L’Oréal has committed a further €20m to its climate emergency fund, which is designed to support communities around the world who are affected by climate change.
The beauty giant first launched the climate emergency fund in 2023 with €15m of backing, and has since supported more than 30 projects in 32 countries in the areas of health care, food security and clean water.
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This included partnering with HERA (Heat Resilience Action) and Self-Employed Women's Association (SEWA) in India to provide a heat insurance programme for 50,000 informal workers.
L’Oréal has also collaborated with World Vision France in Peru and Ecuador to develop AI systems to help anticipate floods and other climate threats.
“Beauty, at its best, is an expression of dignity and confidence,” said Nicolas Hieronimus, CEO of L’Oréal.
“But this means nothing, without health, safety and the basic conditions for a better life.
“This renewed commitment to our climate emergency fund is part of how we live up to our mission, to create the beauty that moves the world.”
The fresh support will run through to 2030 and marks the fund's next phase, which aims to scale the models proven over the past three years by strengthening risk prevention and emergency response.
“Climate change has far-reaching impacts on the environment, people's health, their livelihoods and their sense of security,” said Ezgi Barcenas, Chief Corporate Responsibility Officer at L'Oréal.
“Building resilience is a must.
“We are deepening our capacity to help communities prepare for and recover from climate crises through improved access to health care, clean water and food security.”
The fund forms part of the Lancôme and Garnier owner’s €415m efforts across philanthropic giving.
This includes the L’Oréal Fund for Women, impact investing through the L'Oréal Fund for Nature Regeneration and Circular Innovation Fund, as well as its debt Solstice Fund and L'AcceleratOR sustainable innovation accelerator.
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