Following L’Oréal Group’s announcement of its new sustainability programme, ‘L’Oréal for the Future’, and its latest set of ambitions for 2030, L’Oréal Egypt held the closing ceremony of the second edition of its Supplier Sustainability Summit in Egypt on Tuesday.
The event was attended by L’Oreal Egypt Managing Director Benoit Julia, as well as numerous suppliers who exchanged sustainable manufacturing technologies in achieving sustainable development objectives. Minister of International Cooperation Rania Al Mashat also virtually participated in the event.
“Ensuring a comprehensive and effective economic growth requires adherence to sustainability standards, especially by the private sector, which is one of the main drivers of growth. By this means, the Egyptian government is working on many aspects to expand the private sector’s role in achieving sustainable and inclusive development and promoting innovation, as it believes that the private sector is a key partner in unlocking the potential of the Egyptian economy,” said Al-Mashat.
She highlighted that Egypt places green transformation at the top of its priorities and integrates climate action into all development aspects, as it is not possible to achieve sustainable development without taking into account the promotion of climate action.
Furthermore, she explained that in light of Egypt’s hosting and presidency of the UN Conference of Parties on Climate Change (COP27), Egypt launched the 2050 National Climate Change Strategy. It also announced its nationally determined contributions (NDCs) to reduce emissions within the framework of achieving its 2030 Vision and ensure a green, fair, and inclusive transformation.
L’Oreal Egypt launched its first Supplier Sustainability Summit in Egypt last year. The event included a series of diversified online and offline activities carried out since 2021 in order to open up the path for insight, interaction, co-creation, and engagement with the suppliers.
For his part, Julia highlighted that L’Oréal focuses its efforts on implementing sustainability in all the countries in which it operates.
He also emphasised its role in supporting Egypt’s efforts in environmental sustainability through targeted initiatives that are in line with the company’s L’Oreal for the future programme, which will serve as a catalyst for change by empowering suppliers aiming for a better environment.
