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L’Oréal receives the first Transparency Grand Prix for its Code of Ethics
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Xavier Fontanet (member of L’Oréal’s Board of Directors) and Emmanuel Lulin (Senior Vice-President & Chief Ethics Officer of L’Oréal) received the prize on behalf of L’Oréal.
The Transparency Grands Prix are awarded following the results of the Transparency study, carried out each year on the public financial documentation of the French SBF 120 listed companies.
Jean-Paul Agon, Chairman and Chief Executive Officer of L’Oréal declared: “We are proud that the Transparency Grand Prix’s independent scientific Committee chose our Code of Ethics to inaugurate this new prize. L’Oréal and all its employees are honoured to learn that this founding text, essential for our Group, is so recognized.”
“The future of corporate communication will necessarily depend on integrated financial, extra-financial and ethical information. Based on applicable regulation, such information must be pedagogical and transparent. The quality and clarity of its Code of Ethics clearly makes L’Oréal a pioneer and leader in this respect.” indicated Laurent Rouyrès, President of Labrador, organizer of the Transparency Grand Prix.
For more information on L’Oréal’s Code of Ethics, click here: http://www.loreal.com/group/governance/acting-ethically/code-of-ethics–a-guide-for-action
For more information on the Grand Prix de la Transparence, click here: www.grandsprixtransparence.com
About Ethics at L’Oréal
A company’s behavior is as important as its economic performance or the quality of its products. L'Oréal was built on strong ethical principles that guide its development and contribute to building its reputation: Integrity, Respect, Courage and Transparency. These principles are namely the foundation of the Group's policies in terms of compliance, responsible innovation, environmental stewardship, social and societal responsibility, and philanthropy. L’Oréal’s ambition is to be an exemplary company worldwide and integrate ethics into the very heart of its business practices.
– In 2000, L’Oréal was one of the first companies in France to establish a Code of Ethics and to appoint, in 2007, a Chief Ethics Officer reporting to the Chairman and CEO
– In 2008, L’Oréal’s Chairman and CEO, Jean-Paul Agon, received the prestigious Stanley C. Pace Leadership in Ethics Award.
– In 2014, L’Oréal launched the 3rd edition of its Code of Ethics, which is now available in 45 languages and in Braille in English and in French, as well as a new ethics e-learning in 22 languages.
– In 2015, L’Oréal’s Senior Vice-President and Chief Ethics Officer, Emmanuel Lulin, received the prestigious Carol. R. Marshall Innovation in Ethics Award
– L’Oréal is a Global Compact LEAD company, one of the 100 companies included in the Global Compact 100 stock index, a signatory of the Women’s Empowerment Principles, an initiative of UN Women and the UN Global Compact and supports the United Nations Sustainable Development Goals
– L’Oréal organizes an annual Ethics Day where employees from around the world can chat online with L’Oréal’s Chairman and CEO and their country General Manager about ethics.
– In 2017, L’Oréal was recognized for the 8th time as a World’s Most Ethical Company® and is one of only 2 in the Health and Beauty industry, underscoring their commitment to leading ethical business standards and practices.
For more information on ethics at L’Oréal: http://www.loreal.com/group/governance/acting-ethically.aspx
About L'Oréal
L’Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 34 diverse and complementary brands, the Group generated sales amounting to 25.8 billion euros in 2016 and employs 89,300 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 sustainability commitment for 2020 “Sharing Beauty With All” sets out ambitious sustainable development objectives across the Group’s value chain.
For more information: http://mediaroom.loreal.com/en/
About Labrador
Enlight, simplify, valorize corporate information. Founder and organizer of the Transparency Grand Prix, Labrador is an independent agency, specialized in advising on regulated communication. Leader and France and thrice recognized in the USA, Labrador is a daily advocate of more pedagogical and transparent corporate communication, creating trust with stakeholders and value for the company. Labrador provides innovative, secure and tailor-made consultancy, publication and translation services in order to transform mandatory regulated information – be it financial, legal or ethical – into a communication opportunity.www.labrador-company.com