This is the 8th time L'Oreal is receiving this recognition, and is one of only 2 in the Health and Beauty industry. (The other is Kao Corporation - here is the full list of the 2017 World's Most Ethical Companies.)
Jean-Paul Agon, chairman and chief executive officer of L'Oreal, comments, "Culture is the foundation of a high-performing, innovative and sustainable company," said Jean-Paul Agon, Chairman and Chief Executive Officer of L'Oreal. "I am proud that ethics is the key pillar of our culture and leadership, requiring our teams throughout the world to always include ethics in the decisions they make."
Emmanuel Lulin, senior vice-president and chief ethics officer at L'Oreal, says, "Receiving this recognition from Ethisphere for the 8th time is a source of pride for everyone at L'Oreal. Ethics is the new decision-making framework and we are convinced that a strong culture of integrity is an essential component for long-term success."
Timothy Erblich, CEO, Ethisphere, adds, "Over the last eleven years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate. We have also seen how companies honored as the World's Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage," explained Ethisphere's Chief Executive Officer, Timothy Erblich. "Congratulations to everyone at L'Oreal for being recognized as a World's Most Ethical Company."