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

L’Oréal takes sustainable palm oil sourcing one step beyond

L’Oréal recently unveiled its first Palm Oil Progress report highlighting the latest results and innovations implemented for 100% responsible sourcing of palm oil and palm oil derivatives.

L’Oréal uses less than 400 tons of palm oil per year but purchases derivatives in a quantity equivalent to 60,000 tons of palm oil. L’Oréal’s consumption remains low, representing 0.1% of worldwide palm production. “Nevertheless the Group wants to be among the most responsible companies in the world and to lead by example on the issue of sustainable palm oil sourcing,” explains the company.

Since 2012 100% of L’Oréal’s palm is certified through RSPO [1] certification. But the challenge for a company like L’Oréal is the traceability of the supply chain of palm oil derivatives and how to improve the practices within this supply chain. L’Oréal pursues a threefold approach.

1. Tracing back derivatives to make full transparency. L’Oréal goes one step further than RSPO certification, in order to ensure a deforestation-free and responsible palm production. Since 2014, L’Oréal deployed an unprecedented approach within the oleo-chemicals sector and started to map its entire supply chain and to trace derivatives back to their origin. In 2015, L’Oréal achieved to trace back 80% of its derivatives up to the level of refineries, and 50% up to the mills.

2. Supporting independent smallholders. L’Oréal is also committed to support independent smallholders, who face challenges such as deforestation and difficult living conditions. Through a multi-stakeholder partnership, L’Oréal helps to connect independent smallholders to the market demand for “Zero Deforestation” palm oil, fostering sustainable agricultural practices.

3. Driving change in the palm sector by transforming purchasing policies
L’Oréal created a “Sustainable Palm Index”.
These new evaluation criteria for assessing palm derivatives suppliers are based on their commitments and achievements as regarding supply chain knowledge, sustainable sourcing practices and compliance with L’Oréal Zero Deforestation policy.

By end 2016 L’Oréal will publish this new Sustainable Palm Index and make it available for all companies, business and partners of the palm sector. The aim is to support the effort of all stakeholders to commit to sustainable palm sourcing and achieve Zero deforestation,” announced Alexandra Palt, L’Oréal Chief Sustainability Officer

Footnotes

[1Roundtable on Sustainable Palm Oil

© 2016 - 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
Vegan-friendly solution for sweet aging

Lipotec - Lubrizol
Vegan-friendly solution for sweet aging

Every day we receive news about Global Warming, we see images of its consequences all over the Planet, the number of both animal and plant species in danger of extinction only increases and governments are still far from promoting laws that really help stop climate change. In this framework, it is the ordinary people who work to (...)

read more

Features