The group has just announced the creation of the Circular Innovation Fund. Its objective is to develop and finance circular and ecoresponsible innovation solutions. This investment fund is part of the environmental protection strategy that L’Oréal has been pursuing for several years.
Alongside Cycle Capital and Demeter, L’Oréal has created the Circular Innovation Fund. The group said it has injected 50 million euros.
L’Oréal is at the initiative of this project. We believe this is one of the ways we can help drive innovation in the circular economy space, as part of the L’Oréal for the Future program. Impact investing is a perfect illustration of sustainable finance, namely the ability to combine monetary, environmental and social value, said Christophe Babule, Executive Vice President and General Manager Administration and Finance of L’Oréal Group.
