L'Oréal continues to source palm oil from suppliers which cause deforestation & biodiversity loss
The beauty industry uses 18% of the global palm oil production1;p1, which stood at 72.27 million tons in 20192. The expansion of palm oil cultivation can affect 54% of threatened mammals and 64% of threatened birds in the world3. The destruction of habitat has also threatened 193 species worldwide4, including the Borneo orangutan, elephant, and Sumatran tiger11.
L'Oreal SPOTS Project Decreases Palm Oil Related Deforestation
In 2015, L'Oreal launched SPOTS (Sustainable Palm Oil and Traceability with Sabah small producers), a 5-year project aimed at reducing deforestation in Malaysia by improving the traceability of supply chains, promoting RSPO certification and introducing smallholders to sustainable production practices1.
L'Oreal recognized by Arborus wins GEEIS-SDG Trophy for promoting gender equality in China
Women in China remain deprived of job opportunities despite its exponential economic growth 1. In the 1980s, 80% of women participated in the female workforce in China. This number dropped down to just 68.6% in 2018 2. According to Human Rights Watch, in 2018, 19% of national civil service job postings included requirements like “men preferred” and “suitable for men” 1.
L’Oréal’s proven track record and ambitious targets for emissions reductions
While it is true that climate change poses an existential threat to humanity, it can also be viewed as a significant opportunity for businesses around the world. From aligning better with investors, to enhancing the resilience of the supply chain, and to immense cost savings in the short and long term, innovating for climate change will allow businesses to stay far ahead of their competitors1.
L'Oreal joins efforts to fight COVID-19 with aid packages for Europe, the US and India
L’Oreal, the world leader in beauty products with over 4,9 billion € operating profit1 and current presence in over 140 countries globally2, launched a number of measures in several countries to contribute towards fighting the current COVID-19 pandemic.