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2022 Universal Registration Document
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TABLE OF CONTENT
- 1
- Prospects:...Prospects: Jean-Paul Agon, Chairman of the Board of Directors of L’OréalProspects: Jean-Paul Agon, Chairman of the Board of Directors of L’Oréal - Page 22
- Prospects: Nicolas...Prospects: Nicolas Hieronimus, Chief Executive Officer of L’OréalProspects: Nicolas Hieronimus, Chief Executive Officer of L’Oréal - Page 33
- Chapter 1...Chapter 1 : Presentation of the Group – Integrated ReportChapter 1 : Presentation of the Group – Integrated Report - Page 5
page 5 TO 52
- 1.1. The...61.1. The L’Oréal Group: the fundamentals1.1. The L’Oréal Group: the fundamentals - page6
- 1.2. L’Oréal,...141.2. L’Oréal, a value-creating model1.2. L’Oréal, a value-creating model - page14
- 1.3. 2022...361.3. 2022 Financial Results and Corporate Social Responsibility commitments1.3. 2022 Financial Results and Corporate Social Responsibility commitments - page36
- 1.4. A...501.4. A tailored, agile and responsive organisation1.4. A tailored, agile and responsive organisation - page50
- 1.5. Internal...511.5. Internal Control and risk management system1.5. Internal Control and risk management system - page51
- Chapter 2...Chapter 2 : Corporate governanceChapter 2 : Corporate governance - Page 53
page 53 TO 116
- 2.1. Framework...542.1. Framework for the implementation of corporate governance principles2.1. Framework for the implementation of corporate governance principles - page54
- 2.2. Composition...572.2. Composition of the Board at 31 December 20222.2. Composition of the Board at 31 December 2022 - page57
- 2.3. Organisation...722.3. Organisation and modus operandi of the Board of Directors2.3. Organisation and modus operandi of the Board of Directors - page72
- 2.4. Remuneration...912.4. Remuneration of directors and corporate officers2.4. Remuneration of directors and corporate officers - page91
- 2.5. Summary...1142.5. Summary table of the recommendations of the AFEP‑MEDEF Code which have not been applied2.5. Summary table of the recommendations of the AFEP‑MEDEF Code which have not been applied - page114
- 2.6. Summary...1152.6. Summary statement of trading by directors and corporate officers in L’Oréal shares in 20222.6. Summary statement of trading by directors and corporate officers in L’Oréal shares in 2022 - page115
- 2.7. Statutory...1152.7. Statutory Auditors’ Special Report on regulated agreements2.7. Statutory Auditors’ Special Report on regulated agreements - page115
- Chapter 3...Chapter 3 : Risk factors and risk managementChapter 3 : Risk factors and risk management - Page 117
page 117 TO 150
- 3.1. Definition...1183.1. Definition and objectives of Internal Control3.1. Definition and objectives of Internal Control - page118
- 3.2. Components...1193.2. Components of the Internal Control and Risk Management system3.2. Components of the Internal Control and Risk Management system - page119
- 3.3. Preparing...1243.3. Preparing and processing accounting and financial information3.3. Preparing and processing accounting and financial information - page124
- 3.4. Vigilance...1263.4. Vigilance Plan3.4. Vigilance Plan - page126
- 3.5. Risk...1413.5. Risk factors and risk management3.5. Risk factors and risk management - page141
- Chapter 4...Chapter 4 : Social, environmental and societal responsibilityChapter 4 : Social, environmental and societal responsibility - Page 151
page 151 TO 252
- 4.2. Main...1604.2. Main non-financial risks4.2. Main non-financial risks - page160
- 4.3. Policies,...1624.3. Policies, performance indicators and results4.3. Policies, performance indicators and results - page162
- 4.4. L’Oréal...2314.4. L’Oréal for the Future: 2022 results4.4. L’Oréal for the Future: 2022 results - page231
- 4.5. Methodological...2324.5. Methodological notes4.5. Methodological notes - page232
- 4.6....2394.6. Cross-reference tables, including NFIS and GHG balance4.6. Cross-reference tables, including NFIS and GHG balance - page239
- 4.7. Statutory...2444.7. Statutory Auditor's Reports4.7. Statutory Auditor's Reports - page244
- Chapter 5...Chapter 5 : 2022 Consolidated Financial StatementsChapter 5 : 2022 Consolidated Financial Statements - Page 253
page 253 TO 316
- 5.1. Compared...2545.1. Compared Consolidated Income Statements5.1. Compared Consolidated Income Statements - page254
- 5.2. Consolidated...2555.2. Consolidated Statement of Comprehensive Income5.2. Consolidated Statement of Comprehensive Income - page255
- 5.3. Compared...2565.3. Compared Consolidated Balance Sheets5.3. Compared Consolidated Balance Sheets - page256
- 5.4. Consolidated...2575.4. Consolidated Statements of Changes in Equity5.4. Consolidated Statements of Changes in Equity - page257
- 5.5. Compared...2595.5. Compared Consolidated Statements of Cash Flows5.5. Compared Consolidated Statements of Cash Flows - page259
- 5.6. Notes...2605.6. Notes to the Consolidated Financial Statements5.6. Notes to the Consolidated Financial Statements - page260
- 5.7. Main...3105.7. Main consolidated companies at 31 December 20225.7. Main consolidated companies at 31 December 2022 - page310
- 5.8. Statutory...3135.8. Statutory Auditor's Report on the Consolidated Financial Statements5.8. Statutory Auditor's Report on the Consolidated Financial Statements - page313
- Chapter 6...Chapter 6 : Parent company financial statementsChapter 6 : Parent company financial statements - Page 317
page 317 TO 344
- 6.1. Compared...3186.1. Compared income statements6.1. Compared income statements - page318
- 6.2. Compared...3196.2. Compared balance sheets6.2. Compared balance sheets - page319
- 6.3. Changes...3206.3. Changes in shareholders’ equity6.3. Changes in shareholders’ equity - page320
- 6.4. Statements...3216.4. Statements of cash flows6.4. Statements of cash flows - page321
- 6.5. Notes...3226.5. Notes to the financial statements of L’Oréal S.A.6.5. Notes to the financial statements of L’Oréal S.A. - page322
- 6.6. Other...3376.6. Other information relating to the financial statements of L’Oréal S.A.6.6. Other information relating to the financial statements of L’Oréal S.A. - page337
- 6.7....3386.7. Five-year financial summary6.7. Five-year financial summary - page338
- 6.8. Equity...3396.8. Equity investments (main changes including shareholding threshold changes)6.8. Equity investments (main changes including shareholding threshold changes) - page339
- 6.9. Statutory...3406.9. Statutory Auditor's Report on the Financial Statements6.9. Statutory Auditor's Report on the Financial Statements - page340
- Chapter 7...Chapter 7 : Share capital and stock market informationChapter 7 : Share capital and stock market information - Page 345
page 345 TO 364
- 7.1. Information...3467.1. Information relating to the Company7.1. Information relating to the Company - page346
- 7.2. Information...3487.2. Information concerning the share capital7.2. Information concerning the share capital - page348
- 7.3. Shareholder...3507.3. Shareholder structure7.3. Shareholder structure - page350
- 7.4....3537.4. Long-term incentive plans7.4. Long-term incentive plans - page353
- 7.5. The...3587.5. The L’Oréal share/the share market7.5. The L’Oréal share/the share market - page358
- 7.6. Information...3637.6. Information and shareholder dialogue policy7.6. Information and shareholder dialogue policy - page363
- Chapter 8...Chapter 8 : Annual General MeetingChapter 8 : Annual General Meeting - Page 365
page 365 TO 386
- 8.1. Draft...3668.1. Draft resolutions and Report of the Board of Directors to the Ordinary and Extraordinary General Meeting to be held on Friday 21 April 20238.1. Draft resolutions and Report of the Board of Directors to the Ordinary and Extraordinary General Meeting to be held on Friday 21 April 2023 - page366
- 8.2. Statutory...3858.2. Statutory Auditor's Report8.2. Statutory Auditor's Report - page385
- 9.1. Statutory...3889.1. Statutory Auditors9.1. Statutory Auditors - page388
- 9.2. Historical...3889.2. Historical financial information included by reference9.2. Historical financial information included by reference - page388
- 9.3. Declaration...3889.3. Declaration by the person responsible for the Universal Registration Document and the Annual Financial Report9.3. Declaration by the person responsible for the Universal Registration Document and the Annual Financial Report - page388
- 9.4....3899.4. Cross-reference table with the Universal Registration Document9.4. Cross-reference table with the Universal Registration Document - page389
- 9.5. Annual...3919.5. Annual Financial Report cross-reference table9.5. Annual Financial Report cross-reference table - page391
- 9.6....3919.6. Cross-reference table with the AMF tables on the remuneration of directors and corporate officers9.6. Cross-reference table with the AMF tables on the remuneration of directors and corporate officers - page391
- 9.7. Management...3929.7. Management Report cross-reference table9.7. Management Report cross-reference table - page392
Appendix 1: List of Information we Considered as the most important
Key performance indicators and other quantitative results:
Environment, Health and Safety:
In bold, the indicators and information disclosed as such in the management report:
| THEMATIC | INDICATORS |
|---|---|
| Production | ProductionINDICATORS Number of FPs produced (in millions) |
INDICATORS Quantity of juice produced (in tons) |
|
INDICATORS Number of hours worked by L'Oréal employees and temporary workers (in thousands) |
|
| Greenhouse gas emissions | Greenhouse gas emissionsINDICATORSEmissions de CO2 Methods " Market-based » and " location-based », scopes 1 and 2 according to the GHG Protocol (in tCO2Eq) |
INDICATORSEmissions de CO2 eq - Scope 3 (in tCO2Eq) |
|
INDICATORSPercentage change in CO emissions2 per finished product sold (kg eqCO2eq./PF sold), compared to 2016 |
|
INDICATORSCradle-to-shelf emissions by product sold (in gCO2eq/PF sold) |
|
INDICATORSPercentage reduction in greenhouse gas emissions from product use compared to 2016 |
|
INDICATORSPercentage of neutral sites |
|
| Energy consumption | Energy consumptionINDICATORSTotal energy consumption (in kWh, kWh/1000PF, kWh/100h) |
INDICATORSBreakdown by energy source: Electricity, Gas, Fuel, Steam, Other energy (kWh) |
|
INDICATORSPercentage of renewable energy consumed |
|
INDICATORSElectricity from renewable sources consumed (kWh) |
|
INDICATORS Rate of self-consumption of electricity |
|
| Aviation emissions, excluding greenhouse gases | Aviation emissions, excluding greenhouse gasesINDICATORS Refrigerant gas leaks (kg) |
INDICATORS Percentage of sulphur in fuels |
|
INDICATORS Direct SO emissions 2 (kg, kg/PF) |
|
INDICATORS Emissions of Volatile Organic Compounds (kg) |
|
| Water | WaterINDICATORSNumber of Waterloop factories |
INDICATORSTotal net withdrawal/Net water withdrawal (excluding recycled water and rainwater for gardening) (in m3; l/PF, l/100h) |
|
INDICATORSTotal volume of water consumed by source (in m3) |
|
INDICATORSTotal volume of water consumed per use (in m3) |
|
INDICATORS Total volume of on-site recycled water (in m3)/ Total volume of water recycled from another L'Oréal site (in m3)/ Volume of recycled water from sites other than L'Oréal (in m3) |
|
INDICATORSVolume of wastewater sent for off-site treatment (in m3) |
|
INDICATORSVolume of wastewater involved in off-site pre-treatment analysis (in m3) / Volume of wastewater concerned by the analysis after on-site treatment (in m3) |
|
INDICATORS Compliance with 1000 mg/l max. COD before off-site treatment / after on-site treatment |
|
INDICATORS Number of sites that comply with internal quality standards |
|
INDICATORSCOD weight before off-site treatment (in tons) / COD weight after on-site treatment (in tons) and specific pollution rate prior to off-site treatment (mg/l) / after on-site treatment (in mg/l) |
|
INDICATORSTotal water consumption (excluding recycled water and rainwater for gardening) (in m3; l/PF; W/100H) |
|
INDICATORSQuantitative water footprint (in m3 Eq) |
|
| Rubbish | RubbishINDICATORSTransportable waste excluding rotating shuttle packaging, by nature (in tons and g/PF, kg/100h) |
INDICATORSSludge (in tons) |
|
INDICATORSTotal waste excluding sludge (in tons; g/FP) |
|
INDICATORS Compliance with maximum 10 kg of sludge / ton of juice produced |
|
INDICATORSRotating shuttle packaging, shuttle packaging at source, (in tons) |
|
INDICATORSTreatment of transportable activity-related waste (in tons) |
|
INDICATORSWaste sent to landfill, including waste due to regulatory constraints (in tons) |
|
INDICATORSValuation index and material valuation index (%) |
|
INDICATORSHazardous / non-hazardous waste (in tons) |
|
| Health and safety | Health and safetyINDICATORSConventional frequency rate of accidents at work |
INDICATORSReported incident rate Expanded total |
|
INDICATORSSeverity rate of occupational accidents |
|
| Biodiversity | BiodiversityINDICATORSNumber of sites that have carried out a biodiversity inventory of less than 3 years |
INDICATORSUse of plant protection products |
