THE WHAT? L’Oréal has been awarded the Terra Carta 2021 Seal, which recognises global companies driving innovation and demonstrating their commitment to the creation of genuinely sustainable markets.
THE DETAILS The Seal has been awarded to companies whose ambitions are aligned with those of the Terra Carta, a recovery plan for ‘nature, people and planet,’ launched in January 2021.
L’Oréal is one of 45 companies that has been awarded the Seal, with the company working towards aligning with the 1.5C goal and reducing its greenhouse gas emissions of all scopes by 50 percent per finished product (25 percent in absolute terms), by 2030.
As part of its L’Oréal for the Future sustainability program, it also aims to to help restore one million hectares of degraded ecosystems by 2030, thanks to the L’Oréal Fund for Nature Regeneration – a 50 million euro impact investing fund.
THE WHY? The award is given to companies in a leadership position within their industries, and who have ‘solid roadmaps underpinned by globally recognised, scientific metrics for achieving net zero by 2050 or earlier.’
His Royal Highness The Prince of Wales, said: “The Terra Carta Seal recognises those organisations which have made a serious commitment to a future that is much more sustainable, and puts Nature, People and the Planet at the heart of the economy. We all need to make changes if we are to preserve the planet for our children and grandchildren and these businesses have pledged to make it easier for us all to do so.”