L’Oréal named for the 10th time as one of the World's Most Ethical Companies® by Ethisphere Institute.
L’Oréal, the world’s leading beauty company, has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World’s Most Ethical Companies. This is the 10th time that L’Oréal achieves this recognition, underscoring their commitment to leading with integrity and prioritizing ethical business practices.
“We at Ethisphere are impressed with L’Oréal’s values-based approach, long-term vision and genuine commitment to operating with integrity,” explained Ethisphere’s Chief Executive Officer, Timothy Erblich. “We congratulate everyone at L’Oréal for integrating ethics into their day-to-day activities and for earning this recognition.”
“This tenth recognition from Ethisphere confirms that a company can be both ethical and successful. Ethics is one of the Group's transformation drivers, of which all of our employees around the world are particularly proud” said Jean-Paul Agon, Chairman and Chief Executive Officer of L’Oréal.
“In a world of exponential innovation, a company with a strong ethical culture is better equipped to face the challenges of tomorrow” said Emmanuel Lulin, Senior Vice-President and Chief Ethics Officer of L’Oréal.
In 2019, 128 honorees were recognized spanning 21 countries and 50 industries. The thirteenth class of honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
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.
In 2008, L’Oréal’s Chairman and CEO, Jean-Paul Agon, received the prestigious Stanley C. Pace Leadership in Ethics Award.
In 2015, L’Oréal’s Senior Vice-President and Chief Ethics Officer, Emmanuel Lulin, received the prestigious Carol. R. Marshall Innovation in Ethics Award
In 2017 and 2018, L’Oréal received the Transparency Grand Prix for its Code of Ethics (Grand Prix de la Transparence – Charte Éthique).
- As a LEAD company by the United Nations Global Compact and received the 2 Awards of Excellence in Ethical Governance and Ethical Leadership from the University of Cergy-Pontoise (France)
- Emmanuel Lulin, L’Oréal’s Senior Vice-President and Chief Ethics Officer was honoured as UN Global Compact SDG Pioneer for Advancing Business Ethics. He also received the Bill Daniels Being a Difference Award from the NASBA Center for the Public Trust and the 1st Honourary Award as Ethics Influencer from the University of Cergy-Pontoise
- L’Oréal achieved a #1 ranking out of 6,000 companies worldwide in the Covalence ESG Ranking.
- 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.
More from this topic
Industry 4.0 at L'Oréal: The beauty industry is gaining momentum
Digital technology is accelerating our relationship with the world and changing our consumers’ attitudes. In order to thrive in this era of “fast beauty,” we’re constantly reinventing our supply chain and how we operate. Here’s an overview of the innovations we’ve created for our clients.
Revolutionizing Dermatology with Bioprinting
The most important advancement since the creation of 3D printing, bioprinting is completely disrupting the field of dermatology. During the exhibit Dans Ma Peau at the Musée de l’Homme, Jérémie Soeur, Head of Cellular and Tissue Engineering Group, let us in on the secrets of this new technology.
The concept of the printer has greatly evolved since its beginning, when its only function was to generate paper documents. In the cosmetics industry, 3D printers now allow for the creation of prototypes and packaging in record time. But this technology goes far beyond just printing objects. Three-dimensional printing now allows for the creation of cellular structures, known as “bioprinting.”
Passion, Emotion and Competition at the “L’Oréal World Cup”
For the 15th edition of the “L’Oréal World Cup,” employees from all over the world came together to cheer on their national teams. It was an opportunity to unite our company’s different teams and to create special memories. Here is a replay of this extraordinary event.