L'Oreal Sets Green Goals and Promotes an Eco-Responsible Business Model

Apr 21, 2009, 16:00 ET from L'Oreal

L'Oreal establishes a long-term environmental plan for 2005-2015

NEW YORK, April 21 /PRNewswire/ -- In conjunction with the celebration of Earth Day (April 22, 2009), L'Oreal today announces its renewed commitments to reducing environmental impact and resource use with absolute reductions and greater eco-efficiency, while maintaining a safe and healthy workplace.

Renewed Commitments: 2015 Targets Raise the Bar for Environmental Performance

In the field of Sustainable Development, L'Oreal has established three significant long-term environmental 2005-2015 targets for its factories and warehouses:

    -  Reduce greenhouse gas emissions 50%
       In 2005, the total CO2 emissions were 230.3 thousands of tons.

    -  Reduce water use per unit of finished product 50%
       In 2005, the water consumption was of 0.72 litre per finished product.

    -  Reduce waste generated per unit of finished product 50%
       In 2005, the waste generated per unit of finished product was of 32.2

These reductions will be measured on a like-for-like basis. In addition to these benchmarks, L'Oreal will continue to publish annual goals and progress for other important environmental and safety indicators.

These renewed goals reflect the L'Oreal Group's commitment in meeting its previously published targets: over the past year, L'Oreal has reduced total CO2 emissions by 6.6%, (-11.5% since 2005), reduced water use per finished product by 3.8% (-13% since 2005), and reduced waste per finished product by 0.5% (-10.1% since 2005) while increasing its recycling rate to 95%.

"At the dawn of the 21st century, the world's leading beauty company needs to be an authentic example in terms of sustainable development. This long-term, self-imposed commitment sets the bar high and we intend to put all our forces behind it to ensure that we rise to the challenge," comments Jean-Paul Agon, CEO of L'Oreal.

Promoting an Eco-Responsible Business Model

L'Oreal makes use of several different internationally-recognized Environmental, Occupational Health and Safety (EH&S) management systems including ISO 14000 and OHSAS 18000. L'Oreal is committed to an eco-responsible approach focused on understanding all the impacts of its business and considers all stages in the research process and selection and procurement of raw materials, from dialogue with the suppliers to the end of the life of the finished products.

This approach demonstrates a new step in fulfilling L'Oreal's commitment to address the environment expectations of consumers the world over.

L'Oreal has an established track record of significant environmental achievements over the last several years. For these accomplishments and others, we have been recognized as one of the 100 most sustainable companies by Innovest and Corporate Knights in 2008 and 2009.