THE WHAT? French beauty company L’Oréal has signed two new electricity contracts with power giant EDF, which aim to help the company become carbon neutral at all its sites by 2025, according to a report by Reuters.
THE DETAILS The contracts include an electricity supply contract with EDF during 2024 and 2025, which will see the power giant supply L’Oréal’s French production sites, including volume from a Corporate Power Purchase Agreement (C-PPA).
Likewise they involve the direct purchase by L’Oréal Group from renewable sources with EDF Renouvelables under a C-PPA from the production of two solar farms aggregated by EDF’s subsidiary Agregio, according to Reuters.
Two solar power plants will be built and operated by EDF Renewables, with the direct purchases covering the supply for 15 years from both plants.
EDF has stated that the first power plant is due to be operational by Q3 2024, with the second by Q2 2025.
THE WHY? With the ongoing call for the cosmetics industry to actively become more sustainable, the contracts allow the L’Oréal Group to benefit from a ‘controlled purchase price over the long term’, which guarantees the renewable original of the electricity.
Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.
Examples of medical aesthetic products include:
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Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.
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Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.
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Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.
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Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.
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Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.
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Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.
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