L'Oreal CSR Report

From Sunny Ricketts:

L’Oreal– CSR Report (2007/08)
Facts and Figures

- 25 Global Brands (Including: Redken, Garniier, Maybelline, Lancome, Giorgio Armani, Diesel, Ralph Lauren, and They Body Shop).
- 63,358 employees
- In over 130 countries
- 17,063 million in consolidated Euros
- 4.7 billion units manufactured annually
- 560 million Euros in ‘Research and Development’

QUOTE: “At the dawn of the 21st century, the world’s leading beauty company needs to be an authentic example in terms of sustainable development.”

L’Oreal’s Progress…

• They were rated as one of the 100 most sustainable companies in the world by Innovest and Corporate Knights in January 2008.
• They were named as one of the world’s most ethical companies by Ethisphere Magazine.
• They appointed a worldwide Director of Ethics and launched their new Code of Business Ethics.
• They signed up to the French Union of Advertisers’ (UDA) Charter on Responsible Communication to promote the positive impact of responsible corporate communication on society.
• They continued to reduce the amount of waste, CO2 emissions and water used, despite our growth.They also joined the Carbon Disclosure Project’s Supply Chain Leadership programme to work with suppliers on measuring their carbon emissions.
• They committed to action on climate change by Signing up to the Bali Communiqué, which called for a United Nations framework to tackle climate change.
• They got a step closer to eliminating animal testing with the approval by the EU of the skin irritation test on our Episkin model, and by the creation of a complete reconstructed living skin model (RealSkin).
• Working together with their suppliers, they assessed 10% of our raw materials using our raw material Sustainability Assessment Framework.
• They set up a Natural and Organic Centre of Excellence to develop products, and integrated six raw materials resulting from fair trade into our portfolio.
• Over 1,400 managers attended a two-day trainingcourse on diversity during 2007.
• CSR Europe, the leading European business network for CSR, identified our Observatories of Diversity and Social Cohesion as good practice.



L’Oreal’s Targets…
In 2008, they plan to continue their progress, with targetsincluding:
• Reducing our total CO2 emissions by 2%, and reducing waste by 5%,
• Sourcing all paper and board used in packaging from sustainably managed forests, ideally FSC-certified.
Recognition
L’Oréal’s sustainable development initiatives were widely recognised during 2007:

• Innovest and Corporate Knights rated L’Oréal as one of the 100 most sustainable companies in the world (January 2008).
• They were named as one of the world’s most ethical companies by Ethisphere Magazine.
• They were ranked by Merrill Lynch as a carbon leader.
• They continue to be members of the FTSE4Good, ASPI Eurozone and Ethibelsustainability indices.

Between 2003 and 2007 L’Oreal cut their energy use by -17%.