TOP 10 – SCOPE 3 STRATEGIES

COMPANY : L ’ ORÉAL EMPLOYEES : 88,000 CEO : NICOLAS HIERONIMUS FOUNDED : 1909

By favouring suppliers with strong climate performance , organisations can significantly reduce their indirect emissions while also supporting the broader adoption of sustainable practices throughout supply chains .

Regular evaluations , potentially through third-party audits or standardised reporting mechanisms , are essential for tracking suppliers ’ climate performance . By integrating climate performance scores into the supplier selection process , organisations can create a tiered system that rewards top performers with increased business opportunities and preferential terms .

L ’ Oréal exemplifies this strategy through its comprehensive supplier assessment framework , which includes climate metrics and sustainability-linked financing

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initiatives . Since launching its strategic supplier assessment programme in 2014 , L ’ Oréal has utilised EcoVadis to evaluate suppliers on human rights , ethics and environmental stewardship . In 2023 , 965 suppliers were assessed , with 301 strategic suppliers achieving an average score of 63 / 100 , highlighting the company ’ s commitment to continuous improvement in sustainability practices .

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