L’Oreal Granted Triple-A for Environmental Achievement for 7 Consecutive Years

The list includes L'Oreal, LVMH and Kao. Only 12 companies that achieved Triple-A, out of more than 15,000 companies scored.

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(Credit: CDP)

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2022, over 680 investors with over US$130 trillion in assets and 280 major purchasers with US$6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. A record-breaking 18,700 companies responded.

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, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are scored an F. 

(Credit: CDP)

L’Oréal is the only company that received the CDP Triple-A rating for the seventh year in a row.

Nicolas Hieronimus, CEO of L’Oréal, said: “As the world’s leading beauty company, I believe that we have a duty to lead by example. We want to leverage our scale to become a catalyst of change and mobilize all parts of our ecosystem to address the pressing climate and environmental challenges we all face. By working together, we can create the beauty that moves the world.”

Antoine Arnault, head of communication, commented: “Given our deep dependency on biodiversity, LVMH is particularly committed to scaling up regenerative practices within its supply chain that bridge the preservation of biodiversity and the fight against climate change.”

In addition, Firmenich and Beiersdorf also obtained 3A evaluation. Source: CDP, L’Oréal, LVMH