Report
The second Investir Day embraced innovation with a 100% digital format: three live broadcasts gave participants the chance to get information on the financial markets, exchange views with the directors of listed companies and find out more about their growth strategies and prospects. The 2020 event was dedicated to companies focused on protecting the environment and the climate, or working to have a social impact – all topics of increasing importance to shareholders, savers and the general public. As one of the event’s partners, L’Oréal was represented by three of its Executive Committee Members, who joined the line-up of speakers.
CHRISTOPHE BABULE
Executive Vice-President,
Chief Financial Officer
L’Oréal: Sustainable Finance
“A few months ago, L’Oréal announced new sustainable development targets for 2030. We believe that value creation must exist for all our stakeholders and must combine economic and non-financial performance. Investing in nonfinancial aspects is about investing for the future and giving ourselves a long-term competitive advantage.
Investing in areas such as the circular economy or plastics recycling forces us to innovate. The Group has, for example, invested in companies such as Carbios, which is developing new processes to speed up plastics recycling. It is our ambition to ensure that L’Oréal is not only the beauty leader but also a leader in terms of sustainable development.
Moreover, we have recently created the position of Director of Sustainable Finance to coordinate all our financial activities, from expertise in impact investing to incorporating carbon costs into the economic equation, and enable all our managers to take informed decisions. It’s therefore a matter of coordinating everyone’s efforts so that we achieve the sustainable development targets we have set for 2030.
Getting results in this area is a source of pride for all Group employees, and a key motivating factor on a day-to-day basis.”