All that you need to know about L'Oréal Sustainability Challenge 2024

Launching its 8th edition, L'Oréal is back with the Sustainability Challenge 2024. It is an all-Digital Challenge that resonates with L’Oréal’s sustainability program.

At L’Oréal we are continuously striving towards an ever more responsible & sustainable business model.

Our commitments focus on three key pillars - the planet, the people, and our products – with multiple initiatives and day-to-day actions to achieve our goals. We are committed to doing everything in our power to be exemplary. Very early on, L’Oréal became aware of the urgent need to address the challenges arising from the global environmental crisis.

Find out more about our achievements and our targets for 2030

To define and refine L’Oréal’s next steps in sustainability, seven internal expert panels have been working since April 2019, coordinating independent studies and working with outside partners and civil society. The outcome is a strategy with measurable, time-bound impact reduction targets that will guide our internal transformation, that of our stakeholders, and our contribution to urgent social and environmental needs.

This year for the L’Oréal Sustainability Challenge we will be focusing on the PEOPLE, PLANET & PRODUCT pillars. We want to create long-term and sustainable impact and to achieve this, we want young and passionate change agents like you, to contribute to a better and more sustainable planet, while also creating a community of our consumers and supporters who can take this journey with us.

Eligibility and Team Rules:

• This challenge is open to all final & pre-final year full-time undergraduate & postgraduate students from any discipline in any college based out of India.
• A team must consist of exactly 3 members.
• Each member has to register with official college email IDs. If your college does not provide official email IDs, you can use your personal email address.
• Cross-specialization & cross-college teams are eligible.
• Cross-year teams are not eligible.
• A student cannot be a part of more than one team.
• Any deviation from the above will result in immediate disqualification of the entire team.
• Modification of team post registration will not be allowed.
• All decisions in the matter of eligibility will be with L'Oréal & Unstop.

Structure of the competition:

It is a 4-tier challenge. Each team needs to register and successfully complete each round.

Treasure Hunt:

• It is mandatory for all teams to attempt this round.
• Only the team leader will be able to attempt the Treasure Hunt.

Online Aptitude Assessment:

• Shortlisted teams from the treasure hunt round will get a set of questions to be answered within 20 minutes.
• Participants will be scored based on Accuracy, Speed, and Start Time.
• Please note that it is mandatory for all team members to take the Assessment. A team will be scored based on the average marks of all team members attempting the assessment.
• The Assessment will be based on general aptitude.

Executive Summary Submission Round:

• You have to choose a pillar: PEOPLE, PLANET or PRODUCT
• The case study will be made available to you.
• Each team will need to submit 3 slides solutions + a 2-minute video to present their ideas.
• You cannot add appendix slides.
• 3 slides don’t include the title slide and thank you slide.
• Any references should be given due credits.
• Submission format of 3-slide solution: PDF.
• Submission format of 2-minute video: mp4.
• Naming Convention: TeamName_CampusName.

Mentorship Session:

• The shortlisted teams are required to attend the masterclass session.

Detailed Submission Round:

• The shortlisted teams are required to submit a detailed up to 10-slider solution.
• Submission format: PDF.
• Naming Convention: TeamName_CampusName.

Virtual Presentation:

• The top 20 teams with the best ideas will be shortlisted, who will pitch their idea to L'Oréal leaders virtually.
• Before the presentation, each team will get the exclusive opportunity to be mentored by function experts from L'Oréal.

Final Submission Round:

• Shortlisted teams from Virtual Presentation will need to submit their detailed solutions upto 10 slides.
• You can add up to 2 appendix slides for financials.
• Any references should be given due credits.
• Submission format: PDF.
• Naming Convention: TeamName_CampusName.

Grand Finale:

• The top 6 teams from the Virtual Presentation Round will present their ideas in front of a Grand Jury.

Rewards and Prizes:

Apart from experience, the winners have a lot in store for them:

• National Finalists – Get exclusive pre-placement interviews (PPIs) and a basket of L'Oréal goodies, because you are worth it!
• All Semi-Finalists stand a chance to receive pre-placement interviews (PPIs) with L'Oréal India with a Stipend worth INR 80K - 1.6L per month* for pre-final year and CTC of 28 LPA* for final year management students.

*Subject to Terms & Conditions.