financetom
Business
financetom
/
Business
/
L'Oreal targets 100% recycled plastic packaging by 2030
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
L'Oreal targets 100% recycled plastic packaging by 2030
Apr 22, 2023 6:34 AM

L'Oreal one of the world's leading beauty companies, aims to have 100 percent recycled plastic for all its packaging by 2030, towards which it has already made significant progress.

Alexandra Palt, Chief Corporate Responsibility Officer and CEO at Foundation L'Oreal, said the brand is already at over 60 percent of recycled plastic in its packaging.

Palt said, “L'Oreal is serious about sustainability. In 2030, it means 100 percent recycled plastic for all our packaging. We are already at over 60 percent of recycled plastic, it means 95 percent of ingredients come from natural bio sources or abundant minerals. It means a transformation in the way we distribute our products, but also new things like new ways of consumption, refill recharge so that every consumer also can make a choice.”

In 2012, L'Oreal signed its first transformation strategy on sustainability, where it pledged to create 100 percent eco-designed products.

Since then, the company has been working to achieve this goal. In 2020, L'Oreal reported that it had already achieved 95 percent of eco-designed products. This is an impressive feat, but the company is not resting on its laurels. According to Palt, the brand is serious about sustainability and will continue its sustainability efforts.

Read Here | Earth Day 2023: Investing in the planet with sustainable choices

Sustainability has been a big focus point, not only at an individual level but for governments and organisations as well. Global as well as domestic brands are focusing big time on sustainability, gender equality, and inclusivity.

L'Oreal is just one among the many companies that are talking about the big leap they are taking into inclusivity, gender equality, and sustainability as well.

However, L'Oreal's sustainability efforts are not limited to its products. The brand is also looking at new ways of distribution, such as refill and recharge systems, to reduce packaging waste. This means customers will be able to choose products that come in refillable containers, reducing the need for new packaging.

For the entire discussion, watch the accompanying video

Also Read | Earth Day: 10-year-old Prasiddhi Singh has already planted 1 lakh trees — and she’s just begun

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved