The Prince of Wales Awards L’Oréal the Terra Carta 2021 Seal

The Prince of Wales awarded L’Oréal the Terra Carta 2021 Seal. The seal recognizes global companies driving innovation and demonstrating their commitment to, and momentum toward, the creation of genuinely sustainable markets. It is being 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.


Since 2005, L’Oréal has reduced its industrial sites’ CO2 emissions by 81% while production volume increased by 29% during the same period. Ninety-six percent of the products launched in 2020 by the Group’s brands had an improved environmental or social profile. With L’Oréal for the Future, its second sustainability program, L’Oréal is further accelerating its sustainable transformation. Among other commitments, it has pledged to:
  

• Align with the 1.5°C scenario, reducing its greenhouse gas emissions of all scopes by 50% per finished product (25% in absolute terms), by 2030;
• Help restore by 2030 one million hectares of degraded ecosystems thanks to the L’Oréal Fund for Nature Regeneration, a 50 million euro impact investing fund;
• Ensure 100% of plastic packaging will be refillable, reusable, recyclable or compostable by 2025. By 2030, 100% of the plastics used in L’Oréal’s product packaging will be either from recycled or biobased sources; and
• Help 100,000 people from disadvantaged communities gain access to employment by 2030.

 
“The Terra Carta Seal recognizes those organizations 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,” said Charles, Prince of Wales. “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.”

The Terra Carta Seal has been awarded to L’Oréal and other companies who hold a leadership position within their industry and who have solid roadmaps underpinned by globally recognized, scientific metrics for achieving net zero by 2050 or earlier.
 
“Being awarded the Terra Carta Seal is recognition of the progress made in our sustainable transformation to date and an opportunity to reinforce our commitment to playing an ongoing leadership role in protecting nature, people and planet,” said Alexandra Palt, EVP-chief corporate responsibility officer and EVP-Fondation L’Oréal. 
 
Palt continued, “At L’Oréal, we want to demonstrate that companies can be part of the solution to some of today’s most pressing challenges. Increasingly, companies are understanding that it will not be possible to thrive in a society that is not inclusive or sustainable, and that the cost of inaction will be unaffordable.”