Clichy, September 26, 2016 – In its new Diversity & Inclusion (D&I) Index launched today by Thomson Reuters, L’Oréal was recognized as one of the top 20 companies for diversity & inclusion, achieving a #19 ranking among over 5,000 companies evaluated worldwide.
“Diversity & Inclusion supports the L’Oréal global mission of beauty for all. We have been adamant in our position to be transparent on our D&I indicators as a measure of accountability for our actions in the workplace and marketplace worldwide. To be ranked among the top 20 companies by Thomson Reuters’ Diversity and Inclusion Index is inspirational. It is an acknowledgement of the work that we have done, and a challenge to go further,” said Jean-Claude Le Grand, Senior VP Talent Development and Chief Diversity Officer at L’Oréal.
L’Oréal is committed to developing results-oriented Diversity & Inclusion strategies focusing on the following areas:
In 30 countries, L’Oréal has been certified either by GEES (Gender Equality European Standard) or EDGE (The Global Business Certification Standard for Gender Equality) for its progress in gender equality. L’Oréal USA is an advocate for equal pay and gender equality and was the first company in the U.S. to be EDGE certified in 2014 and received its re-certification again in 2016. Additionally, in June 2016, Frédéric Rozé, President & CEO of the L’Oréal Americas Zone, signed the White House Equal Pay Pledge in support of closing the wage gap in the US.
Inclusion of people with diverse social and cultural origins
We believe that with the diversity of people comes the diversity of ideas, which is why creating a diverse workforce is a priority L’Oréal. Today, 50 subsidiaries have partnerships with schools and universities, and 25 subsidiaries have partnerships with associations to recruit talent with diverse ethnic and social origins. L’Oréal USA is committed to ensuring that its employees reflect the marketplace in which it operates, and as of 2016, approximately 37% of L’Oréal USA employees are people of color, which is above the national average.
Inclusion of people with disabilities
To build awareness and promote the subject of disability in its subsidiaries worldwide, L’Oréal has set up the "Disability Initiatives” Trophies to recognize local programs. As of today, 65 subsidiaries including the U.S. have initiated local actions to promote disability in the workplace. L’Oreal USA, which was also the winner of the 2015 Disability Matters Workplace Award, has been the recipient of the Disability Trophies twice, most recently for its internal Breaking the Silence campaign which consists of regular communications, workshops, events, community outreach and collaboration with disability organizations.
Supporting the Global mission of Beauty for All
As the world leader in beauty, L’Oréal has a mission to reflect the diversity of beauty in the marketplace. In addition to ensuring that our beauty ambassadors are as diverse as the brands they represent, L’Oreal USA also holds regular conferences and panel discussions to gain insights on how to best serve all consumers.
“L’Oréal is honored to be recognized by Thomson Reuters for our commitment to diversity and inclusion,” said Angela Guy, Senior Vice President of Diversity and Inclusion, L’Oréal USA. “L’Oréal USA was the first company in the U.S. to receive EDGE Certification for gender equality and we’ve recently re-certified to track our progress, perform ongoing analysis and challenge ourselves to do more. We are pleased that our work to advocate for equal pay, to promote awareness and inclusion of people with disabilities and ensure that our policies and programs meet the increasingly diverse needs of our employees has been acknowledged as we continue to work towards measurable progress.”
To learn more about Diversity & Inclusion at L’Oréal, please visit the online report here: www.diversityreport.loreal.com.
The Thomson Reuters Diversity & Inclusion Index ranks top publicly traded companies globally with the most diverse and inclusive workplaces, as measured by 24 metrics across four key categories: Diversity; Inclusion; People Development and News Controversies. These metrics are then weighted for importance in the market and how a company compares against its peers to develop the ranking.
The index ratings are supported by Thomson Reuters environmental, social, and governance (ESG) data, designed to transparently and objectively measure the relative performance of over 5,000 companies and provide clients with actionable differentiated insight.
For more information about the D&I Index, please visit http://financial.thomsonreuters.com/en/products/data-analytics/market-data/indices/diversity-index.html
L’Oréal has devoted itself to beauty for over 105 years. With its unique international portfolio of 32 diverse and complementary brands, the Group generated sales amounting to 25.26 billion euros in 2015 and employs 82,900 people worldwide. As the world’s leading beauty company, L’Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.
Research and innovation, and a dedicated research team of 3,870 people, are at the core of L’Oréal’s strategy, working to meet beauty aspirations all over the world. L’Oréal’s new sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain. www.loreal.com.