09.15.23
L’Oréal Groupe announced a new €15 million (roughyly $16 million) endowment fund to support vulnerable communities to develop greater resilience in the face of climate disasters. The L’Oréal Climate Emergency Fund will support communities in the most exposed areas by enabling expert partner organizations to help them prepare for and recover from climate disasters.
The L’Oréal Climate Emergency Fund will reach vulnerable communities through partnerships with both local disaster relief organizations and international NGOs. The beauty giant says it builds on L’Oréal Groupe’s longstanding commitment to address growing humanitarian and environmental challenges, bringing the Groupe’s total investments to more than EUR200 million across several funds, such as the L’Oréal Fund for Nature Regeneration, the Circular Innovation Fund and the L’Oréal Fund for Women.
“As an industry leader, L’Oréal has a responsibility to address the world’s most urgent environmental and social needs,” said Alexandra Palt, chief corporate responsibility officer, L’Oréal Groupe and CEO of the Fondation L’Oréal. “The urgent climate crisis we are facing necessitates action on all fronts and calls for global collaboration at every level. With the new Climate Emergency Fund, we are expanding on our commitments to help build resilience for vulnerable communities, together with organizations deploying innovative solutions on the ground.”
You can listen to Palt speak about the fund here.
The funds will be directed towards two types of actions: Prepare—to help minimize the impact of climate disasters before they occur, through disaster planning and early warning systems; and Repair—to restore essential infrastructures and vital services such as healthcare, housing and access to food and water when disaster strikes.
The first two L’Oréal Climate Emergency Fund recipients are The Solutions Project, a US-based non-profit organization, and Start Network, a global alliance of more than 80 local, national and international NGOs. Both work with people on the frontline to provide early and effective responses when and before humanitarian crises strike, according to the beauty company.
The L’Oréal Climate Emergency Fund will reach vulnerable communities through partnerships with both local disaster relief organizations and international NGOs. The beauty giant says it builds on L’Oréal Groupe’s longstanding commitment to address growing humanitarian and environmental challenges, bringing the Groupe’s total investments to more than EUR200 million across several funds, such as the L’Oréal Fund for Nature Regeneration, the Circular Innovation Fund and the L’Oréal Fund for Women.
“As an industry leader, L’Oréal has a responsibility to address the world’s most urgent environmental and social needs,” said Alexandra Palt, chief corporate responsibility officer, L’Oréal Groupe and CEO of the Fondation L’Oréal. “The urgent climate crisis we are facing necessitates action on all fronts and calls for global collaboration at every level. With the new Climate Emergency Fund, we are expanding on our commitments to help build resilience for vulnerable communities, together with organizations deploying innovative solutions on the ground.”
You can listen to Palt speak about the fund here.
The funds will be directed towards two types of actions: Prepare—to help minimize the impact of climate disasters before they occur, through disaster planning and early warning systems; and Repair—to restore essential infrastructures and vital services such as healthcare, housing and access to food and water when disaster strikes.
The first two L’Oréal Climate Emergency Fund recipients are The Solutions Project, a US-based non-profit organization, and Start Network, a global alliance of more than 80 local, national and international NGOs. Both work with people on the frontline to provide early and effective responses when and before humanitarian crises strike, according to the beauty company.