L’Oréal and Watsons today announced the kickoff of the first Green Joint Business Plan in the Philippines to accelerate sustainability in the beauty and wellness sectors. L’Oréal and Watsons are joining forces to create programs that will help tackle plastic waste, raise awareness on sustainable choices, and provide livelihood opportunities for the vulnerable population in the Philippines.
“This first green joint business plan in the Philippines is a historic milestone in the longstanding partnership between L’Oréal and Watsons in the Philippines. Beyond our responsible business practices, I’m very proud that we are coming together to be catalysts for change by acting with urgency and helping solve the pressing environmental and social issues in the Philippines. It’s the right thing to do,” said Yannick Raynaud, Country Managing Director of L’Oréal Philippines.
Danilo Chiong, Managing Director of Watsons in the Philippines also shared his support to the partnership. “At Watsons we have updated our brand promise from LOOK GOOD, FEEL GREAT to LOOK GOOD, DO GOOD, FEEL GREAT to signify our strong commitment to do more sustainable practices. This first ever green joint business plan is a comprehensive approach to driving collective impact to our planet, our people, and products. I am inspired by the work we are doing with L’Oréal and the positive impact that we can drive in the Philippines, and hope that programs like this can inspire other companies to do what is right for the environment.”
Plastic pollution is a major challenge in the Phillippines. In 2022, the Philippine government implemented the Extended Producer Responsibility (EPR) Bill for the recovery and management of post-consumer recycled plastic. In 2023, L’Oréal has recovered, upcycled, and recycled 100% of its plastic volume in the Philippines, exceeding the 20% target set by the government for the 1st year of implementation.
With the Green Joint Business Plan, L’Oréal, through its sustainability program L’Oréal for the Future, and Watsons, with its brand promise to “Look Good, Do Good, Feel Great”, are accelerating collective transformation towards a business model that respects planetary boundaries, empowers the business ecosystem, and reinforces commitments to drive inclusive growth.
The joint collaboration programs include:
Under its L’Oréal For the Future commitments, L’Oréal will transition 100% of plastic used in its packaging to be recycled or bio-sourced by 2030. L'Oréal is also working for 95% of its product ingredients to be derived from bio-based sources, abundant minerals or from circular processes by 2030.
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