Commercial, GHG Emissions, Industrial, Commercial, Industrial, Sourcing Renewables - May 22, 2017
L'Oreal signs global environmental management deal
Global cosmetics company L'Oreal recently announced it signed a deal with Paris-based Suez Environnement SA for continuous improvement of environmental performance and optimization of resource management throughout its value chain.e
Through a memorandum of understanding, signed for an initial period of three years, Suez will partner with L'Oreal, covering its industrial, administrative and research centers around the world, to find "innovative solutions to favor sustainable production, to work together to tackle climate change," among a host of other objectives.
One of the key objectives of the agreement, according to a May 9 news release on the agreement, is to help L'Oreal improve its renewable energy mix and increase the number of its "carbon neutral" sites through measurement, monitoring and optimization of the company's energy consumption and waste treatment systems.
L'Oreal has been actively working to improve its energy productivity and reduce its carbon emissions for years. In April, the company announced it exceeded its corporate target of a 60% reduction in CO2 emissions four years ahead of schedule while increasing its production by 29% during the same period.
"For a long time now, L'Oreal has been committed to reducing its environmental impacts with renowned performance on a global scale," L'Oreal Executive Vice President of Operations Barbara Lavernos said in a statement. "In 2016, the CDP awarded us a triple A rating for our water management, carbon impact and work to tackle deforestation. This partnership with SUEZ will enable us to take our work even further by using the best technology and innovative solutions to make our environmental performance even better."
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