Comestics group L'Oreal plans to launch a €150 million ($162.99 million) programme of climate change initiatives and financial aid to support vulnerable women hit hard during the coronavirus pandemic.
The French firm, which makes Garnier shampoo and Lancome creams, said it would give €50 million to local and grassroots associations combating job insecurity, providing emergency aid and fighting rising violence against women.
The group also pledged €50 million towards restoring damaged ecosystems and a further €50 million for projects promoting a circular economy, such as recycling and efforts to cut down on plastic waste.
The company said that aside from this 'L'Oreal For The Future' plan, it would present a new sustainable development programme for 2030 at the end of June.
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