2025 Universal Registration Document

We present hereafter the elements that have been the subject of particular attention on our part concerning the compliance of this information with the ESRS.

On the basis of interviews conducted with the climate, sustainability and finance departments, we have assessed whether the description of the policies, actions and targets implemented by L'Oréal covers the following areas: climate change mitigation and adaptation.

With regard to the information presented by L'Oréal concerning its greenhouse gas emissions inventory:

• we obtained an understanding of the greenhouse gas inventory protocol used by L'Oréal and assessed its application methods, for a selection of emission categories and sites, for scopes 1 and 2;
• with regard to scope 3 emissions, we assessed:
• • the justification for the inclusion and exclusion of the various categories, and the transparency of the information provided in this respect;
  • the information collecting process.
• we assessed the appropriateness of the emission factors used and the calculation of the related conversions, as well as the calculation and extrapolation assumptions made for the estimates used by L’Oréal;
• for directly measurable data, such as energy consumption linked to scopes 1 and 2 emissions, we reconciled, on the basis of tests, the underlying data used to calculate greenhouse gas emissions with the supporting documents.

With regard to the verification procedures relating to the climate change mitigation transition plan, our work mainly consisted in assessing whether the information published provides an appropriate description of the structuring assumptions underlying this plan, it being specified that we are not required to express a conclusion on the appropriateness or the level of ambition of the objectives of this transition plan.

Compliance with the reporting requirements set out in Article 8 of Regulation (EU) 2020/852

Nature of procedures carried out

Our procedures consisted in verifying the process implemented by L'Oréal to determine the eligible and aligned nature of the activities of the entities included in the consolidation.

They also involved verifying the information reported pursuant to Article 8 of Regulation (EU) 2020/852, which involves checking:

• the compliance with the rules applicable to the presentation of this information to ensure that it is readable and understandable;
• on the basis of a selection, the absence of material errors, omissions, inconsistencies in the information provided, i.e. information likely to influence the judgement or decisions of users of this information.

Conclusion of the procedures carried out

Based on the procedures we have carried out, we have not identified any material errors, omissions, inconsistencies relating to compliance with the requirements of Article 8 of Regulation (EU) 2020/852.

Elements that received particular attention

We have determined that there are no such elements to include in our report.