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European Climate Pact

Overview

Location

Sweden

Sector

Manufacturing

Organisation type
Business

Company Information

Oriflame is a company in direct sales of cosmetics and wellness. Oriflame's ownership is held by the af Jochnick Foundation and the Jonas and Christina af Jochnick Foundation. It is headquartered in Stockholm, Sweden. In 2021, the company reported a total of 5,205 employee and a sales revenue of 1.0 billion Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Oriflame Holding Ltd has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2019

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 (26/07/2022)

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
  • Set a quantifiable target for increasing the sustainable production and/or consumption of disclosed commodities as share of total
  • Support or implement projects focused on ecosystem restoration and protection beyond no deforestation
  • Work with direct suppliers to support and improve their capacity to comply with our forests-related commitments, policies, and other requirements
  • 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 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 (26/07/2022)

Data source: CDP Forests 2022

 

Governance & Strategy

North Star

  • Oriflame Holding Ltd have a publicly available 1.5°C aligned low-carbon transition plan

 

      MRV: Pact MRV in place

      Status date: Submitted (26/07/2022)

      Data source: CDP Climate Change 2022

      How we want to achieve this – our roadmap

      • Publicly disclose climate and environmental data to investors and customers through a public platform
      • 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 (26/07/2022)

      Data source: CDP Climate Change 2022