Sustainable Business magazine - essential reading for sustainability professionals
Issue link: https://fhpublishing.uberflip.com/i/129496
Radar 6/7 Carbon reduction L'Oréal proves that reducing carbon emissions is worth it L'Oréal has been named the household products sector leader for its practices and achievements in the management of carbon emissions. The company's accolade was the result of the implementation of a variety of renewable energy strategies to halve its CO2 emissions, on an absolute basis between 2005-2015. Non-profit organisation, Climate-Counts, who rates corporations on their efforts towards mitigating climate change, reviewed and ranked L'Oréal for its continued investment in generating green energy and reducing its environmental impact. L'Oréal is currently operating with four US-based solar installations, which it estimates, in 2013, will see them among the top 10 companies with the greatest solar capacity in the US. Executive managing director of Environment, Health and Safety at L'Oréal, Miguel Castellanos, said: "Having reduced our own GHG emissions by 37.1% since 2005, we have credibly demonstrated our commitment to addressing the problem". In addition to implementing strategies to reduce the emissions of it operations, L'Oréal has invited more than 150 of its top suppliers to participate in the Carbon Disclosure Project's Supply Chain Programme. L'Oréal's supply chain contributes an estimated 28% of the CO2 impacts within the product's lifecycle. "When the finan- cial crisis hit, it was as if the climate discussion fell into a coma," said director of Climate Counts, Mike Bellamente. "Now we're seeing major consumer brands calling climate change by name and meeting aggressive targets to slash emissions—all while turning a profit and growing their business," he added. Water reduction Coca-Cola and Sainsbury's set pace on water reduction Four major organisations have become the first to achieve the world's first international standard for water reduction. The standard, launched this month by the Carbon Trust, aims to galvanise business action on measuring, managing and reducing water use. Sainsbury's, Coca-Cola Enterprises, Sunlight and Branston, have become the first four organisations to be awarded the standard.