L’Oréal For The Future Summit Discusses Sustainability Initiatives
L’Oréal Middle East held its first inaugural L’Oréal For The Future Summit, concurrent to the ongoing discussions by leaders, policy-makers and activists gathered at COP27 in Egypt to address global environmental challenges.
The Groupe launched ‘L’Oréal for the Future’ in 2020, the second phase of its sustainability program with a set of ambitions achievable by 2030.
L’Oréal aims to be a catalyst for change in the beauty sector by leading the way in fighting climate change, measuring water sustainability, respecting biodiversity and preserving natural resources.
The Groupe has already reached several milestones in that mission, such as 100 of its industrial sites, including 25 factories, achieving carbon neutrality in 2021, and 67% of the PET plastic in its products being from recycled sources last year.
The company is also committed to achieving 100% carbon neutrality on all its sites by 2025 and recycling or reusing 100% of its industrial water and waste generated onsite by 2030.
By 2030, the Groupe will also move to 100% recycled or biobased plastics in its product packaging and reach the target of 100% refillable, reusable, recyclable or compostable plastic packaging.
The Groupe is also harnessing biotechnology through its Green Sciences program to create innovative, safe and effective products for consumers that do not harm the planet.
By 2030, 95% of the ingredients in its formula will be biobased and derived from abundant minerals or circular processes. By the same year, the company will have moved to 100% biobased ingredients and packaging material that will be traceable and come from sustainable sources.