L’Oréal has been hailed by the United Nations Global Compact (UNGC) for placing the Sustainable Development Goals (SDGs) at the core of its growth strategy.
The UNGC has recognised the beauty brand as a ‘LEAD’ company for its sustainable action and it has been a member of the UNGC since 2003.
L’Oréal has pledged to reduce its greenhouse gas (GHG) emissions across all scopes by 50% per finished product by and launched a €50 million (£42.8m) investing fund to restore one million hectares of degraded ecosystems.
Sanda Ojiambo, CEO of the UNGC, commented: “LEAD companies represent the highest level of engagement with the UN Global Compact.
“More than ever before, the world needs businesses of all sizes – like the ones announced as LEAD today – that continuously work to improve their sustainability performance and take action to build a better world.”
Alexandra Palt, Executive Vice President at L’Oréal, added: “The UN Global Compact’s recognition confirms L’Oréal’s longstanding commitments and efforts to help protect human rights, provide decent working conditions throughout its value chain and tackle urgent environmental challenges such as climate change and biodiversity loss.
“We have made significant progress but we won’t stop here. We have just ten years before us to show that change is possible.”