Highlights
The Annual General Meeting of 30 June 2020, was an opportunity to present the results of the first generation of sustainable development goals for L’Oréal as well as the Group’s vision of the future. Discover an overview of L’Oréal’s new ambition for 2030 in terms of sustainable transformation, “L’Oréal for the Future”.
“Since 2013, when we launched our first sustainable development programme, the world has changed. The scale of the challenges we are facing is unprecedented. Our ambitions must be in line with these challenges. We must not do better, we must do what is needed.”
ALEXANDRA PALT
Chief Corporate Responsability Officer
and Executive Vice-President of the Fondation L’Oréal
Global warming and environmental changes will lead to potentially permanent degradation of human and natural habitats. Sea levels, melting glaciers, ocean warming and acidification as well as extreme weather events are on the rise. With higher stakes must come stronger commitments.
The “L’Oréal for the Future” programme embodies the two complementary dimensions of what corporate responsibility means to us: transforming our company towards an increasingly sustainable business model, and contributing to solving the challenges facing the world.
Transforming our activities to respect the planet’s limits
It is no longer enough for companies to reduce their environmental impact with objectives that are “self-set”. At L’Oréal, our commitment is to ensure that our activities are respectful of the so-called “Planetary Boundaries”, meaning what the planet can withstand, as defined by environmental science. In order to reconcile our needs with the preservation of a resource-limited planet, we are raising the bar and implementing a new internal transformation programme. Unlike the first programme, our new commitments will not just focus on our direct impact. They will also tackle our indirect, extended impact, related, for example, to the activity of our suppliers and the use of our products by consumers.
All of the Group’s new targets for 2030 were set in accordance with the Science-Based Targets rationale, which encourages companies to commit to a voluntary transition towards a low carbon economy and to establish targets that are in line with what climate science says is necessary to follow the 1.5°C trajectory. This methodology was developed to set common international standards for climate-related issues. At L’Oréal, we decided to adopt a similar approach in defining our water, biodiversity and natural resources targets: they have all been set in accordance with what scientific experts demand and what our planet needs.