Follow us twitter facebook
Edition: Brazil
Click here to subscribe toour free weekly newsletter click here
Environment

L’Oréal and Beiersdorf among the few companies tackling deforestation, according to CDP

L’Oréal has been named as one of the companies leading the way when it comes to sustainable sourcing of palm oil. The beauty giant was singled out, alongside German consumer goods manufacturer Beiersdorf AG, in a recent sustainability report from the environmental non-profit organization CDP addressing corporations and the protection of forests.

"To encourage its suppliers to manage their forest footprint, L’Oréal has developed its Sustainable Palm Index, to assess suppliers’ commitments and achievements in fighting deforestation," the CDP recently reported.

L'Oréal has been named as one of the companies leading the way when it comes (...)

L’Oréal has been named as one of the companies leading the way when it comes to sustainable sourcing of palm oil. (Photo: © Aurore Maréchal / AFP)

However, the report - dubbed ‘The Money Trees’ - also found that several major corporations are avoiding transparency when it comes to deforestation. The CDP and other organizations asked 1,500 companies judged to have a significant impact on forests to provide data via CDP’s reporting platform in 2018, but 70% neglected to do so. More than 350 major companies have not submitted data for the three years from 2016 through 2018, including apparel giants Next and Sports Direct. The corporations were asked to disclose data regarding timber, palm oil, cattle and soy, as well as detailing their actions taken to reduce deforestation in their supply chains.

"For too long corporations have ignored the impacts of their supply chains on the world’s forests and have not taken seriously the risks this poses - both to their business and the world," said Morgan Gillespy, Global Director of Forests at CDP, in a statement. "Environmental concern is at an all-time high, and companies are being demanded to be transparent and take decisive action to protect forests. Consumers increasingly want to know that their shopping basket isn’t driving the destruction of the Amazon, extinction of the orangutans and the climate crisis."

According to the CDP, several major corporations are avoiding transparency (...)

According to the CDP, several major corporations are avoiding transparency when it comes to deforestation. (Photo: © Conny Sjostrom / shutterstock.com)

A total of 306 companies reported data to CDP in 2018, with 24% showing no or limited action to reduce deforestation. The report concluded that the corporate transparency rate of 30% on forests remains significantly lower than that for issues such as climate change and water security — both of which have a transparency rate of 43%.

AFP/Relaxnews

© 2019 - Brazil Beauty News - www.brazilbeautynews.com

latest news
Focus
in-cosmetics returns to Brazil next 18-19 September

in-cosmetics returns to Brazil next 18-19 September

When it comes to beauty, Brazil has become a trend-setter in Latin America thanks to its abundance of natural resources and penchant for innovation. Now the fourth largest market in the world, the country will host the sixth edition of in-cosmetics Latin America, which runs in Sao Paulo from 18-19 September 2019. Euromonitor (...)

read more
Experts’ views
American insights: The new beauty millionaires

Laurence Bacilieri
American insights: The new beauty millionaires

Yes, the beauty and skincare market in the US is saturated. However, some extremely savvy women had the feeling they could move things, and here are a few examples of some of the country’s wealthiest women whose success was immediate. Serena Williams At the top of the list, Ms Serena Williams: in the beginning, she was Venus (...)

read more

Features