A&O Shearman advises L’Oréal on a fund to accelerate decarbonization for industrial partners

L'Oréal is committing an initial investment of EUR50 million to the Solstice fund to deliver on Scope 3 commitments by enabling its extended value chain, and particularly small and medium-sized enterprises, to more easily access financing.

Through Solstice, industrial suppliers, including L’Oréal partners, may access financial solutions to help them implement decarbonization initiatives. Qualifying projects can include industrial processes and supply chain, clean energy and clean transportation. The fund is open to further investment by institutional investors, including other corporates who, like L’Oreal, aim to support the decarbonization of their ecosystems.

The A&O Shearman team was composed of partner Antoine Sarailler, counsel Benjamin Lacourt and associates Romane Chéry and Roxane Gallais on fund and asset management aspects, with partner Guillaume Valois and senior associate Charlotte Signol on tax aspects.