For many years, L’Oréal has begun a profound transformation of its model, in all areas, to adapt to the great changes in the world. In the firm belief that sustainable development is an essential factor for success and durability, L’Oréal is deploying an ambitious corporate social responsibility policy, which is shared by its management and teams (see section 4.3.).
In June 2020, L’Oréal initiated the second generation of its commitments to sustainable development, under the umbrella of its programme L’Oréal for the Future, with a new set of particularly ambitious targets for 2030, in order to cover all the impacts associated with the Group’s value chain:its production and distribution sites as well as its supply chains and the impacts associated with the use of products by consumers. L’Oréal for the Future, which aims to ensure that the Group’s business activities remain within the planetary boundaries defined by environmental science, marks a new ambition for the sustainable development of L’Oréal with the intention to capitalise on previous achievements : the commitment from 2009 to reduce the environmental footprint of factories and distribution centres by 50% compared to 2005, then the Sharing Beauty With All programme launched in 2013 with sustainable production, sustainable innovation, sustainable consumption and shared growth targets for 2020, which has made sustainable development one of the Group’s key strategic pillars.
In 2015, L’Oréal also undertook to define Science-Based Targets (SBT) to reduce its greenhouse gas emissions across its entire value chain over the long term, in accordance with the Paris Climate Change Agreements. In December 2017, the SBT initiative validated the Group’s proposal : L’Oréal is committed to reducing greenhouse gas emissions on its Scopes 1, 2 and 3 by 25% in absolute value by 2030, compared with the 2016 baseline.
