L'Oréal: announces the climate emergency fund

(CercleFinance.com) - L'Oréal announced a new EUR15 million endowment fund to support vulnerable communities to develop greater resilience in the face of climate disasters.


The L'Oréal Climate Emergency Fund will support communities in the most exposed areas by enabling expert partner organizations to help them prepare for and recover from climate disasters.

It is estimated that climate-driven disasters have increased five-fold over the past 50 years. Today, up to three billion people live in disaster-exposed areas, with the number predicted to increase by one billion by the year 2050.

The L'Oréal Climate Emergency Fund will reach vulnerable communities through partnerships with both local disaster relief organizations and international NGOs.

“ With the new Climate Emergency Fund, we are expanding on our commitments to help build resilience for vulnerable communities, together with organizations deploying innovative solutions on the ground.” said Alexandra Palt, Chief Corporate Responsibility Officer, L'Oréal Groupe and CEO of the Fondation L'Oréal.

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