L’Oréal is a French personal care company that has been a leader in the beauty industry for over 100 years. Beyond just selling makeup and hair care products, L’Oréal has a strong commitment to sustainability and inclusivity that sets it apart from its competitors.
One of L’Oréal’s most notable sustainability initiatives is its “Sharing Beauty With All” program. Launched in 2013, the program sets ambitious sustainability targets for the company to achieve by 2020. These targets include reducing the company’s carbon emissions and water usage by 60%, and ensuring that 100% of L’Oréal’s new or renovated products have an improved environmental or social profile.
The company has made significant progress towards achieving these targets, with a 78% reduction in carbon emissions and a 40% reduction in water usage since 2005. L’Oréal has also been recognized for its sustainability efforts, receiving a top ranking on the 2020 CDP Climate Change A List.
In addition to its sustainability initiatives, L’Oréal is also committed to diversity and inclusion. The company has a strong stance on gender equality, with women making up 70% of its workforce and 64% of its board of directors. L’Oréal has also launched several initiatives to promote diversity and inclusion, including its “Women in Science” program and its “Beauty for All” program, which aims to make beauty products accessible to people of all ethnicities and skin tones.
L’Oréal has also taken steps to address systemic racism and promote inclusivity. In 2020, the company announced a €50 million “L’Oréal for the Future” program, which includes a focus on supporting organizations that promote social justice and fighting discrimination. The company has also partnered with several organizations, including the NAACP Legal Defense and Educational Fund and UNESCO, to advance these goals.
Overall, L’Oréal’s commitment to sustainability and inclusivity sets it apart from its competitors in the beauty industry. The company’s dedication to reducing its environmental impact and promoting diversity and inclusion makes it a leader not only in beauty, but in corporate social responsibility as well.