L'Oreal Says It Has Reduced Environmental Footprint Of 74 Percent Of New Products In 2015

L’Oreal said 74 percent of its new or renovated products have an improved environmental or social profile in 2015, against the company’s 100 percent target. According to the company, the calculation corresponds to 85 percent of volumes of products manufactured and includes all product categories, but excludes range extensions. Also, the company said 22 percent of new or renovated products have become more environment-friendly, due to a new formula that lowers their impact on the environment. In addition, 14 percent have an improved social profile because they include raw materials from Solidarity Sourcing programs, while 43 percent have an improved environmental profile, due to a reduction in the environmental footprint of packaging.