L’Oréal Foundation: corporate foundation, founded by L’Oréal. The Foundation focuses its work on three key areas of commitment. It works alongside women scientists (Science Commitment), supports thousands of women facing physical, psychological or social hardships (Inclusive Beauty Commitment) and is involved with innovative projects run by women who are responding to the climate emergency (Women and the Climate Commitment).
L’Oréal BOOST: the latest programme in the L’Oréal for Youth initiative, launched by the Group in July 2021, aimed at the under 30s. It aims to offer 20,000 students each year access to a selection of on demand, digital courses from Coursera, a leading provider of online learning for students and businesses.
L’Oréal for Youth: a comprehensive, long term programme launched in 2021, which aims to support the employment of young people and improve their employment prospects. It aims to offer 25,000 career opportunities a year to young people under the age of 30 (see subsection 4.3.2.).
L’Oréal for the Future: the second generation of L’Oréal’s commitments to sustainability. The programme was launched in June 2020 with a new set of particularly ambitious targets for 2030, in order to cover all the impacts associated with the Group’s value chain. The programme, which aims to ensure that the Group’s business activities remain within the planetary boundaries defined by environmental science, thus marks a new ambition for the sustainability of L’Oréal with the intention of capitalising on previous achievements. (see subsection 1.4.2 and chapter 4).
Operations: a support department that harnesses the most specialised, agile, effective and connected technological expertise, from packaging design and product development, sourcing and production through to distribution of all the Group’s products. With its brands, it contributes to offering consumers worldwide the most advanced cosmetics products and services. It guarantees consumers compliance with strict standards of quality, safety, security, societal and environmental responsibility worldwide.
Packaging: all the materials which, without being part of the product itself, are sold with the product for the purposes of enabling or facilitating its protection, transportation, storage, presentation, filling and packing, identification and use by consumers.
POS: points of sale publicities.
Product with an improved environmental profile: in the case of new products, a product for which environmental improvement is measured in relation to an average of the brand’s existing and comparable products; for an updated product, environmental improvement is measured and compared to the earlier product. (see subparagraph 4.3.1.3.1.).
Inclusive Sourcing programme: a programme launched in 2010 (originally named “Solidarity Sourcing”) whereby L’Oréal is committed to sourcing from suppliers with an inclusive solidarity model, in other words, companies that offer employment to vulnerable workers and people in economically or socially disadvantaged communities. (see paragraph 4.3.3.6.).
Sense of purpose (raison d’être) : see “Create the beauty that moves the world”. (see subsection 1.1.1)
CSR: corporate social, societal and environmental responsibility (see chapter 4 in particular).
Scopes 1, 2 and 3: the categories in which greenhouse gas emissions are classified. According to the GHG Protocol, Scope 1 emissions are “direct emissions from sources owned or controlled by the reporting entity”. Scope 2 emissions are “indirect emissions related to the consumption of electricity, heat or steam necessary for product processing or operating the reporting entity”. Scope 3 emissions are “other indirect emissions related to product supply chain (upstream emissions) and the use of products and services during their life cycle (downstream emissions)”.
Share & Care: a programme created in 2013 and deployed at all our subsidiaries that offers employees a set of benefits organised around four pillars, which were enhanced in 2021 and 2023: social protection, healthcare, work/life balance and the working environment (see paragraph 4.3.2.4.).
Sharing Beauty With All: a sustainability programme launched by L’Oréal in 2013 with sustainable production, sustainable innovation, sustainable consumption and shared growth targets for 2020.
Company: the Company is the parent company, L’Oréal S.A. (see section 7.1.).
SPOT: a tool that calculates the environmental footprint of a product in accordance with the European Commission recommendation. It is based on a rigorous scientific methodology for assessing environmental impacts. SPOT has been rolled out to all Group brands (except recent acquisitions). It is an integral part of product launch processes, putting sustainable innovation at the very heart of product development. (see subparagraph 4.3.1.3.1.).
Supply chain: the process of planning, executing and monitoring all activities relating to flows of materials and information, the purchase of raw materials, the intermediate processing of the product and its delivery to the end customer.
Social selling: the practice of using social networks to find new customers and/or sell products.
Taxonomy: a framework for classifying economic activities that have a positive impact on the environment, under European Regulation 2020/852 of 18 June 2020. (see subparagraph 4.3.1.4.4.).
TCFD (Task Force on Climate Related Financial Disclosure): a working group set up by the G20 Financial Stability Board that created a system for disclosing climate-related financial information (see subparagraph 4.3.1.4.3.).
TSR: the rate of return of a share over a given period, combining dividends received and capital gains realised.
