L'OCCITANE Launches Ecosystem Restoration Fund

GENEVA and SYDNEY, Jan. 19, 2020 /CNW/ -- L'OCCITANE Group today announced the creation of a fund to support ecosystems that are severely affected by natural disasters, such as the devastating fires in the Amazon and Australia. Determined to protect biodiversity for future generations, the L'OCCITANE Ecosystem Restoration Fund aims to respond to climate emergencies on an ad hoc basis. The fund will be financed by a voluntary internal donation campaign among L'OCCITANE's shareholders.

Sensible sustainable thinking is at the heart of L'OCCITANE. Since its creation in 1976, L'OCCITANE is firmly committed to reducing its environmental impact throughout the entire value chain and has devoted company resources to respecting the biodiversity in the South of France and Burkina Faso. The L'OCCITANE's sustainable ingredients department and the L'OCCITANE Foundation, created in 2006, have been actively involved in conserving local plant species and establishing long-term partnerships with producers based on shared values, as well as using local supply channels, preserving traditional skills and supporting local communities. Adopting a holistic approach, the Group involves all stakeholders in this mission, for example by raising awareness among employees and customers.

Alongside these ongoing efforts, L'OCCITANE seeks to be able to respond to environmental disasters as they unfold. The Group has pledged to set up a support fund of ?400,000 to help finance long-lasting projects dedicated to the regeneration of severely damaged ecosystems. ?200,000 will be donated as an immediate contribution to tree-planting and agroforestry schemes to help restore Australia's landscape over the next 10 years. The projects will be carefully chosen by the L'OCCITANE Foundation, together with the company's agricultural engineers and its operational teams in Australia. With this, L'OCCITANE deepens its commitment to its existing global tree-planting initiative in partnership with PUR Projet.

Reinold Geiger, CEO of the L'OCCITANE Group, said: "We are truly shocked and saddened to see the devastation from the recent fires that have destroyed beautiful landscapes, native wildlife and communities in different parts of the world. As responsible business leaders, we cannot just sit back and watch. We need to do our part to help rebuild a healthy ecosystem for the sake of the generations to come."

For more information about the L'OCCITANE Group, please visit: https://group.loccitane.com.

For more information about the L'OCCITANE Foundation, please visit: http://fondation.loccitane.com.

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SOURCE L'OCCITANE Group