L’Oréal has a long-standing commitment to gender equality and a firm conviction that it is a strategic lever to increase wellbeing at work, fuel creativity and innovation, and boost performance and growth. In 2016, women represented 70% of the Group’s total workforce, 46% of the Board of Directors, 33% of the Executive Committee and 48% of the Management committees.
L’Oréal is committed to maintain a high gender equality standard subject to regular audit certifications. Since 2011, the Group works with two independent organizations: EDGE (Economic Dividends for Gender Equality) and GEEIS (Gender Equality European and International Standard) that conduct in-depth, rigorous audits of current staff and hiring policies for many of its subsidiaries.
“L’Oréal is proud to participate in the Bloomberg Gender-Equality Index and to have been an early adopter of the Index,” said Jean-Paul Agon, Chairman and CEO of L’Oréal. “Our company has had, for many years, a strong commitment to gender balance at all levels as well as to pay equity because we know that it is both good for society and good for business. Being included in the Gender-Equality Index will push us to work even harder to ensure that L’Oréal’s workplace is diverse, inclusive and supportive of our Beauty for All mission.”
The Bloomberg Gender-Equality Index is a new reference index that measures gender equality across internal company statistics, employee policies, external community support and engagement. The index comprises a global universe of companies with a market capitalization of USD 1 billion or greater, and that have at least one security trading on a U.S. exchange. It includes companies headquartered in 24 countries and from a variety of sectors, as well as communications, consumer staples, energy, financials and technology.
For more information on L’Oréal’s Diversity and Inclusion: http://www.loreal.com/group/diversity-and-inclusion
For more information on Bloomberg 2018 Gender-Equality Index: https://www.bloomberg.com/company/announcements/104-companies-included-first-sector-neutral-bloomberg-gender-equality-index/