L'Oreal Renews Its Commitment to an Eco-Responsible Business Model Worldwide Leader in Cosmetics Works to Enhance the Quality of Life For Consumers Around the World Today and into the Future
NEW YORK, Oct. 6 /PRNewswire/ -- L'Oreal, the worldwide leader in cosmetics, published its fifth annual sustainable development report and renewed its commitment to operating a responsible and sustainable business. The new report reaffirms the company's aggressive commitment to reducing energy and water consumption, waste and CO2 emissions and highlights the numerous initiatives the company has undertaken to operate as a responsible and accountable global citizen.
For more than 100 years, L'Oreal has developed and produced the highest quality beauty products to enhance the beauty and grooming behaviours and preferences of consumers. Today around the world, the L'Oreal family of brands and products are viewed as among the safest, most high performing and innovative beauty care products available on the market. Behind its commitment to developing, manufacturing and making products that meet the needs and expectations of consumers in 130 countries, L'Oreal embraces sustainable business practices that establish, measure and report continuous improvement.
The company's focus and annual sustainability audit centers around seven key areas including: economic affairs, environment /health/safety, research and development, supply chain relations, employee relations, consumer relations and community engagement. In each area, the company has adopted best practices and set measurable goals for the organization to achieve.
"Values such as integrity, responsibility and respect for people and the environment have been a key part of L'Oreal's DNA from the early days," says Francis Quinn, Director of Sustainable Development. "We believe, as a leader in our industry, we need to be an authentic model for sustainability and we intend to set the bar high and work hard to meet the challenge."
Some notable achievements include:
- Strong Environmental Performance: Reduces in CO2 emissions- 23%, energy consumption -17%, water consumption -25% and waste -26% per finished product since 2003
- Pioneering Advanced Research: Receives international scientific validation for skin sensitivity testing using proprietary SkinEthic RHE (Reconstructed Human Epidermis) as an alternative to animal models
- Eco-Minded Product Stewardship: Develops biodegradable, "cradle to cradle" certified products like Kiehl's Since 1851 Aloe Vera Liquid Body Cleanser
- Serving the Wider Community: Distributes more than $25 million to causes and programs which: make science more accessible to women- For Women in Science; make education more widely available- Hairdressers Against Aids; and restore dignity and confidence- Look Good...Feel Better.
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L'Oreal is a worldwide leader in the cosmetics industry, developing innovative products to meet the diverse needs of consumers in 130 countries worldwide. With annual consolidated sales in 2008 of euro 17.542 billion, the company employs more than 67,500 people in 62 countries and manufactures 4.6 billion products in 42 manufacturing plants around the world. The prestigious portfolio of leading personal care products brands are developed by scientists in the company's 16 research & development centers around the world and includes: L'Oreal Paris, Garnier, Maybelline New York, SoftSheen·Carson, Lancome, Giorgio Armani, Shu Uemura, Yves Saint Laurent Beaute, Viktor & Rolf, Diesel, Cacharel, Kiehl's Since 1851, Ralph Lauren, Biotherm, L'Oreal Professionnel, Kerastase, Redken 5th Avenue NYC, Matrix, Logics, Mizani, PureOlogy, Vichy, La Roche-Posay, Sanoflore, Dermablend, SkinCeuticals and The Body Shop.