Leading companies have a responsibility to pay a premium for

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“Industry-leading companies have a responsibility to pay a premium for sustainability solutions to drive the market towards better environmental and social outcomes,” said the head of supply chain for the world's largest cosmetics company. Robin Hicks told Eco-Business that after L'Oréal announced a series of new long-term sustainability goals, Antoine Vanlaeys, its vice president of supplies and operations for Asia and the Pacific, said the company had invested heavily in solutions to reduce the company's environmental footprint. To help the maker of brands such as Garnier, Maybelline and Lancôme meet its new goal of 100% of the plastics used in its packaging being recycled or bio-based by 2030, Vanlaeys said L'Oréal had been paying between 30 and 40% more for recycled plastic than for virgin plastic. The relative price of recycled plastic has increased considerably in recent months, as the COVID-19 pandemic has caused oil prices to fall. The price of virgin plastic is closely linked to the price of oil. We know that post-consumer plastic resin is more expensive than virgin plastic right now.

But we want to make sure that we are actively driving the post-consumer plastic resin market. Antoine Vanlaeys, vice president of supplies and operations for Asia and the Pacific. "L'Oréal could help develop the recycled plastic market with investments that add scale and transparency to the industry," Vanlaeys added. Earlier this year, it was discovered that factories in China have been mixing virgin plastic with recycled content and selling it as 100% post-consumer content. We believe that with our model of scalability and commitment, we can improve the Bulgaria Mobile Number List plastic recycling system. It's not something that can be done just by putting money on the table. Antoine Vanlaeys, vice president of supplies and operations for Asia and the Pacific. L'Oréal has also made significant investments in reducing carbon emissions, as the company sets a new goal of being carbon neutral in all its sites, including offices, warehouses and factories, by 2025. . «Through investments in energy efficiency and renewable energy in key territories such as China and India, L'Oréal has reduced the carbon footprint of its operations in Asia and the Pacific by 55%, while increasing its business by 400 % since 2005,” said Vanlaeys. L'Oréal is carbon neutral in China, its third-largest market by sales globally, and will be carbon neutral across the region by 2022, three years ahead of other key regions. The company uses a mix of solar, wind, hydropower and biogas as energy sources in Asia.



The company uses a mix of solar, wind, hydropower and biogas as energy sources in Asia. In June, L'Oréal, which generated €29.87 billion in global sales in 2019, said it would invest €150 million ($177 million) in addressing social and environmental challenges through impact investing and financing linked projects. to the circular economy, nature restoration and support for vulnerable women. We believe investing in sustainability is the right thing to do, and it is also our responsibility as leaders in our industry to sometimes pay a premium for sustainability solutions. Antoine Vanlaeys, vice president of supplies and operations for Asia and the Pacific. L'Oréal announced on June 25 new sustainability goals for the next 10 years, committing to new goals for 2030 in relation to climate, water, biodiversity and natural resources. “We needed a new perspective and we needed to be more ambitious,” said Vanlaeys of the “L'Oréal for the future” sustainability plan for 2030. Among the company's promise to operate "within planetary boundaries" is a commitment that the ingredients in its products will be deforestation-free by .