2023 universal registration document

1. Presentation of the Group – Integrated Report

L’Oréal for the Future: 2023 Results

The following table summarises the targets for the L’Oréal for the Future programme, the extent to which they were achieved in 2023 as well as a reminder of the results reported in 2022. Detailed information (policies, performance indicators, results etc.) is provided in chapter 4.

TRANSFORMING OUR BUSINESS

non-inclus
  2023 results  
  Outperformance 
  Objectives
Details
CLIMATE By 2030, L’Oréal will cut its Scopes 1, 2 and 3 CO2 emissions by 50% in intensity versus 2016(1). - 10 % results 2022 : - 10 % -	 50 % 4.3.1.4.1.
By 2030, L’Oréal has set itself an overall Scopes 1, 2 and 3 CO2 emissions reduction target of -25% in absolute terms versus 2016In 2019, L’Oréal also joined the United Nations Business Ambition for 1.5°C initiative and made a commitment to reach net-zero CO2 emissions by 2050. . + 0,8 % Results 2022 : - 5 % - 25 % 4.3.1.4.1.
By 2025, we will reach 100% renewable energy 
for our operated sitesOn the Group’s operated sites, excluding safety and security installations as defined in paragraph 4.5.1.3. “Environmental data”.These indicators are used to assess the performance of L’Oréal’s Chief Executive Officer – see section 2.4. Remuneration of directors and corporate officers of this document.
91 % Results 2022 : 89 % 100 % 4.3.1.1.3
By 2030, we will innovate to enable our consumers to reduce their greenhouse gas emissions resulting from the use of our products by 25% compared to 2016Unit used: TCO2 eq./kg of formulas sold. Methodology for calculating this commit , on average and per finished product. - 21 % Results 2022 : - 24 % - 25 % 4.3.1.3.1
By 2030, we will reduce by 50%, on average and per finished product, the greenhouse gas emissions linked to the transport of our products, compared to 2016On the Group’s operated sites, excluding safety and security installations as defined in paragraph 4.5.1.3. “Environmental data”.These indicators are used to assess the performance of L’Oréal’s Chief Executive Officer – see section 2.4. Remuneration of directors and corporate officers of this document. - 9,7 % Results 2022 : + 6,7 % - 50 % 4.3.1.2.3
By 2030, our strategic suppliers will reduce their direct greenhouse gas emissions (scopes 1 and 2) by 50% in absolute terms compared to 2016. The methodology used to calculate this indicator is currently being defined in collaboration with CDP. 4.3.1.2.2
WATER By 2030, we will evaluate all formulas thanks to our environmental test platform, to guarantee they are respectful of all aquatic ecosystems, whether continental or coastal. The methodology used to calculate this indicator was defined in 2023 and will be subject to a pilot for approval in 2024, allowing for roll-out between 2025 and 2026. 4.3.1.3.1
By 2030, we will innovate to enable our consumers to reduce by 25%, on average and per finished product, the water consumption linked to the use of our products, compared to 2017Methodology for calculating this commit (5) Unit used: L/Kg of formulas sold.. + 3 % Results 2022 : + 1 % - 25 % 4.3.1.3.1
By 2030, all our factories will use 100% recycled and reused water in their industrial processes.(2) On the Group’s operated sites, excluding safety and security installations as defined in paragraph 4.5.1.3. “Environmental data”.  These indicators are used to assess the performance of L’Oréal’s Chief Executive Officer – see section 2.4. Remuneration of directors and corporate officers of this document. 14 % (% of our factories that are Waterloop factories.)  Results 2022 : 13 % (	% of our factories that are Waterloop factories.) 100 % 4.3.1.1.4
By 2030, all our strategic suppliers will use water sustainably in the areas where they operate. The methodology used to calculate this indicator is currently being defined in collaboration with CDP. 4.3.1.2.2
BIODIVERSITY By 2030, 100% of the biobased ingredients for formulas and packaging materials will be traceable and will come from sustainable sources, with none linked to deforestation On the Group’s operated sites, excluding safety and security installations as defined in paragraph 4.5.1.3. “Environmental data”.These indicators are used to assess the performance of L’Oréal’s Chief Executive Officer – see section 2.4. Remuneration of directors and corporate officers of this document..

Biobased ingredients

93 % ((7)	Biobased ingredients for formulas that are traceable and sustainably sourced only.) Results 2022 : 92% ((7)	Biobased ingredients for formulas that are traceable and sustainably sourced only.) 100%

Packaging

The calculation methodology has been defined. The consolidated indicator is still being defined.

 

4.3.1.3.1
By 2030, the Group will ensure that the total land occupancy required to produce our ingredients remains the same as it was in 2019.

The methodology used to calculate this indicator was updated in 2023 and is in the process of being rolled out.

4.3.1.3.1
By 2030, all of our industrial sites and all our operated buildings will have a positive impact on biodiversity, compared to 2019. 0 % (8) 100 % 4.3.1.1.5
RESSOURCES D’ici à 2030, 95 % des ingrédients de nos formules seront biosourcés, issus de minéraux abondants ou de procédés circulaires On the Group’s operated sites, excluding safety and security installations as defined in paragraph 4.5.1.3. “Environmental data”.These indicators are used to assess the performance of L’Oréal’s Chief Executive Officer – see section 2.4. Remuneration of directors and corporate officers of this document.. 65 % Results 2022 : 61 % 95% 4.3.1.3.1
D’ici à 2030, 100 % de nos emballages plastiques seront d’origine recyclée ou biosourcée (nous atteindrons 50 % d’ici à 2025) On the Group’s operated sites, excluding safety and security installations as defined in paragraph 4.5.1.3. “Environmental data”.These indicators are used to assess the performance of L’Oréal’s Chief Executive Officer – see section 2.4. Remuneration of directors and corporate officers of this document.. 32 % Results 2022 : 26 % 100 % 4.3.1.3.1
D’ici à 2030, nous réduirons de 20 % en intensité la quantité d’emballage utilisée pour nos produits par rapport à 2019. -4 % Results 2022 : -3 % -20 % 4.3.1.3.1
D’ici à 2025, 100 % de nos emballages plastiques seront rechargeables, réutilisables, recyclables ou compostables. 44 % Results 2022 : 38 % 100 % 4.3.1.3.1
D’ici à 2025, 100 % de nos présentoirs publicitaires sur les lieux de vente seront écoconçus . 99 % Results 2022 : 97 % 100 % 4.3.1.3.1
D’ici à 2025, 100 % de nos boutiques (point de vente en propre), nouvelles ou rénovées, seront conçues et construites selon nos principes de développement durable . 78 % Results 2022 : 50 % 100 % 4.3.1.3.1
D’ici à 2030, 100 % des déchets générés sur nos sites seront valorisés (réutilisés ou recyclés) Sites industriels.. 61 % Rappel 2022 : 61 % 100 % 4.3.1.1.6