12 L’Oréal for the Future Contributing to solving the challenges of the world Pillar III “We wish to reaffirm our commitment to the environment and to the preservation of biodiversity, and to help address the social crisis for women. These two causes reflect the values and the historic commitment of L’Oréal.” Jean-Paul Agon , Chairman and Chief Executive Officer of L’Oréal At L’Oréal, we have long been committed to making a positive contribution to society. The time has come to accelerate our efforts. We want to demonstrate that companies can be part of the solution to the challenges the world is facing and, to do so, we are allocating 150 million euros to address urgent social and environmental needs. SUPPORTING HIGHLY VULNERABLE WOMEN The crisis triggered by the Covid-19 pandemic exacerbated many existing inequalities, with devastating effects on those who were already struggling socially or economically or were victims of abuse, especially women. For this reason, L’Oréal, which has long been committed to supporting women’s rights, is creating a 50 million euro charitable endowment fund to support on the ground organizations and local charities in their efforts to: • help women out of poverty, • help women achieve social and professional integration, • provide emergency assistance to refugee women, • provide emergency assistance to disabled women, • prevent domestic/sexual violence against women and support survivors, • overcome obstacles to women and girls' access to education. TAKING OUR COMMITMENT TO PROMOTE A CIRCULAR ECONOMY TO A NEW LEVEL Conscious of the urgent need to reduce plastic pollution, one of today’s most pressing environmental issues, we are continuing our efforts to reduce single-use plastics and plastic waste. To do this, we are creating a 50 million euro impact investing fund that will finance innovative projects in the field of recycling and the management of plastic waste. We are aiming for breakthroughs: our ambition is to accelerate the development of innovative, responsible solutions and the creation of new business models that will help promote a more circular economy. CONTRIBUTING TO THE REGENERATION OF NATURE We believe reducing our impact is necessary but insufficient and that the damage that has already been done needs to be repaired. To help tackle this problem, we want to go beyond our efforts to reduce our impact on biodiversity across our value chain and contribute to repairing natural ecosystems. This is why we are creating the L’Oréal Fund for Nature Regeneration. As a 50 million euro Impact Investment fund, it will simultaneously generate positive social and environmental impacts as well as economic returns with a single purpose: to support projects restoring degraded marine and terrestrial habitats. More specifically, the portfolio will include projects that support the restoration of degraded land, the regeneration of mangroves as well the restoration of marine areas and forests. Beyond ecological restoration, these projects will also help address the social needs of surrounding communities through the development of sustainable livelihood opportunities (sustainable agriculture and fisheries, ecotourism, commercialization of carbon credits). They will live in a healthier environment, enjoy new economic opportunities and enhanced resilience to climate change. • By 2030, the L’Oréal Fund for Nature Regeneration will have helped restore one million hectares of degraded ecosystems. • By 2030, the Fund will have helped capture 15 to 20 million tons of CO 2 . • We will have created hundreds of job opportunities.