The CDP is a not-for-profit organization providing a global system measuring and disclosing environmental information that evaluates the strategy, the commitment and the performance of companies regarding climate change mitigation.
This CDP ranking features companies considered as committed in protecting forests through their strategy and actions about sustainable sourcing of wood and timber, as well as palm oil, both raw materials most likely responsible for deforestation.
Information provided by 175 large companies was independently assessed against CDP’s scoring methodology – developed in collaboration with leading peers and experts in corporate deforestation risk management – and ranked accordingly by CDP’s partner, South Pole Group. Only eight of them have been awarded an “A”.
This distinction adds to the two previous “A” designations recently awarded by the CDP to L’Oréal for its actions in fighting against climate change, as well as for its sustainable water management.
All in all, out of 2,969 companies scored in 2016 by the CDP on three key topics, climate, sustainable water management and fighting against deforestation, L’Oréal is one of only two companies in the world to have achieved the best score, an “A”, in each of these three rankings.
“After recognising L'Oréal's performance in the fight against climate change and then sustainable water management, it is now the quality of our work for the protection of forests that is recognised by the CDP”, said Jean-Paul Agon, Chairman and CEO of L'Oréal. “L'Oréal's teams, committed on a day-to-day basis all over the world, can be proud of this triple recognition, which encourages us to go further and faster in the transformation of our company towards a more sustainable model”.
Through sustainable development commitments Sharing Beauty With All, L'Oréal is notably committed to reducing the environmental footprint of its plants and distribution centers by 60% between 2005 and 2020.