L'Oreal highlights progress on sustainable palm oil initiatives

Consumer Healthcare News

L'Oreal has published its first Palm Oil Progress report, demonstrating the success of the efforts it is making to ensure its supply of palm oil is sourced in a sustainable manner.

The company is trying to achieve 100 percent responsible sourcing of palm oil and palm oil derivatives. Currently, it uses less than 400 tonnes of palm oil per year, but purchases derivatives in a quantity equivalent to 60,000 tonnes.

“L'Oreal has highlighted the progress it has made towards ensuring that it adheres to 100 percent responsible standards for sourcing palm oil and palm oil derivatives.“

In 2015, L'Oreal traced back 80 percent of its derivatives up to the level of refineries, and 50 percent up to the mills, helping it to ensure deforestation-free and responsible palm production across its supply chain.

It is also making efforts to support independent smallholders facing challenges such as deforestation and difficult living conditions, while creating a Sustainable Palm Index in an effort to transform purchasing policies across the broader palm sector.

The index establishes evaluation criteria for palm derivatives suppliers based on their commitments and achievements in terms of supply chain knowledge, sustainable sourcing practices and compliance with zero deforestation policies.

Alexandra Palt, L'Oreal's chief sustainability officer, said: "By the end of 2016, L'Oreal will publish this new Sustainable Palm Index and make it available for all companies, business and partners of the palm sector."

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