EQUILEAP RANKS L’ORÉAL AMONG THE WORLD’S MOST GENDER EQUITABLE COMPANIES
Today, L’Oréal was ranked first in French for gender equality by Equileap. Additionally, out of 3,500 businesses in 23 countries, the Group is ranked 11th globally. L’Oréal has received honours in every rating that has been released since Equileap launched six years ago.
“We are honoured to be recognised in Equileap’s Gender Equality ranking for the sixth year in a run, and pleased to be named #1 in France,” said Nicolas Hieronimus, Chief Executive Officer of the L’Oréal Group. Gender equity and L’Oréal’s global goal to make the world more beautiful go hand in hand. We remain dedicated to driving change in all facets of DE&I across our entire eco-system, even though we are pleased of the progress we have made so far.
“Actions talk louder than words,” according to Margaret Johnston-Clarke, global chief diversity, equity, and inclusion officer for the L’Oréal Group. At L’Oréal, we have international rules in place against domestic violence and specifically against violence against women. Additionally, we continue to voice out against injustice and discrimination by promoting gender equity both internally and internationally with suppliers and partners in order to empower women at every stage of their lives.
The CEO of Equileap, Diana van Maasdijk, stated: “Our sixth worldwide gender equality report has some encouraging findings. In a dataset that includes 102 million workers worldwide, average scores have increased 7 percentage points since 2021. Furthermore, there is growing recognition that greater gender equity leads to improved performance. What is quantified is controlled.
Women make up 50% of the board of directors at L’Oréal, 32% of the Executive Committee, 57% of all key roles, and 61% of the global brand directors.
A long-standing goal of L’Oréal is to achieve gender equality across all divisions and levels of the business. The Group keeps creating more welcoming environments for the LGBTQIA+ community all over the globe. L’Oréal continues to vehemently oppose all forms of abuse and violence, especially sexual harassment and violence against women.
L’Oréal, the industry leader in the field of beauty, has dedicated its entire existence to one goal: gratifying the aspirations of customers everywhere in regards to beauty. We define our approach to beauty as inclusive, ethical, generous, and dedicated to social and environmental sustainability in line with our purpose, which is to create the beauty that moves the world. We provide the best in terms of quality, efficacy, safety, sincerity, and responsibility to every person on the planet through our extensive portfolio of 36 international brands and ambitious sustainability commitments in our L’Oréal for the Future programme, while also celebrating beauty in its boundless diversity.
In 2022, theGroup produced sales totaling 38.26 billion euros thanks to 87 400 dedicated employees, a balanced geographic footprint, and sales across all distribution networks (e-commerce, mass market, department stores, pharmacies, hair salons, branded and travel retail). L’Oréal is committed to inventing the future of beauty and transforming into a powerhouse in the field of beauty technology. With 20 research centres spread across 11 nations and a devoted team of over 4,000 scientists and 5,500 tech and digital professionals, L’Oréal is doing this.
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The premier source of information and analysis on gender equality in the corporate sphere is Equileap. With the help of our data, investors can improve responsible investing by applying a gender perspective and concentrating on the social component of ESG policies and practises. Using a special and comprehensive Gender Equality ScorecardTM that considers 19 factors, including the gender balance of the workforce, senior management, and board of directors, as well as the pay gap and policies regarding parental leave and sexual harassment, we analyse and rank nearly 4,000 public companies globally. More details are available at https://equileap.com.
“This news release does not constitute a solicitation of an offer to buy L’Oréal shares or a solicitation of an offer to sell shares. Please refer to the public documents registered in France with the Autorité des Marchés Financiers, which are also accessible in English on our website www.loreal-finance.com, if you want more detailed information about L’Oréal.
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