Beauty's beautiful and valuable "L'Oréal for the Future" mission is good for the world
L'Oréal Group wants to transform to create more change than ever before for the environment and society.
Examples of critical goals are:
- By 2025, all plants and distribution centers must be carbon neutral and use 100% renewable energy. As a result, this goal was already achieved by 58% in 2021.
- By 2030, 100% of the plastic used in the packaging of L'Oréal products will come from recycled plastic or bio-based sources. According to the company report from 2021, this mission was achieved by 21%.
- By 2030, 95% of the ingredients in product formulations must be biobased and come from abundant, renewable sources. Therefore, this goal was achieved by 60%.
- By 2030, 100% biobased ingredients for product formulations will be traceable and will come from sustainable sources. As a consequence, in 2021, this mission was achieved by 94%.
The world has faced many environmental challenges, so this has caused many companies to start adopting sustainable development policies for the environment. L'Oréal recognizes the importance of this point. Therefore, it brought a considerable transformation mission.
Taking the mission to the next level
L'Oréal has taken this mission to the next level to achieve even greater goals than ever before. A project dubbed “L’Oréal for the Future” reflects the company's view of its vision, goals, and responsibilities to tackle the world's challenges.
By 2030, the company will lay out new measurable targets based on the Science Based Targets initiative and will upgrade three critical environmental solutions:
1. Biodiversity conservation
2. Sustainable Water Management
3. Use of renewable resources
L'Oréal is not only committed to reducing its direct environmental impact. But also to minimize the impact of all activities with the Company's suppliers and consumers to ensure that business operations take into account a world where resources are limited and are fair to the communities where the Company works.
The set goals enable the company to cope with its overall impact. It also covers the entire value chain of the company. From product design to distribution, as well as the production process and the sourcing of raw materials.
Respect the contexts of the world
Scientists agree that Transcending or disregarding the “global contexts” will affect the safe ecosystems of humankind. The Company's mission is to operate within limits, whether to adapt to the world according to environmental science. Implement a transformation program to reduce the impacts on biodiversity, water resources, climate, and resources resulting from company activities.
Empowering the business environment to be sustainable
Bringing customers, suppliers, and consumers together is the company's responsibility. L'Oréal sets goals in this area. Allowing consumers to choose products that align with their values is essential. It started with a subsidiary brand, “Garnier,” allowing customers to assess a product's impact.
Solve global challenges
In the past, transgender women have always faced imbalances from global social crises—especially the risk of unemployment, loss of income facing violence in the country, or even sexual violence. L'Oréal has always been committed to supporting women's rights. Therefore, especially a new mission has been established to help women. The company has set up a €50 million charity fund to support the operations of local organizations and charities aimed at eliminating poverty. Help and support women in social and professional aspects. Ready to provide urgent assistance to women refugees and women with disabilities, including preventing and assisting victims of violence.
Tackling climate change is an urgent agenda. L'Oréal has invested €100 million to set up a fund, L'Oréal Fund for Nature Regeneration, to address its impact and meet its recovery goals. One million acres of degraded ecosystems, capturing 15-20 million tons of carbon dioxide and promoting the creation of hundreds of new jobs by 2030.
The budget was divided into two parts: the first 50 million euros will restore damaged natural ecosystems, especially water and forest environments.
On the other hand, another 50 million euros will go towards financing projects related to the circular economy. Prepare to support the development of new solutions and business models, especially in the recycling and plastic waste management group.
The aforementioned “L’Oréal for the Future” sustainability projects cover all L’Oréal brands. Therefore, it benefits consumers who want to choose beauty products that are good for the world. In Thailand, L'Oréal has 15 brands in various groups: L'Oreal Paris, Garnier, Maybelline New York, Lancome, Biotherm, Giorgio Armani, Kiehl's, Chu Uemura, Yves Saint Laurent, It Cosmetics, L'Oreal Pro. Fessional, Kerestas, La Roche-Posay, Vichy and Ceravie.
