The carbon zero project established at the Settimo factory aims to achieve carbon neutrality by working on an innovative energy mix – the factory is heated in winter
By creating the L’Oréal Fund for Nature Regeneration, L’Oréal aims to go beyond reducing impacts within its value chain to contribute to the restoration of degraded natural ecosystems, on land and below water.
Funding carbon capture projects.
L’Oréal is convinced that reducing its impacts is necessary, but that is not enough.
The company therefore wishes to go beyond its efforts to reduce its impact on biodiversity across its whole value chain, by contributing to restoring degraded natural ecosystems.
That’s why L’Oréal has created the L’Oréal Fund for Nature Regeneration. This €50 million impact investing fund simultaneously generates financial returns and positive social and environmental impacts, and all this with the aim of supporting projects that restore degraded natural habitats on land and below water.
Managed by the Mirova management consultancy, a subsidiary of Natixis, the L’Oréal Fund for Nature Regeneration’s investment portfolio includes, for example, projects supporting the restoration of degraded soils and the regeneration of mangroves, as well as the restoration of marine and forest zones.
Beyond ecological restoration, these projects contribute to addressing the needs of local communities through the development of sustainable revenue streams (sustainable agriculture and fishing, ecotourism and the commercialisation of carbon credits). It will also support the consolidation of a healthier environment that is more resilient to climate change, and the development of new economic opportunities.
By 2030, the L’Oréal Fund for Nature Regeneration will make it possible to:
- Restore a million hectares of degraded ecosystems
- Capture 15 to 20 million tonnes of CO2
Create hundreds of employment opportunities.
Direct emissions generated by the company's activity.
Indirect emissions associated with the company's electricity and heat consumption.
Emissions induced (upstream or downstream) by the company's activities, products and/or services in its value chain.
Carbon sinks creation, (BECCS, CCU/S, …)
Emissions avoided by the activities, products and/or services in charge of the project, or by the financing of emission reduction projects.
Emission removal - Funding carbon capture projects.
- Quantification: 15 to 20 million tonnes of CO2 between 2020 and 2030.
Les méthodes de calculs seront celles liées à la génération de crédits carbone certifiés par les projets financés.
By restoring a million hectares of degraded ecosystems, the fund is contributing to the following SDGs :
- SDG 14 Life below water
- SDG 15 Life on land.
It will also enable the creation of around a hundred job opportunities, thereby contributing to SDG 8, Decent work and economic growth.
This impact investing fund was launched in partnership with Mirova Natural Capital.
The investments will take place in partnership with all types of organisations (NGOs, public authorities, start-ups etc) through lending or capital investment.
L'Oréal’s other projects :
The partnership between L’Oréal and the environmental start-up Gjosa has enabled us to design an innovative low flow shower head coupled with an easy-to-rinse shampoo, which…
To reduce the carbon footprint of its Libramont factory’s activities, L’Oréal has funded the installation of a biomethanisation unit next to the factory, enabling it to become energy self-sufficient