SPOT: A World Changing Idea by L’Oréal

An award that celebrates pursuing innovation for good
World Changing Ideas is one of Fast Company’s major annual award programs.
With the goal of awarding ingenuity and fostering innovation, Fast Company calls attention to ideas that have the potential to affect long-term, systemic changes or solve pressing problems. By highlighting this work, Fast Company helps companies spread their messages and inspire more people.
A panel of eminent judges from across sectors choose winners and finalists based on feasibility and the potential for impact in 12 categories, from Food to Energy to Developing World Technology. 

SPOT: How L’Oréal fosters sustainable innovation
For the Consumer Products category of the 2018 World Changing Ideas Awards, Fast Company honored L’Oréal for its SPOT project (Sustainable Product Optimisation Tool).
SPOT is an evaluation tool that assess the environmental and social impacts of all L’Oréal products.
It quantifies the environmental and social performance of its products across every aspect of the product lifecycle and tracks progress on four areas of improvement: the packaging, the environmental footprint of the formula, the sourcing of the ingredients and the social benefit of the product.
This project is the result of the collaboration of three different L’Oréal teams: L’Oréal’s Sustainability, Packaging and Research.

SPOT is part of L’Oréal’s larger engagement to improve its environmental and social footprint and is now completely integrated into the design and launch process for all new products.

You can find more information about SPOT here.