L'Oréal

"Checking hallucination..."

Current Score (vs. LY)

60.0 pts (-)

Last Update: Dec. 12, 2023

Current Rankings

Global: #42

CAC40: #14

Consumer Staples: #7

91.7%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

56.2%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

33.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 27,70043,10049,982
Scope 2 - location-based NANA160,393
Scope 2 - market-based 10,60012,60032,512
Scope 1-2 - location-based 27,70043,100210,375
Scope 1-2 - market-based 38,300 55,700 82,494
Scope 3 12,488,00011,169,00011,682,060
Total - location-based 12,515,70011,212,10011,892,435
Total - market-based 12,526,300 11,224,700 11,630,335

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 33,410,25228,196,995
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

L'Oréal belongs to the sector Consumer Staples.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 25.0 2016 2030

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050

Science-based Targets (SBTI)

Date Published / Updated :01/05/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 Targets Set : 1.5°C by 2050 Yes by 2050
L'Oréal is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target: L'Oréal commits to reach net-zero greenhouse gas emissions across
the value chain by 2050.
Near-Term Targets: L’Oréal commits to reduce absolute scope 1 and 2 GHG emissions 57% by
2030 from a 2019 base year.* L’Oréal also commits to reduce absolute scope 3 GHG emissions
from purchased goods and services, upstream transportation and distribution and business
travel 28% within the same timeframe.
*The target boundary includes land-related emissions and removals from bioenergy feedstocks.
Long-Term Targets: L'Oréal commits to reduce absolute scope 1 and 2 GHG emissions 90% by
2050 from a 2019 base year.* L'Oréal also commits to reduce scope 3 GHG emissions 90%
within the same timeframe.
*The target boundary includes land-related emissions and removals from bioenergy feedstocks.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for L'Oréal by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) No

Additional notes: L’Oréal Fund for Nature Regeneration: "this 50 million euro fund was designed with an innovative new approach: it is an impact investment fund, which means it can secure a return on investment while also creating positive environmental and social value. Its portfolio includes projects that support the regeneration of degraded land, mangroves as well the restoration of marine areas and forests.[...] By 2030, the Fund will have helped capture 15 to 20 million tons of CO2 emissions."

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 7.5 10.0 -
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 -
Transparency 27.5 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 2.4704909758756464 10.0 -
7 Targets are science-based as validated by SBTi 10.0 10.0 -
Commitments 22.47049097587565 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 10.0 10.0 -
Results 10.0 30.0 -
Total 60.0 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 -
Does the net zero target include all the emissions? yes 4.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 2.5
2.5 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %): 8.9
Actual (in %): 3.6
0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %): 2.5
Actual (in %): -11.6
0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 -
Total 60.0 / 100.0 -


Available Data Sources

Reporting Year 2021 2021 2020 2020 2019 2018
Source Public NZPDU Public NZPDU NZPDU NZPDU
Publication Year 2023 2022 2023 2021 2020 2019
Scope 1 27,700 27,668 43,100 43,134 49,982 54,282
Scope 2 - location-based NA 160,368 NA 133,578 160,393 168,953
Scope 2 - market-based 10,600 12,971 12,600 13,572 32,512 38,871
Scope 1-2 - location-based 27,700 188,036 43,100 176,712 210,375 223,235
Scope 1-2 - market-based 38,300 40,639 55,700 56,706 82,494 93,153
Scope 3 12,488,000 12,487,564 11,169,000 11,168,803 11,682,060 11,855,449
Total - location-based 12,515,700 12,675,600 11,212,100 11,345,515 11,892,435 12,078,684
Total - market-based 12,526,300 12,367,500 11,224,700 11,084,748 11,630,335 11,811,444

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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