L'Oréal, a member of ÇEVKO, has crowned its success in sustainability by receiving an A in all three programs of the Carbon Disclosure Project (CDP) alongside another company. This success was due to the reduction of carbon emissions, increase in water protection, the follow-up against the destruction of the forests within the supply chain, and the leadership in a new and sustainable economy.
Jean-Paul Agon, the CEO of L'Oréal said, "We are very proud to be one of the two companies that received three A points from CDP. At this point, we have come half way towards our 2020 targets, and are in a very comprehensive transformation in order to reach the goals that we have set up for ourselves on a larger scale, specifically for the protection of the climate, sustainable water management, and the protection of the forests. This success of ours emphasizes our environmental awareness and thus motivates us to increase our efforts on the subject."
On the 2017 A List there are 160 global companies that have been given A points by CDP on climate, water, and forests; and this list has been formed on the demand of 827 investors who own assets worth more than 100 trillion American dollars. Thousands of firms present their annual environment reports to CDP to be independently evaluated according to the scoring methodology.
The 2017 evaluation of CDP has shown that more and more companies are setting up long term climate targets, and that the passage to low carbon economy is encouraging product innovation and the use of new tools. Following the AAA points given by CDP, L'Oréal has taken another step to emphasize its responsibility towards the environment and commitment to sustainability.
L'Oréal has got into a consortium for five years with CARBIOS, one of the pioneer companies in bioplastic surgery, and has signed an agreement to start a biological recycling technology that will be designed and developed on an industrial scale. Currently, L'Oréal is using almost 100% recyclable plastic in various products, and aims to take it further by making biological recycling used on the sector scale with the innovative CARBIOS technology.