For the eighth year in a row, the L'Oréal Groupe joins the A List of global environmental non-profit CDP, as part of companies leading the way in environmental transparency and demonstrating outstanding performance in addressing climate change, protecting forests and ensuring water security.
L’Oréal is one of only 10 companies that achieved a triple ‘A’ in 2023, out of over 21,000 companies scored, and stands as the only company to have earned an 'A' rating across all three environmental themes assessed by CDP for eight consecutive years.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency.
"For L'Oréal, it is both a great honour and a source of immense pride to have maintained a triple 'A' rating for the eighth consecutive year," said L’Oréal Groupe CEO, Nicolas Hieronimus.
"I view this achievement as an encouragement to persist in the efforts we initiated as the world leader in beauty when we made the pivotal decision to profoundly transform our business in accordance with what the latest climate science requires."
This recognition highlights the sustainable transformation undertaken by L'Oréal Groupe and its ambitious targets for 2030 as part of its sustainability program, L'Oréal for the Future.
This program is built on three pillars: transforming ourselves, empowering our business ecosystem, and contributing to solving global challenges, across specific commitments to tackle climate change, manage water sustainably, respect biodiversity, and preserve natural resources.
"Significant milestones have already been reached thanks to the dedication of all L'Oréal teams under the visionary leadership of Alexandra PALT, our Chief CSR Officer, and the close collaboration with our entire ecosystem," said Hieronimus.
"Considering the magnitude of the social and environmental challenges before us, the only viable response is a collective one, and we are committed to actively contribute to this shared effort."
A detailed and independent methodology is used by CDP to assess these companies, allocating a score of A to D, based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership. Those that don’t disclose or provide insufficient information are scored an F.
"Congratulations to all the companies on CDP’s A List, and those companies that started or accelerated their journey towards environmental transparency in 2023 – we saw a 24% increase of disclosures last year and that trajectory is to be applauded," said CDP CEO, Sherry Madera.
"It is only by laying the groundwork of disclosure that companies can show they are serious about the vital part they play in securing a net-zero, nature-positive future."
The full list of companies that made this year’s CDP A List is available here.
