L'Oréal - 2018 Registration Document

3 L’Oréal’s corporate social, environmental and societal responsibility

This chapter reports on the social, environmental and societal policies and progress, including via the Sharing Beauty With All programme encompassing the Group’s by the end of 2020 Sustainable Development commitments. L’Oréal also presents its progress and achievements in its Sharing Beauty With All Progress Report and its website www.loreal.com/sharing-beauty-with-all, and through its annual reporting made to the United Nations Global Compact. L’Oréal participates in 14 of the United Nations’ 17 Sustainable Development Goals (1) .

INTRODUCTION 3.1.

One of L’Oréal’s ambition is to reach a billion new consumers by developing a universalisation strategy designed to meet the expectations and needs of women and men around the world in terms of beauty, while at the same time being a societal leader. L’Oréal’s Ethical Principles – Integrity, Respect, Courage and Transparency – guide the Group’s development and help establish its reputation. It is on these principles that its sustainable development, social and societal responsibility, compliance and philanthopy policies are based. Firmly believing that acting ethically is the only way for a company to succeed in the long term, the Group has created the Office of the Chief Ethics Officer reporting to the Chairman and Chief Executive Officer.

At the end of 2013, L’Oréal translated its 2020 Sustainable Development commitments into the Sharing Beauty With All programme, which covers the Group’s entire value chain and addresses all of the impacts of its products, from their design to their consumption. These commitments aim to decorrelate the Group’s growth from its consumption of natural resources and its emissions, and to bring on board consumers, who are central to its business activities, by offering them products that are both sustainable and aspirational, thereby encouraging them to sustainable consumption choices (see section 1.2 for further details of the business plan).

See www.loreal.fr/sharing-beauty-with-all (1)

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