CDP has released its A-list ranking for 2018 and thanks to toughened criteria, just two cosmetics companies were awarded a coveted triple-A score: L’Oréal and Firmenich.
While 126 companies made the A-list for climate change, just 7 were granted a top rating in the forest category, Beiersdorf, L’Oréal and Firmenich among them; and a mere 27 lauded for water security, including Kao, IFF and triple A-rated L’Oréal and Firmenich of course.
Indeed, Unilever, which has been awarded a triple-A rating for the past two years, only achieved the top score in the climate change category.
“We are immensely proud to be one of only two companies globally to have achieved CDP’s triple “A” ranking,” said Gilbert Ghostine, CEO, Firmenich. “Ever since we made our first public environmental commitment three decades ago, we have been leading real change in sustainable business. We owe this year’s outstanding result to our teams’ deep belief in inclusive capitalism, committed to making a positive difference for our customers, people and the planet.”
Jean-Paul Agon, Chairman and CEO of L’Oréal added, “It is once again an honor for L’Oréal to be awarded an A in the three CDP’s rankings. L’Oréal is the first and only company in the world to have achieved a triple ‘A’ score for the third year in a row. Sustainability drives our research, our innovation and our operations in exciting ways and reinforces our commitment to our employees and the communities in which we operate. L’Oréal’s teams, committed on a day-to-day basis all over the world, can be proud of this recognition, which demonstrates L’Oréal’s strong commitment on the path to transformation towards a more sustainable model and encourages us to go further and faster in tackling the major environmental challenges that the world faces today.”