Commercial, GHG Emissions, Industrial - April 26, 2016
L'Oreal reports 56% decline in carbon emissions, 26% increase in production
Global cosmetics company L'Oreal claims it has reduced its carbon emissions by 56% from a 2005 baseline, while increasing production by 26% over the same period.
In its 2015 sustainability report, L'Oreal said the figures are proof that the company has decoupled its emissions from its growth. L'Oreal also said nine of its factories and distribution centers have reached carbon neutrality.
The company's Chairman and CEO Jean-Paul Agon said in the report:
[W]e are demonstrating what we have always believed: commitment to protecting the environment and economic performance can go hand in hand. We have also set ourselves another ambition for 2020: to be carbon-balanced, that is to offset our greenhouse gas emissions. We want to make our contribution to mitigating global warming by developing an innovative low-carbon business model.
Going forward, the company aims to cut emissions even further to reach 60% by 2020.across its locations, according to the report.
The rest of the corporation's emissions will be offset by generating "carbon gains" through the sustainable sourcing of raw materials in its supply chain, L'Oreal added.