LOreal

Personal Products

OR.PA

€ 316 (3.7)%

Share price

$ 177 bn

Market Cap

$ 181 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.01x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -5.1% weighted average for S&P 500

FY2022

LOreal aims to achieve carbon neutrality for Scope 1 + 2 by 2025

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2022

LOreal aims to reduce all Scopes by 25% by 2030 from a base year 2016

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

LOreal reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 38 Kt (-17 /-31.2% y-o-y). Also positively, carbon intensity was down at 1 t (-0.7 /-41.2% y-o-y).

LOreal's Scope 3 emissions increased to 12,488 Kt (+1,319/+12% y-o-y). There has been no consistent trend in recent years.

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2025, which translates into the estimated reduction of -9.6 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing all Scopes by 25% by 2030 from a base year 2016, which translates into the estimated reduction of -725 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

LOreal aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2025. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	38	28	11	12,488	38,321	1
2020Q4	56	43	13	11,169	32,777	1.7
2019Q4	80	50	30	11,682	33,576	2.4
2018Q4	89	54	35	11,944	31,847	2.8
2017Q4	99	58	41	9,590	29,377	3.4
2016Q4	114	62	52	7,888	27,460	4.2
2015Q4	105	56	50		28,291	3.7
2014Q4	119	59	61		29,718	4