L'Oréal received an “A” grade for its actions and strategies for sustainable water management. The French company has been awarded a position on the Water A List by CDP, a not-for-profit that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. CDP used its scoring methodology, developed in collaboration with leading peers and experts in corporate water stewardship, to independently asses information provided by 607 large companies and rank them according to their achievements in water management.
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L'Oréal has committed to reduce its water consumption for production by 60% by 2020. During the period between 2005 and 2015, L'Oréal had already reduced its water consumption in plants and distribution centers by 45% since company’s teams had been working not only on taking measures to reduce water consumption, but also on developing innovative projects to reuse and recycle water at production sites.
Company’s best practices and leadership are highlighted in CDP’s new report “Thirsty business: Why water is vital to climate action”.
Jean-Paul Agon, Chairman and CEO of L'Oréal, said, “Water is a precious resource in danger and it is our responsibility to act in favor of its sustainable management. We are proud of this new recognition which highlights our commitment and the daily engagement of our teams, at all our industrial sites in the world”.
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L'Oréal has also made notable progress in management of its carbon footprint. Having set a target to reduce CO2 emissions from its production by 60% by 2020, company was able to reduce its CO2 emissions by 56% during the period between 2005 and 2015. For this, and also for its climate change strategy and the transparency of its policies, L'Oréal also received an “A” ranking, the highest level of performance on the Climate Disclosure Leadership Index (CDLI). L’Oréal has been recognized as a global leader for its climate change mitigation strategy for the fourth year in a row.
For more details, visit L'Oréal
Image: courtesy L'Oréal
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by Natalie Myhalnytska