L'Oreal has been recognized as one of the World's Most Ethical Companies for 2013, by the Ethisphere Institute - for the 4th time. This recognition highlights companies that outperform industry peers when it comes to ethical behavior.
The Ethisphere Institute is a leading international organization dedicated to the creation, advancement and sharing of best practices in business ethics, governance, anti-corruption and sustainability. Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries, and chose the winners based on in-depth research and a multi-step analysis process.
Jean-Paul Agon, chairman / CEO, L’Oreal, commented, “Striving to achieve ethical excellence is a remarkable source of inspiration, creativity and competitiveness for the group, and a source of pride for our teams. Our commitment to ethical principles helps shape our identity as well as build relationships of trust with our consumers."
Emmanuel Lulin, senior vice president / chief ethics officer, L’Oreal, added, "A company with effective, strong ethical principles is a strong company. Our ethical principles are the foundation of our actions for responsible innovation and marketing, environmental stewardship, and social and societal responsibility."