The beauty giant has set its sights on carbon capture, reforestation and mangrove restoration
A project aiming to restore 2,000 hectares of land in the Amazon degraded by pastures is among the recipients
Created in 2020, through the fund, the beauty giant has committed €22m in projects to-date.
Selected for their potential to have a far-reaching, positive impact on the environment and local communities, 2023’s chosen projects are:
“The L’Oréal Fund for Nature Regeneration is an important vehicle in our efforts towards a more sustainable future for all,” said Rachel Barré, Environmental Leadership Director, L’Oréal Groupe.
“With the new projects signed, our aim is to help restore the planet’s biodiversity and preserve its abundant ecosystems.”
“Our vision for value creation is one where financial performance and environmental and socio-economic impact are inextricably linked,” added Muriel Atias, Chief Investment Officer at L’Oréal Groupe.
“The L’Oréal Fund for Nature Regeneration is a catalyst for sustainable value creation through private capital, enabling the acceleration of environmental solutions with long term benefit.
“Through our impact investing strategy, we can play an important role in tackling biodiversity loss with expert local partners.”
Fund for Nature Regeneration’s first recipients, announced in 2021, were the Real Wild Estates Company (RWEC), the UK’s first rewilding business; and RIZE carbon financing, which helps accelerate France’s farming sector towards sustainable practices.
The fund is managed by Mirova Natural Capital, a subsidiary of natural capital investment firm Natixis Investment Managers.