In the coming years, the concern will completely restructure its work - for the sake of saving the planet and solving acute social problems
" Sustainable development" is a term that confused the uninitiated a few years ago, but today is well known to everyone. It is impossible to build a business without looking at environmental and social realities. L'Oréal is one of the first companies to understand this. The debut sustainability program Sharing Beauty With All was introduced by the concern back in 2013.Since then, L'Oréal's greenhouse gas emissions have been reduced by 78%, and 14 of the company's plants are now powered exclusively by energy from renewable sources. In addition, over 90,000 people from socially disadvantaged backgrounds have received employment assistance through L'Oréal's solidarity program.
L'Oréal For The Future's new sustainability program follows the same strategy of caring for the environment and striving to solve social problems, but with even more decisive steps. By 2025, all L'Oréal facilities will be carbon neutral and plastic packaging will be 100% reusable, recyclable or biodegradable.
The most impressive indicators are planned to be achieved by 2030. By this time:
all water used in the production of the concern will be 100% recycled and used in a closed water supply cycle;
all ingredients and packaging will be recyclable;
95% of the ingredients will be of biological origin (either sourced from common minerals or recycled);
100% of production waste will be recycled and then used again in production;
company will reduce by 50% greenhouse gas emissions associated with the transportation of funds.
Important news: each of us will be able to make a feasible contribution to the program. L’Oréal formulas are planned to be improved in such a way that in the course of their use people spend a quarter less water than they do today. L’Oréal also prepared a system for labeling products according to the degree of environmental impact and contribution to solving social problems. The environmental and social footprint is measured on a scale from A to E - and each buyer decides for himself which category of products to prefer.
L'Oréal is not only changing the business model for the future of the planet, but also providing targeted assistance here and now. 50 million euros have already been transferred to a charitable foundation to support women in difficult life situations. The company undertakes to provide assistance in finding employment to another 100,000 people from socially unprotected segments of the population. And to prevent further climate change and biodiversity loss, L’Oréal will soon allocate 100 million euros to restore natural ecosystems and develop the circular economy.