Louis Vuitton

LVMH's Antoine Arnault, L'Oreal's Barbara Lavernos, Beiersdorf's Vincent Warnery spoke alongside business and political leaders during the afternoon.

“Our role is also to change the definition and the expression of beauty to make sure that we embark our customers but also the public with us. “[It’s] a description of the contents and we don’t know how much it costs in terms of the planet and in terms of resources that are not renewable.” “The public is still not aware and there is no indication of awareness of the impact of everything he or she consumes has on the environment,” he said. Other hot topics included CEO pay, with many stating from the stage that their compensation is now tied to environmental targets and climate goals instead of shareholder returns, and bankers arguing that global stock markets should require listed companies to meet minimum disclosure requirements. “We all have in common the will to protect natural resources and reduce our impact on the planet. These types of projects will allow lab growth of key ingredients, instead of needing to “plunder nature” with intensive farming practices, she said. L’Oréal’s Lavernos emphasized that though beauty brands are competitors on the market, they need to cooperate on sourcing raw materials. The consortium was launched in 2022 with the aim of bringing a brand-agnostic sustainability scoring system to consumers. Warnery also addressed the coming EU anti-deforestation regulation that will prevent companies from selling or transiting products sourced from materials linked with deforestation and forest degradation in Europe. “The fact that we are able to work together is a miracle, but we still have to walk the talk. “It’s always interesting to interact with other key stakeholders, regardless of the sector you are in. We — and by ‘we’ I mean politics, companies, citizens — all have to act and act quickly given the emergency on the environmental issues.