2022 Universal Registration Document

Chapter 1 : Presentation of the Group – Integrated Report

1.1.3.4. Ethics, at the heart of the Group’s governance and commitments

L’Oréal has built up its business on the basis of strong ethical principles that guide its development and contribute to establishing its reputation : Integrity, Respect, Courage and Transparency. These principles underpin the Group’s culture and business model and its compliance, responsible innovation, CSR, philanthropy, Human Rights, and diversity, equity and inclusion policies.

L’Oréal’s commitments to act ethically and responsibly are set out in L’Oréal’s Code of Ethics. This document is available in 45 languages. It is distributed to all employees. Country Managers (or for Corporate or Zone staff, the members of the Executive Committee to whom they report) are responsible for ensuring compliance with the Code.