme embodies both facets of our vision for corporate social responsibility: transforming our company to ensure our economic model is increasingly sustainable, and striving to help overcome the challenges the world now faces.
L’Oréal for the Future sets ambitious goals for 2030 in terms of climate change, water, biodiversity and natural resources. These commitments now go beyond the Group’s direct impact to target indirect impact tied, for example, to its suppliers’ business or product use by consumers.
The Group believes that it must share its growth and continue to make concrete commitments to improving the lives of the communities it interacts with all over the world. Employees, brands, Divisions and countries are all invested in social and environmental causes. Beyond transforming its economic model, L’Oréal also endeavours to meet consumer expectations for companies to make positive contributions to society and the environment.
Highlights
Social & Environmental Performance
2021 was the first year of implementation for L’Oréal for the Future, the Group’s sustainability programme for 2030.
L’Oréal goes above and beyond with CO2 reduction goals
With the climate emergency increasingly dire, L’Oréal has committed to action via its L’Oréal for the Future programme. The Group is particularly focused on ramping up its efforts to combat climate change and mobilising its stakeholders to significantly reduce the impact of its products.
Operations play a major role in responsible and sustainable performance
As part of the L’Oréal for the Future programme, the Group continued to transform its business with a focus on respecting planetary boundaries. Operations and their extensive ecosystem play a deciding role in achieving this goal.
L’Oréal Luxe is actively committed to sustainability
From sourcing raw materials to bottle and packaging design, L’Oréal Luxe is committed to making beauty more sustainable and responsible. In 2021, the Division made significant progress in this area.
Key figures
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AAA top score from CDP for L'Oréal's environmental leadership
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58% of our sites have achieved carbon neutrality by improving energy efficiency and using 100% renewable energy
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985,089 people benefit from our brands’ social engagement programmes
L’Oréal among World’s Most Ethical Companies in 2021
For the 12th time, Ethisphere, a global leader in defining and advancing the standards of ethical business practices, has ranked L’Oréal among the World’s Most Ethical Companies. Companies are evaluated on over 200 data points, grouped into five fields: ethics and compliance, culture, environmental and social practices, governance and leadership, and innovation and reputation. Assessment increasingly focuses on the way companies assess the root causes of a problem when it arises in order to prevent future incidents, particularly in the fields of data privacy and human rights, which are both important to company stakeholders.
Garnier rounds out its range of sustainable haircare products
Following the launch of Ultimate Blends shampoo bars, Garnier has now added Ultimate Blends no‑rinse conditioners to its lineup as it pursues its goal of reducing its environmental impact. This zero-water waste product comes in packaging made mostly of cardboard. The brand provides consumers with a comprehensive ritual of environmentally-friendly products for more responsible consumption. Garnier also continued to provide information about the environmental impact of its products throughout their lifecycle by showing a grade ranging from A to E on product packaging—an initiative based on transparency and sincerity for Garnier, which is a pioneer in sustainable development.
Governance Grand Prix: a prerequisite for responsibility
Every year, leading financial news source AGEFI independently assesses all CAC 40 and SBF 120 companies to measure their quality of governance. This year, the jury awarded L’Oréal the 2021 Governance Grand Prix for its exemplarity as a “model” in the field.
The Group once again rolled out many great ESG initiatives this year, including impact investing, earmarking 100 million euros for nature, biodiversity, the circular economy, and the creation of a solidarity investment fund for highly vulnerable women. All of these examples illustrate the way L’Oréal’s business model seamlessly pairs economic and social excellence to create sustainable value for all.
What are L’Oréal’s key drivers to create value and how did they come into play in 2021? Alexandra Palt, Chief Corporate Sustainability Officer and L'Oréal Foundation, and Christophe Babule, Chief Financial Officer, explain the momentum behind L’Oréal’s responsible growth.
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