L’Oréal USA Ranked #1 in Seramount’s 2021 Top Companies for Executive Women
New York, NY, November 16, 2021 – For the second consecutive year, L’Oréal USA has been recognized as the #1 company in Seramount’s (previously Working Mother Media’s) 2021 list of Top 75 Companies for Executive Women. This designation recognizes the company’s dedication to, and support of, women’s professional advancement with a focus on succession planning, profit-and-loss role, pay equity, and internal support programming.
“We’re on a constant mission at L’Oréal USA to be at the forefront of diversity, equity, and inclusion. A major part of that focus is setting and achieving goals around supporting women at all levels of their career,” said Angela Guy, Chief Officer of Diversity, Equity & Inclusion at L’Oréal USA. “We’re proud of what we’ve done so far, especially as it relates to reaching our ambitions of equity at the senior-most levels of the organization and with the gender pay gap.”
L'Oréal USA’s dedication to women, both in top leadership roles and more broadly, includes:
Marking a pivotal moment in gender pay equity by serving as the first company worldwide to achieve organizational gender pay equity through a pay assessment tool based on EDGE (Economic Dividends for Gender Equality) methodology. L’Oréal USA’s EDGEplus certification means going beyond gender and measuring the intersectionality between gender and race/ethnicity, gender identity, sexual orientation, age, disability and nationality.
Executing a year of activations focused on gender equity, including recognizing women’s contributions in L’Oréal USA history, acknowledging disparities among all women across dimensions of diversity, particularly in a COVID environment, and raising awareness to the roles of all genders in contributing to equity and inclusion. As part of that, the company implemented an Unconscious Bias training inclusive of biases related to multiple dimensions of diversity.
Launching the L’Oréal USA Mentoring Program which acts to provide access to mentors representing various dimensions of diversity, career development, and leadership development through upskilling and supporting the wellbeing of participants.
Investing ongoing support in several employee-driven Think Tanks focused on various dimensions of workforce diversity and the advancement of women, including Women in Technology, Women in Leadership- Operations, and Women of Color, which focuses on supporting an inclusive community to engage, inspire and develop women of color at L’Oréal USA.
“Our 2021 Top 75 Companies for Executive Women initiative reveals encouraging increases in the number of women who are in senior leadership roles and running major divisions,” says Dr. Betty Spence, Head of Women’s Advancement at Seramount. “We have noted a correlation between these increases and new emphasis placed on formal sponsorship programs at 68 percent of the Top Companies, and we applaud their efforts in ensuring that women have advocates for their advancement.”
L’Oréal USA is proud to continue its journey in creating an environment and culture, especially now with new challenges of the pandemic, where women have the tools and resources they need for continued growth and success.