The FINANCIAL — For the third year in a row, L’Oréal has been recognised as a global leader for its climate change mitigation strategy in the annual CDP (Carbon Disclosure Project) ranking.
The CDP is the only not-for-profit organization to provide a global system that measures and discloses environmental information that evaluates both the performance and the transparency of company’s climate change mitigation strategies, according to L’Oréal.
L’Oréal has been given an “A” ranking, the highest level of performance on the Climate Disclosure Leadership Index (CDLI), for its management of its carbon footprint and its climate change strategy, as well as a score of 99/100 for the transparency of its policies.
“Three weeks before the COP21, we are very proud of this recognition. It encourages us to go further in order to make significant contributions to the transition to a low carbon economy”, said Jean-Paul Agon, Chairman and CEO of L’Oreal. “We believe that economic performance and social and environmental responsibility go hand in hand”.
L’Oréal has commited to a 60% reduction of the CO2 emissions from its production by 2020, calculated in absolute terms using a 2005 baseline. L’Oréal had already achieved a key milestone at the end of 2014: the Group reduced the CO2 emissions of its operations by 50% between 2005 and 2015, despite a 22% increase in production over the same period. This achievement is due to an ambitious strategy of improving energy efficiency across facilities, increasing the use of renewable energy, and developing low carbon innovations.
L’Oréal has been a member of the CDP since 2002. In 2007, L’Oréal joined the CDP’s Supply Chain Program to encourage its suppliers to measure and manage their CO2 emissions, an essential part of taking action effectively on the entire value chain and encouraging exchanges of best practices.
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