L’Oreal Receives Diversity Best Practices 2004 Global Ceo Leadership Award Commitments

L’OREAL RECEIVES
DIVERSITY BEST PRACTICES 2004 GLOBAL CEO LEADERSHIP AWARD

L’Oréal First-Ever Global Company Named


Clichy, October 26 2004 - L’Oréal has been named the first-ever recipient of Diversity Best Practices' Global Leadership Award for the company’s ongoing commitment to creating an environment of diversity and inclusion for L’Oréal’s employees, customers and suppliers.
Mr. Lindsay Owen-Jones will accept the Global Leadership Award at the 2004 Diversity and Women Leadership Summit & Gala, Tuesday, October 26th at 7 p.m. in Washington, D.C., USA.

The Diversity Best Practices 2004 Global Leadership Award recognizes the world's most progressive companies and their leaders for embracing diversity in markets, workforces and communities. L’Oréal is being honored for creating a corporate culture that embraces and drives diversity throughout the company.

"We are honored to receive the first global award in recognition of our diversity initiatives," says Mr. Owen-Jones. “Our company culture fosters and values diversity. To a large extent, our strength comes from the diversity of our teams. People of all origins and cultures, different ages and levels of experience work together everyday, stimulating innovation and fostering personal growth,” he added.

Criteria for this distinguished award include a commitment to diversity through corporate initiatives, special recognition of community, philanthropic and supplier diversity, chairing and supporting diversity councils and ensuring top management support.

"L’Oréal’s efforts to make diversity a business imperative as much as a social one are not just worthy of recognition, they are an extraordinary example for other companies to follow," said Ms. Edie Fraser, President and founder of Diversity Best Practices and the Business Women’s Network. “Lindsay Owen-Jones lives diversity and he is taking advantage of every opportunity to create a new business culture that is progressive, inclusive and, most importantly, lucrative as diversity has a bottom line. We commend him and L’Oréal for their global leadership."

L’Oréal values the diversity of people, ideas and cultures. The company aims to create an environment of inclusion for employees, customers and suppliers where their talents and experiences are valued and leveraged to provide high standards of performance.

Contacts at L’Oréal

Mike Rumsby (International)
Tel + 33(0)1 47 56 76 71
[email protected]

Lorrain Kressmann (France)
Tel + 33 (0)1 47 56 40 24
[email protected]