By THE NATION
A nonprofit organisation, CDP drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$87 trillion, it leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts.
Every year more than 6,800 companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. Companies receive scores of A to D for how effectively they are tackling climate change, deforestation and water security, while those that don’t disclose or provide insufficient information are marked with an F.
L’Oreal is one of two only companies to score an A for all three of CDP’s themes. This is in recognition of its impressive actions in the last reporting year to mitigate climate risks, tackle deforestation in its supply chain, enhance water stewardship, and lead the new sustainable economy based on its 2018 disclosure to CDP.
Jean-Paul Agon, chairman and chief executive of L’Oreal said: “It is once again an honor for L’Oreal to be awarded an A in the three CDP’s rankings. L’Oreal is the first and only company in the world to have achieved a triple A score for the third year in a row. Sustainability drives our research, our innovation and our operations in exciting ways and reinforces our commitment to our employees and the communities in which we operate. L’Oreal’s teams, committed on a daytoday basis all over the world, can be proud of this recognition, which demonstrates L’Oreal’s strong commitment on the path to transformation towards a more sustainable model and encourages us to go further and faster in tackling the major environmental challenges that the world faces today.”
Paul Simpson, chief executive of CDP, added: “Congratulations to all companies that made it onto CDP’s A List this year. As the severity of environmental risks to business becomes ever more apparent, these are the companies that are positioning themselves to provide solutions, seize new market opportunities and thrive in the transition to a sustainable economy. We need to urgently scale up environmental action at all levels in order to meet the goals of the Paris Agreement and the Sustainable Development Goals. It’s clear that the business world is an essential player in this transition and the A List companies are set to make a substantial contribution to those goals”.
Find out more at www.cdp.net.