Several years ago, L’Oréal began a profound and sustainable transformation of its operating model in all areas. In the firm belief that sustainability 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, the second generation of its commitments to sustainability was launched under the umbrella of its programme L’Oréal for the Future, with a set of 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 marks a new ambition for the sustainability 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 sustainability one of the Group’s key strategic pillars.
In 2015, L’Oréal undertook to define Science Based Targets (SBTs) to reduce its greenhouse gas emissions across its entire value chain and over the long term, in accordance with the Paris Agreement on climate change. In December 2017, the SBT initiative (SBTi) 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.
According to the revised requirements of the SBTi Net-Zero standard, in October 2023 the Group submitted its new 2030 and 2050 trajectory towards reducing its carbon intensity. When the Board of Directors approved the Management Report, L’Oréal was waiting for the SBTi to validate this new trajectory. This will be published in the 2024 Universal Registration Document.
