2025 Universal Registration Document

4.6.3.3.2 Reusing and recycling waste

Driven by the goal of full material recovery from its waste through reuse and recycling, L'Oréal’s strategy is organized around the following levers:

• waste mapping to identify material recovery opportunities;
• employee training and awareness raising on the need to sort waste at source;
• resource preservation measures, by seeking out reusable or recyclable alternatives;
• partnerships with waste treatment companies to jointly develop recycling solutions for unmarketable products; and
• industrial sludge management under a Group procedure for determining alternative material recovery options.

The on-site reuse and recycling goal is part of the Group's overall circular economy approach, which promotes local waste treatment to reduce environmental impact and create synergies with other local organisations.

4.6.3.3.3 Achieving the “zero waste to landfill” goal

Since 2017, L'Oréal has been pursuing the ambition of “zero waste to landfill” for all its sites (unless required by regulations). The Group works with specialist firms and local authorities to identify the best waste treatment solutions. In countries where landfill is required by law, or where the type of waste in question must be stored in landfill, the Group strives to reduce the quantities involved to the extent possible.

4.6.3.3.4 Driving circularity

L'Oréal is actively mobilised in support of developing the circular economy through:

• the Circular Innovation Fund (CIF): conscious of the growing pressure on natural resources and the global waste crisis, at the end of 2020 L'Oréal set up a global investment fund dedicated exclusively to the circular economy. It aims to finance companies that are innovating in the areas of recycling, plastic waste management and materials from the bioeconomy. The fundraising was completed at the end of 2023, with €111 million raised and 12 co-investors. As the primary sponsor of the CIF, L'Oréal pledged to invest a total budget of €50 million in this Fund;
• the fight against food waste: L'Oréal's company restaurants donate surplus food to non-profits such as Restos du Cœur and Le Chaînon Manquant, with 6571 meals donated in 2025 and 259 meals sold to Group employees via “too good to go” type platforms, helping to reduce food waste;
• awareness-raising and sustainable practices: L'Oréal promotes environmentally conscious eating practices to its employees in company restaurants, by recovering 100% of food waste and adapting the quantities served. For example, the Paris sites have launched initiatives to reduce the use of plastic and recover cooking oil by transforming it into biofuel, earning external Mon Restau Responsable certification.

4.6.4 Resource use and circular economy-related outcomes

4.6.4.1 L’Oréal for the Future ambitions for the circular economy