L’Oréal Groupe has secured its place on the A List of the global environmental non-profit CDP for the eighth consecutive year. This prestigious recognition highlights  L’Oréal’s leadership in environmental transparency and its exceptional performance in tackling climate change, protecting forests, and ensuring water security.

L’Oréal stands out as one of only ten companies worldwide to achieve a triple ‘A’ rating in 2023, a significant feat considering the extensive evaluation of over 21,000 companies. Remarkably, L’Oréal is the only company to have consistently earned an ‘A’ rating across all three environmental themes assessed by CDP for eight straight years.

CDP’s annual environmental disclosure and scoring process is globally recognised as the pinnacle of corporate environmental transparency. Aligned with the Taskforce for Climate-Related Financial Disclosures (TCFD), CDP operates the world’s largest environmental database, influencing investment and procurement decisions towards a zero-carbon, sustainable, and resilient economy.In 2023, a record 23,000 companies responded to the disclosure requests from over 740 financial institutions managing assets over US$136 trillion.

Nicolas Hieronimus, CEO of L’Oréal Groupe, expressed his pride in this achievement: “For L’Oréal, maintaining a triple ‘A’ rating for eight consecutive years is not only a great honour but also a testament to our commitment to a profound business transformation in line with climate science. This milestone, achieved under the visionary leadership of Alexandra Palt, our Chief CSR Officer, and through the dedication of all L’Oréal teams, inspires us to continue our efforts in addressing the pressing social and environmental challenges of our time.”

L’Oréal’s recognition by CDP accentuates its sustainable transformation and ambitious 2030 targets as part of its sustainability program, L’Oréal for the Future. The program is anchored on three pillars: transforming the company, empowering its business ecosystem, and contributing to global challenges. It encompasses commitments to tackle climate change, manage water sustainably, respect biodiversity, and preserve natural resources.

CDP employs a detailed and independent methodology to assess companies, awarding scores from A to D- based on disclosure comprehensiveness, environmental risk management, and best practices in environmental leadership. Companies failing to disclose or provide inadequate information receive an F score.

Sherry Madera, CEO of CDP, commended the companies on the A List, highlighting the 24 per cent  increase in disclosures in 2023: “The increasing trajectory of environmental transparency is commendable. It’s essential for companies to demonstrate their role in securing a net-zero, nature-positive future through consistent disclosure.”

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