NEW YORK, Jan. 8, 2018 /PRNewswire/ -- L'Oréal announced today that it has been recognized for its worldwide leadership in sustainability, ranking as the top performing global company and best performing personal products company on Newsweek's 2017 Global 500 Green Rankings with a combined Newsweek Green Score of 89.90 percent.
"We're honored to be recognized by Newsweek for our sustainability practices, as these touch every aspect of our business," says Danielle Azoulay, Assistant Vice President of CSR & Sustainability at L'Oreal USA. "Sustainability drives our research and innovation in exciting ways and reinforces our commitment to our employees and the communities in which we operate. We're continuously pushing ourselves to innovate, produce and develop more sustainably while also helping to empower our customers to make more sustainable choices."
Through its global sustainability program, Sharing Beauty With All, L'Oréal is committed to reducing its environmental footprint, strengthening its positive social impacts and transforming how it operates, innovates, designs and manufactures its products. In 2017, for the second year in a row, L'Oréal was one of only two companies in the world to score an "A" for all three of CDP's programs for its efforts in climate protection, sustainable water management and the fight against deforestation. The CDP is an independent international organization which evaluates the environmental performance of companies.
Newsweek's Green Rankings is an annual assessment of the sustainability performance of the largest publicly-traded companies in the U.S. and the world by revenue. The ranking is based on eight sustainability and environmental indicators including energy use, greenhouse gas emissions, carbon and water productivity as well as the presence of executive, board and third-party oversight mechanisms.
To learn more about the 2017 Newsweek Green Rankings, visit Newsweek.com.
L'Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 34 diverse and complementary brands, the Group generated sales amounting to 25.8 billion euros in 2016 and employs 89,300 people worldwide. As the world's leading beauty company, L'Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce. Research and innovation, and a dedicated research team of 3,870 people, are at the core of L'Oréal's strategy, working to meet beauty aspirations all over the world. L'Oréal's sustainability commitment for 2020 "Sharing Beauty With All" sets out ambitious sustainable development objectives across the Group's value chain. www.loreal.com
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SOURCE L'Oreal USA