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L’Oréal achieves triple ‘A’ environmental rating for the eighth consecutive year

L’Oréal achieves triple ‘A’ environmental rating for the eighth consecutive year

At a time where environmental issues have never been more pressing, it’s encouraging to see the world’s largest beauty conglomerate, L’Oréal Groupe, making a proactive commitment to a more sustainable planet.  

A testament to the company’s efforts, L’Oréal was one of only 10 companies to achieve a triple ‘A’ in 2023, once again securing a spot on the A List of global environmental non-profit CDP.

CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. The prestigious score cements L’Oréal’s leadership in environmental transparency and its commitment to addressing climate change, protecting forests, and ensuring water security.

Fully aligned with the Taskforce for Climate-Related Financial Disclosures (TCFD), CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. In 2023, over 740 financial institutions with over US$136 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 23,000 companies responded.

“It is both a great honour and a source of immense pride to have maintained a triple ‘A’ rating for the eighth consecutive year. I view this achievement as an encouragement to persist in the efforts we initiated as the world leader in beauty when we made the pivotal decision to profoundly transform our business in accordance with what the latest climate science requires,” said Nicolas Hieronimus, CEO of the L’Oréal Groupe. “This transformation is based on ambitious targets for 2030. Significant milestones have already been reached thanks to the dedication of all L’Oréal teams under the visionary leadership of Alexandra PALT, our Chief CSR Officer, and the close collaboration with our entire ecosystem. Considering the magnitude of the social and environmental challenges before us, the only viable response is a collective one, and we are committed to actively contribute to this shared effort.”

According to L’Oréal’s research, presented at an exclusive Sustainable Beauty Bar event in Auckland late last year, sustainability has become a top consideration for New Zealand consumers when choosing products. According to their research, 61 percent of consumers prioritise sustainability, and 71 percent believe businesses should lead in driving positive social and environmental outcomes.