News / Stock

L’Oréal invests on sustainable production. Alphie rewards the strategy. Bullish predictions also for Estée Lauder, Avon and Colgate-Palmolive

Feb 7, 2019 - 16:15 UTC

L’Oréal has been awarded a triple A rating, thanks to its environmental sustainability strategies and commitments. The recognition, which comes from the CDP (Carbon Disclosure Project) – the organization that certifies the environmental impact of major corporations – is the result of the various initiatives of the group to promote a new sustainable economy. Jean-Paul Agon, CEO of L’Oréal, said: ” Sustainability drives our research, our innovation and our operations in exciting ways”. In fact, in 2017 the group had a turnover of € 26.02 billion and invested € 877 million in research and development. In 2018, 80% of the…

Register to continue reading for free