2023 universal registration document

1. Presentation of the Group – Integrated Report

EMPOWERING OUR ECOSYSTEM IN OUR TRANSFORMATION
By 2030, 100% of our strategic suppliers’ employees will be paid at least a living wage covering their basic needs and those of their dependents, calculated in line with best practices. Defined in 2021, the methodology used to calculate this indicator was piloted in 2022 and is in the process of being rolled out from 2023.  
By 2030, we will have helped 100,000 people from disadvantaged communities gain access to employment(4) Methodology for calculating this commitment specified in chapter 4. . 37,284 Results 2022 : 17,827 100,000 people 4.3.3.6
By 2030, 3 million people will benefit from our brands’ social engagement programmes . 3 million 2022 Results: > 2,5 m 4 million(.e. over 7 million since 2020. Following the achievement of this objective in 2023, a new objective has been set from 2024: 2 million people will benefit from our brands’ social engagement programmes each year.) 4.3.1.3.2
By 2030, all Group products will be eco-designedEco-designed products are new or updated products that have an improved environmental profile. . 96% Results 2022 : 97% 100% 4.3.1.3.1
CONTRIBUTE TO SOLVING GLOBAL CHALLENGES
By 2026, we will have allocated €80 million to support the most vulnerable women via the L’Oréal Fund for Women.  55 million(ll of the initial allocation of €50 million was paid in 2023. In 2023, the Fund was extended for an additional three years, with an endowment of €30 million.) 2022 Results: 41 million((14) In 2022, L’Oréal allocated €41  million to the L’Oréal Fund for Women, €30.8  million of which was distributed to charitable organisations in 2022, with the rest distributed in 2023.) 4.3.3.7.4
By 2030, the L’Oréal Fund for Nature Regeneration will have invested €50 million to help restore 1 million hectares of degraded ecosystems. 27 million Results 2022 : 22 million 50 million 4.3.1.5.2
By 2030, L’Oréal Fund for Nature Regeneration will have helped capture 15 to 20 million tonnes of CO2 and we will have created hundreds of jobs. The impacts in terms of CO2 and job creation will be measured and published once the projects have reached maturity. 4.3.1.5.2
By 2030, we will have invested €50 million to finance projects that will help promote a more circular economy, via the Circular Innovation Fund.

12,6 million (Amount committed by L’Oréal in the Circular Innovation Fund.) 50 million

Le Fonds construit et déploie son portefeuille d'investissements depuis 2022.

 4.3.1.5.1
By 2026, we will have allocated €15 million to increase the resilience of vulnerable communities in the face of climate disasters via the L’Oréal Climate Emergency Fund. 5 million 15 million 4.3.1.5.3

 

  1. (9)Industrial sites.
  2. (10)I.e. over 7 million since 2020. Following the achievement of this objective in 2023, a new objective has been set from 2024: 2 million people will benefit from our brands’ social engagement programmes each year.
  3. (11) Basis of calculation representing 72% of all projects, excluding items considered to be irrelevant, such as ad hoc animation and promotion products and regulatory compliance leading to changes that are not visible to consumers.
  4. (12) Eco-designed products are new or updated products that have an improved environmental profile.
  5. (13)All of the initial allocation of €50 million was paid in 2023. In 2023, the Fund was extended for an additional three years, with an endowment of €30 million.
  6. (14) In 2022, L’Oréal allocated €41 million to the L’Oréal Fund for Women, €30.8 million of which was distributed to charitable organisations in 2022, with the rest distributed in 2023.
  7. (15) Amount committed by L’Oréal in the Circular Innovation Fund.