L'Oreal Is Named to Ethisphere's 2012 World's Most Ethical Companies List for the Third Time
March 15 2012 - 10:58AM
Marketwired
L'Oréal, the world leader in cosmetics,
announced today that it has been recognized by the Ethisphere
Institute, the leading business ethics think-tank, as one of its
2012 World's Most Ethical Companies(1).
This is the third time that L'Oréal has been recognized for
promoting the highest of ethical standards.
"L'Oréal is honoured to be once again nominated as one of the
"World's Most Ethical Companies." It is a wonderful recognition of
the level of commitment of our employees worldwide. This award
reinforces our conviction that long-term business success is built
on high ethical standards and a genuine engagement with the
community at large. A company with strong values is a company you
can trust and trust is the biggest asset a company can have," said
Emmanuel Lulin, Group Director of Ethics at L'Oréal.
"A strong ethical foundation is a competitive advantage, and
L'Oréal recognizes the important role corporate responsibility
plays in improving its bottom line," said Alex Brigham, Executive
Director of the Ethisphere Institute. "As more and more
organizations strive for this honour each year, L'Oréal's inclusion
as a World's Most Ethical Company for 2012 demonstrates its
industry-leading commitment to ethics and dedication to
integrity."
Ethics at L'Oréal
L'Oréal's ethics programme is proactive and supports the Group's
growth. In 2000, L'Oréal was one of the first companies in France
to establish a Code of Business Ethics and to appoint, in 2007, a
dedicated Group Director of Ethics. In 2008, L'Oréal CEO Jean-Paul
Agon received the prestigious Stanley C. Pace Leadership in Ethics
Award. L'Oréal is a signatory of the UN Global Compact since 2003.
For more information on ethics at L'Oréal:
http://www.loreal.com/_en/_ww/html/our-company/ethics.aspx
Ethisphere Institute and the WME
rankings
The research-based Ethisphere® Institute is a leading
international think-tank dedicated to the creation, advancement and
sharing of best practices in business ethics, corporate social
responsibility, anti-corruption and sustainability. This is the
sixth year Ethisphere has published the WME rankings.
The 2012 list features companies in more than three dozen
industries, including 40 companies headquartered outside the United
States. Read about the methodology and view the complete list of
the 2012 World's Most Ethical Companies at www.ethisphere.com/wme.
More information on the Ethisphere Institute can be found at
www.ethisphere.com
About L'Oréal L'Oréal, the world's leading
cosmetics company, has catered to all forms of beauty in the world
for over 100 years and has built an unrivalled portfolio of 23
international, diverse and complementary brands. With sales
amounting to 20.3 billion euros in 2011, L'Oréal is present in 130
countries and employs 66,600 people. Regarding sustainable
development, Corporate Knights, a Global Responsible Investment
Network, has selected L'Oréal for its 2012 ranking of the Global
100 Most Sustainable Corporations in the World. L'Oréal has
received this distinction for the 5th consecutive year.
www.loreal.com
(1) Published each year since 2007, the methodology for the WME
ranking includes reviewing codes of ethics, litigation and
regulatory infraction histories; evaluating the investment in
innovation and sustainable business practices; looking at
activities designed to improve corporate citizenship; and studying
nominations from senior executives, industry peers, suppliers and
customers.
Media contact (France): L'Oréal Laura Lovasik 33 (0) 1 47
56 76 77 Email Contact Media contact (US): L'Oréal USA
Rebecca Caruso 212-984-4894 Email Contact