Report
L’ORÉAL AT FIRST BOURSORAMA E-FAIR
L’Oréal was the leading sponsor of the first e-fair hosted by Boursorama, an all-digital edition for retail investors entitled BoursoLive. The event provided a unique opportunity to talk to individual shareholders and help them learn more about L’Oréal, its performance and its commitments. Christophe Babule, the Group’s Chief Financial Officer, presented the L’Oréal business model – embodying both solidity and solidarity – and took questions from Laurent Grassin, Boursorama’s Content Director. The following is an extract from that interview.
L’ORÉAL IS A GROUP THAT COMBINES BOTH SOLIDITY AND SOLIDARITY: SOLIDITY IN ITS FINANCIAL PERFORMANCE AND SOLIDARITY BECAUSE IT IS JUST AS STRONG IN TERMS OF ITS EXTRA-FINANCIAL PERFORMANCE.
Chief Financial Officer of L’Oréal
WATCH THE FULL VIDEO INTERVIEW ON: loreal-finance.com
Where do you see L’Oréal in 2030? What are the Group’s main challenges?
The role of business has changed profoundly over the last 20 years or so. We face unprecedented environmental and societal challenges, with a sense of urgency on a planetary scale. At L’Oréal, one of our goals is to strengthen our leadership in beauty business segments while also establishing our position at the forefront of extra-financial performance. We committed to this back in 2013 through the ambitious “Sharing Beauty With All” programme, which produced conclusive results. For example, we reduced our carbon emissions by more than 80% from 2005 levels. That is a good start, but we believe we need to do more. That is why we set up the new “L’Oréal for the Future” programme. We have begun this decade with the goal of transforming our business to respect planetary boundaries.
This entails reconciling our own requirements with the need to protect the planet and its limited resources. We must continue transforming our business model and footprint even more swiftly. That footprint includes not just our industrial and logistics operations, but also our entire value chain. Hence the move to bring suppliers and consumers on board as part of our vision. We feel it is our responsibility to help people make educated purchases. Specifically, that means focusing on sustainable management of resources, raw materials and water, while ensuring a combination of financial, social and environmental results.