L’Oréal USA Deepens Commitment to Action on Climate Change
Global Beauty Leader Joins Coalition for Innovative Climate and Energy Policy
Boston, Jul 16, 2015 /3BL Media/ - In advance of the United Nations Climate Change Conference which will take place this fall in Paris, L’Oréal USA announced today that it will further its commitment to sustainability by joining the Business for Innovative Climate & Energy Policy (BICEP) coalition, which advocates for broader clean energy policies. BICEP, a project of Ceres, is a coalition of businesses committed to working with policy-makers to pass meaningful energy and climate legislation that will enable a rapid transition to a low-carbon, 21st century economy. In 2008, BICEP was launched with five companies and has since expanded to 35 leading companies, such as General Mills, Nike, and eBay Inc., which represent a broad spectrum of business sectors.
As a coalition member, L’Oréal will work directly with key allies in the business community and relevant policy-makers in the global transition to clean energy. This work includes advocating for support and implementation of President Obama’s Clean Power Plan which will set the first-ever limits on carbon emissions from existing power sources in the United States. Under its global sustainability program, Sharing Beauty With All, L’Oréal pledges that 100 percent of products will have an environmental or social benefit and 100 percent of strategic suppliers will be evaluated on their social and environmental performance. In addition, carbon emissions in absolute terms, as well as water consumption and waste per finished product, will be cut by 60 percent.
“L’Oréal USA is deeply committed to reducing our carbon footprint and improving our environmental performance through innovative sustainability solutions,” said Jonathan Maher, Vice President of Corporate Social Responsibility & Sustainability for L’Oréal USA. The partnership with BICEP is another significant advancement in our strategy to promote more effective legislation that mitigates the risks of climate change and encourages the transition to a low-carbon economy.”
Last month, L’Oréal USA announced impressive reductions in CO2 emissions by 57 percent, from a 2005 baseline, which translates into a saving of nearly 60,000 metric tons of carbon dioxide. Reaching such a critical CO2 reduction milestone underscores the company’s long commitment to renewable energy and use of solar technology across its many facilities, representing today more than 35 million dollars in investment.
“L'Oréal USA is making incredibly strong progress on reducing its environmental footprint,” said Mindy Lubber, Ceres President. “We are thrilled that the company has joined the BICEP coalition to press for action on climate change during this critical year for the climate.”
Ceres is a nonprofit organization mobilizing business and investor leadership on climate change, water scarcity and other sustainability challenges is an advocate for sustainability leadership. Ceres mobilizes a powerful coalition of investors, companies and public interest groups to accelerate and expand the adoption of sustainable business practices and solutions to build a healthy global economy. Ceres directs the Investor Network on Climate Risk (INCR), a network of over 100 institutional investors with collective assets totaling more than $13 trillion. Ceres also directs Business for Innovative Climate and Energy Policy (BICEP), an advocacy coalition of 35 businesses committed to working with policy makers to pass meaningful energy and climate legislation. For more information, visit www.ceres.org or follow on Twitter @CeresNews.
L'Oréal USA is the largest subsidiary of the L'Oréal Group, the worldwide leader in beauty. L'Oréal USA manages a portfolio of 30 iconic beauty brands, including Carol’s Daughter, Clarisonic, Essie, Garnier, Giorgio Armani Beauty, Kérastase, Kiehl’s, Lancôme, L’Oréal Paris, Matrix, Maybelline New York, NYX, Redken, Urban Decay and Yves Saint Laurent Beauté. In addition to its corporate headquarters in New York City, L'Oréal USA has research, manufacturing and distribution facilities across 13 other states including Arkansas, California, Florida, Kentucky, New Jersey, Ohio, Texas and Washington with a workforce of more than 10,000 employees. For more information, visit www.LorealUSA.com or follow on Twitter @LOrealUSA