L'Oreal, Henkel score high in World Wildlife Fund's recent Palm Oil Buyers Scorecard; palm oil present in about 70% of cosmetics, personal products
December 16, 2011
– L’Oreal Group and Henkel AG & Co. scored high in the World Wildlife Fund's (WWF) recent Palm Oil Buyers Scorecard. The scorecard shows which palm oil companies may be acting responsibly, reported Cosmetics Design Europe on Dec. 15.
Palm oil is found in a countless amounts of consumer products, from ice cream to lipstick, but it is also a destructive force where it is produced, leading to deforestation and social problems.
L’Oreal and Yves Rocher both fall into the category of companies that use 0 to 1000 tons of palm oil in their products, while Henkel uses 1000 to 10,000 tons of palm oil.
Palm oil, palm kernel oil and their by-products are present in about 70% of cosmetics and personal products with global demand fueling unsustainable growth of the palm industry over the past decade.
The primary source for this article is Cosmetics Design Europe, Montpellier, France, on Dec. 15, 2011.