For the third consecutive year, L’Oréal has been named a global leader in corporate sustainability by CDP, the environmental impact non-profit, which today named it’s ‘A List’ for 2018. The recognition comes for the beauty leader’s efforts in climate change, water security, and forests—all three environmental themes covered by CDP scores. L’Oréal is one of only two companies to achieve a Triple-A CDP score for 2018, and the only company in the world to do so three years in a row.
Every year, over 6,800 companies disclose data about their environmental impact, risk, and opportunities to CDP for independent assessment against its scoring methodology. Companies receive CDP scores from A to D- based on how effectively they are tackling climate change, deforestation, and water security; those that don’t disclose or fail to provide sufficient information receive an ‘F.’
L’Oréal’s Triple-A CDP score is in recognition of the company’s actions in the last reporting year (2018), to mitigate climate risks, tackle deforestation in its supply chain, enhance water stewardship, and lead the new sustainable global economy.
“It is once again an honor for L’Oréal to be awarded an A in all three CDP rankings. L’Oréal is the first and only company in the world to have achieved a triple ‘A’ score for the third year in a row,” said Jean-Paul Agon, chairman and CEO of L’Oréal. “Sustainability drives our research, our innovation, and our operations in exciting ways and reinforces our commitment to our employees and the communities in which we operate. L’Oréal’s teams, committed on a day-to-day basis all over the world, can be proud of this recognition, which demonstrates L’Oréal’s strong commitment on the path to transformation toward a more sustainable model and encourages us to go further and faster in tackling the major environmental challenges that the world faces today.”
Commenting on the 2018 A List, Paul Simpson, CEO of CDP, says, “As the severity of environmental risks to business becomes ever more apparent, these are the companies that are positioning themselves to provide solutions, seize new market opportunities, and thrive in the transition to a sustainable economy. We need to urgently scale up environmental action at all levels in order to meet the goals of the Paris Climate Agreement and the Sustainable Development Goals. It’s clear that the business world is an essential player in this transition and the A List companies are set to make a substantial contribution to these goals.
As part of L’Oréal’s global sustainability program, Sharing Beauty With All, the company has pledged an end to virgin plastic by 2025. L’Oréal is working with The Ellen MacArthur Foundation’s New Plastics Economy to transition all products to 100% reusable, recyclable or compostable packaging by 2025.
The full list of companies that made the 2018 CDP A List is available here.
L’Oréal scored No. 1 on Beauty Packaging's list of Top 20 Global Beauty Companies. See the details on all 20 here.