TESTIMONIES OF OUR STAKEHOLDERS “L’Oréal is showing truly market-leading ambition and holistic thinking with a suite of ambitious new targets across climate, water, biodiversity and resource use, covering the whole value chain and building on L’Oréal’s sciencebased target, which is aligned with a 1.5°C future. To achieve a sustainable economy that prospers within planetary boundaries, this is what we need all companies to be doing.” Dexter Galvin, Global Director of Corporations & Supply Chains, CDP “We began working with L’Oréal in 2017 when we were seeking partners to join us in developing and commercialising our innovative enzymatic PET recycling technology. L’Oréal rapidly wanted to play a more significant role in our group our partners, which immediately showed us that the company’s sustainability commitments translate into concrete actions and the provision of human, technical and financial resources, which is regrettably not always the case within corporate collaborations.” Martin Stephan, Deputy Director General of CARBIOS “We are pleased to see L'Oréal build on the New Plastics Economy Global Commitment 2025 targets, raising their ambition level further for 2030. Reducing their packaging intensity through innovations in reuse models, concentrated products, and packaging design, along with fully decoupling their use of plastics from virgin fossil resources by 2030, will significantly contribute towards a circular economy for plastic, in which it never becomes waste or pollution.” Sander Defruyt, New Plastics Economy Lead at the Ellen MacArthur Foundation “We started working with L’Oréal about five years ago on their Carbon Balanced programme. Focused on insetting, the programme is among the most ambitious and forward looking in the world of corporate sustainability and positively impacted ecosystems and communities around the world. No wonder many other companies are now following L’Oréal’s leadership and are employing insetting strategies themselves. Beyond climate, L’Oréal has a very holistic sustainability strategy, encompassing forest conservation, communities, water and biodiversity among other topics. At South Pole, we feel very honoured to be able to support L’Oréal to realise their ambitious sustainability visions.” Christopher Politano, Sustainability Adviser, South Pole “L’Oréal and DB Schenker share the same view on sustainability challenges, and therefore for many years have collaborated to reduce both the negative social and environmental impacts of their shared logistics networks. As a business leader in transport and logistics, DB Schenker has supported L’Oréal in implementing its sustainability strategy, Sharing Beauty with All. In the same way, L’Oréal’s initiatives have enabled DB Schenker to make further progress in this area.” Tariel Chamerois, Head of Sustainability, France & Maghreb, DB Schenker