L’Oréal Canada’s 2030 commitments to reduce environmental impacts
by CM staff
L'Oréal has reduced its environmental impact across their entire value chain and has set measurable targets for 2030 on climate, water, biodiversity and natural resources.
MONTREAL — L’Oréal Canada participated in a roundtable discussion about the responsibility businesses have in protecting and preserving biodiversity at the World Biodiversity Summit Held in Montreal Alongside COP15.
“We are the world’s leading beauty company, and with leadership comes responsibility,” said Maya Colombani, Chief Sustainability and Human Rights Officer, L’Oréal Canada. “Our approach is twofold—first inside our business, by reducing our impact while respecting planetary boundaries and second, beyond our business, by addressing some of the most pressing environmental challenges through our L’Oréal Fund for Nature Regeneration and our committed brands.”
Over the last ten years, the L’Oréal Groupe has reduced its environmental impact across their value chain and has set measurable targets for 2030 on climate, water, biodiversity and natural resources. Some of the 2030 targets include:
- 95 per cent of ingredients in formula will be biobased, derived from abundant minerals or from circular processes. L’Oréal is also ensuring that it sources the ingredients that nature gives us in a way that never harms it;
- 100 per cent of the bio-based ingredients for formulas and packaging materials will be traceable and will come from sustainable sources;
- Restoring one million hectares of degraded ecosystems, capturing up to 20 million tons of CO2 emissions and creating hundreds of job opportunities through our L’Oréal Fund for Nature Regeneration.
L’Oréal’s Yves Saint Laurent Beauty brand announced that they have strengthened their commitment to people and the planet with the Canadian launch of Rewild our Earth. This global program, developed in partnership with Re:wild, an NGO that works with 400 conservation partners in 84 countries to advance ecological restoration globally, aims to protect and restore 100,000 hectares of land by 2030 and to safeguard biodiversity in priority areas affected by climate change.
In Canada, the focus of this program will be on South Okanagan Grasslands, a key area for biodiversity conservation, in collaboration with a local operating NGO partner, The Nature Trust of British Columbia.
“The partnership with Re:wild demonstrates our philosophy that we all need to join forces – the private sector, NGOs, local communities and governments so that we will be able to reach the right level of scale,” said Colombani.