Global cosmetic firm L’Oréal has noted the need to focus on regenerating the environment while also supporting those impacted by the economic crisis caused by the coronavirus, and has responded by launching a €50m social fund to support vulnerable women and a €100m environment fund.
The funds and actions will build into a new global sustainability strategy for 2030 that will be launched by L’Oréal next month
The L’Oréal for the Future programme is a responsive, social and environmental “solidarity programme” aiming to contribute to the regeneration of damaged ecosystems and preventing climate change, while also supporting vulnerable women during the social and economic crisis generated by the coronavirus pandemic.
The fund is split between social and environmental platforms. L’Oréal has committed