Mumbai: L’OREAL has been identified as a global leader in corporate sustainability and has been awarded a position on this year’s A List for climate, water and forests by CDP, the non-profit global environmental disclosure platform.
CDP publishes A-D scores across climate, water and forests for over 3,000 major corporates, with the leaders celebrated on the prestigious A List. This is the first year that the non-profit has announced company scores across all three areas simultaneously, reflecting a holistic approach to corporate sustainability.
L’Oréal is one of only two companies to score an A for all three of CDP’s programs. This is in recognition of its impressive actions in the last reporting year to cut carbon emissions, enhance water stewardship, tackle deforestation in its supply chain and lead the new sustainable economy Showcasing L’Oréal India’s commitment to climate, water and forest the company has reduced carbon emissions across its two plants by 12% from 2005 to 2016. In addition, water consumption per finished product reduced by 62% in the same period, higher than the set 60% target for 2020. Lastly, 100% of folding boxes used for packing its products are all FSC certified.
Jean-Paul Agon, CEO of L’Oréal said “We are very honored to be recognised by CDP as one of only two companies with a three A score. Halfway through our 2020 ambitions, L’Oréal has already undertaken an in-depth transformation in order to reach the ambitious targets set by ourselves on a wider scale, specifically on climate protection, sustainable water management and our fight against deforestation. This recognition is a great encouragement to go even further”.
Giving an India perspective to L’Oréal’s sustainability pledge, Jean-Christophe Letellier, Managing Director, L’Oréal India said “We at L’Oréal are on a mission to make life more beautiful and committed to making beauty sustainable. The principles of sustainable development are at the core of our business, covering the entire value chain of innovation, production, distribution, consumers and communities. This ranking is just a testimony to the various efforts that teams across the globe are putting in every day.”
The 2017 A List is comprised of 160 global companies, recognized by the CDP with an A for their action either on climate, water or forest, and has been produced at the request of 827 investors with assets of over US$100 trillion. Thousands of companies submit annual environmental disclosures to CDP for independent assessment against its scoring methodology.
CDP’s Executive Chair Paul Dickinson said “Congratulations to all the companies that made it onto the A List this year. It’s inspiring to see so many taking bold action to mitigate environmental risks and grasp the opportunities that come with the transition to a sustainable economy. These companies are driving the transition as we approach a tipping point on environmental action”.
The A-List (for climate, water and forests) and full company scores are available on CDP’s website: https://www.cdp.net/en/scores-2017
The scores are released on the same day as CDP’s second annual analysis in the series: Tracking progress on corporate climate action. This year’s assessment reveals that more companies are setting increasingly ambitious and longer-term climate targets, while the transition to a low-carbon economy is also driving product innovation and the uptake of new tools for change.