LOreal
Carbon footprint
Primary Climate Goal
LOreal aims to achieve carbon neutrality for Scope 1 + 2 by 2025
Secondary Climate Goal
LOreal aims to reduce all Scopes by 25% by 2030 from a base year 2016
GHG emissions and Carbon intensity
LOreal reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 25 Kt (-13 /-34.5% y-o-y). Also positively, carbon intensity declined to 0.6 t (-0.4 /-40% y-o-y).
LOreal's Scope 3 emissions was down at 11,245 Kt (
The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2025, which translates into the estimated reduction of -8.4 Kt per annum over the period of FY2023 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.
Also, the company commits to reducing all Scopes by 25% by 2030 from a base year 2016, which translates into the estimated reduction of -659 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.
LOreal aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2025. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.