L'Oréal Recognised Among Most Gender Equitable Firms

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by KnowESG,

L'Oréal S.A.

KnowESG_L’Oréal
Image courtesy of https://www.loreal.com/

L'Oréal has been awarded the top spot in France for Equileap's 2023 Gender Equality Ranking. Furthermore, the company ranks 11th out of 3,500 firms in 23 countries worldwide. L'Oréal has consistently received recognition in every ranking published by Equileap since its inception six years ago.

Nicolas Hieronimus, CEO of L'Oréal Group, expressed his honour and pride in being recognised by Equileap's Gender Equality ranking for the sixth consecutive year and achieving the number one position in France. He further mentioned that gender equity is integral to L'Oréal's mission to create beauty that moves the world, and the company is committed to driving change in all aspects of Diversity, Equity, and Inclusion (DE&I) across its entire eco-system.

Margaret Johnston-Clarke, Global Chief Diversity, Equity & Inclusion Officer for L'Oréal, emphasised the importance of actions and not just words, highlighting the company's global policies against gender-based violence and domestic violence and advocating for gender equity within the company and with suppliers and partners.

Article: The Importance of Gender Equality in the Workplace and its Effect on your Business

Diana van Maasdijk, CEO at Equileap, shared positive news from the sixth global gender equality report, indicating a 7 percentage point rise in average scores since 2021 and the increasing awareness that better gender equality leads to better performance.

L'Oréal has achieved gender equity across several key positions, with women representing 50% of Board Members, 32% of Executive Committee members, 57% of all key positions, and 61% of international brand directors. The company is committed to establishing more inclusive environments in favour of the LGBTQIA+ community worldwide and remains firmly engaged against all forms of harassment or violence, particularly sexual harassment and gender-based violence.

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Source: L'Oréal

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