Skip to main content
European Climate Pact

Overview

Location

France

Sector

Manufacturing

Organisation type
Business

Company Information

L'Oréal has a portfolio of 35 diverse and complementary brands for the cosmetics and beauty market. The Group's headquarter is in Paris, France and it generated sales amounting to 32.28 billion Euro in 2021 and employs 85,400 people worldwide.

Our progress towards decarbonization

 

GHG Emissions

North Star

  • L'Oréal has a target to reduce absolute scopes 1, 2 and 3 CO2e emissions 25% by 2030 from a base year of 2016

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

How we want to achieve this – our roadmap

  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Forests

Our actions – the Pathway

  • Publicly commit to reduce or remove deforestation and/or forest degradation from its direct operations and/or supply chain in line with the New York Declaration on Forests 
  • Commit to zero gross deforestation
  • L'Oréal has a target to increase sustainable production and/or consumption of Timber products to 100% by 2025 starting in 2021
  • L'Oréal has a target to increase sustainable production and/or consumption of Palm oil to 100% by 2024 starting in 2014
  • L'Oréal has a target to increase sustainable production and/or consumption of Timber products to 100% by 2025 starting in 2020
  • L'Oréal has a target to increase sustainable production and/or consumption of Soy to 100% by 2024 starting in 2021
  • L'Oréal have a target to trace 100% of their Soy supply to at least Municipality- level by 2024 starting in 2021
  • Have at least 90% of commodities certified in a no-deforestation compliant certification
  • Participate in jurisdictional approaches to promote the implementation of forests-related policies and commitments
  • Support or implement projects focused on ecosystem restoration and protection beyond no deforestation
  • Work beyond first tier suppliers to manage and mitigate deforestation risks through supply chain mapping or capacity building
  • Work with direct suppliers to support and improve their capacity to comply with our forests-related commitments, policies, and other requirements
  • Work with smallholders along the company's value chain to support good agricultural practices and reduce deforestation or conversion of natural ecosystems through financial or technical assistance
  • Publicly disclose data on forest-related impact to investors through a public platform
  • Have a publicly available forest policy, with well-defined goals and targets, that is used to inform internal decision-making
  • Have board-level oversight of forests-related issues
  • Have forests issues be fully integrated in all parts of long-term strategic business plans
  • Make a comprehensive forests-related risk assessment, that checks the following criteria: full coverage of relevant operations, considers risks beyond six years and availability of forest risk commodities, quality of forest risk commodities, impact of activity on the status of ecosystems and habitats, social impacts, and includes local communities; Stakeholders considered is local communities
  • Assess company and suppliers' compliance with forests regulations and/or mandatory standards when sourcing commodities from regions with high deforestation risk 
  • Have a no-deforestation policy that checks the following criteria: general or commodity-specific, publicly available, and company-wide
  • Have a system to control, monitor, and verify compliance with no-deforestation policies/commitments that covers all relevant operations and supply chains and shows more than 90% of total volume in compliance

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Forests 2022

 

Water

Our actions – the Pathway

  • Engage our suppliers to improve their water management and stewardship through onboarding and compliance measures
  • Publicly disclose data on water-related impact to investors through a public platform
  • Have board-level oversight of water issues
  • Integrate water-related issues into the company's financial planning
  • Integrate water-related issues into the company's long-term business objectives
  • Integrate water-related issues into the company's strategy to achieve long-term business objectives
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Water 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

North Star

  • L'Oréal has a supplier engagement target to get 60.0% of its suppliers by procurement spend to set a science-based emission reduction target

Pledge: Have a supplier engagement target in order to reduce scope 3 GHG emissions, to get a share of our suppliers by procurement spend set science-based GHG emissions reduction targets in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues
  • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022