Loreal 2015 Annual Report Download - page 7

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And have you also stepped up your
transformation into a more sustainable
L’O r é al?
Yes, our social and environmental responsibility programme,
“Sharing Beauty With All”, is making good progress. You can
find the details in our Progress Report, but here is just one
example: our target of cutting greenhouse gas emissions
by 60%. In 2015, the reduction was already 56% compared
with 2005, while over thesame period our production
increased by 26%. Soweare demonstrating what we have
always believed: commitment to protecting the environment
and economic performance can go hand in hand. We
have also set ourselves another ambition for 2020: to be
carbon balanced, that is to offset our greenhouse gas
emissions. We want to make our contribution to mitigating
global warming by developing an innovative low-carbon
business model.
And all our teams are fully focused on making these
challenges their own. Furthermore, I decided that the
Sustainable Development Department should report
directly to me, because our commitment is transversal and
strategic for all parts of the business, brands andcountries.
L’Oréal is a pure player, and has been number
one in its market for many years. Will you be
able to keep on expanding in the future?
Of course we will. First, because beauty is a dynamic
market, which will continue to expand, driven by
demographic, economic and social trends. Just look how
the make-up category has skyrocketed over the last few
years. In 2015, it grew almost twice as fast as themarket.
Clearly this is partly linked to the powerful upsurge in digital
communications, selfies and social networks, prompting
everyone to be visible. Andtherefore to show themselves
in their best light.
And future growth also lies in our own potential. In 2015, we
celebrated 30 years of leadership. But we are a leader that
still has huge potential. Our global market share is only
12.5%. In other words, we still have more than 87% of the
market to aim for. I am sure that by offering products that
are the best suited, the safest andthe most effective, we
will continue to attract more and more consumers. That is
our ambition.
So you are confident about 2016?
Definitely. As ever, our objective is to outperform the
marketand continue to deliver solid growth andprofits.
And all thecards are in our hands. Forthereasons I have
just mentioned, but also because we are confident in
ourbalanced business model, whichcreates value,
andinour ability to grow our market shares.
One thing more: we feel proud and privileged to be part
of a wonderful industry, helping people to feel good
andself-confident. In short, to make life more beautiful!
Jean-Paul Agon with Guy Ryder,
ILO Director-General, after the signing of the ILO
Global Business and Disability Network Charter.
Jean-Paul Agon at a sales point during
a visit to several countries in Africa.
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