2022 Universal Registration Document

Chapter 1 : Presentation of the Group – Integrated Report

  • L’Oréal has announced the launch of the L’Oréal BOLD Female Founders initiative designed to support female-led startups. It will be developed by its venture capital fund, BOLD Business Opportunities for L’Oréal Development, through a dedicated initial allocation of 25 million euros.
  • The Fondation L’Oréal and UNESCO celebrated 45 eminent women scientists from over 35 countries and all regionsof the world at an unprecedented For Women in Science International Awards Ceremony, aimed at promoting scientific excellence for women. On this occasion, 15 exceptional researchers were rewarded inrecognition of their outstanding scientific achievements, and 30 young researchers were awarded the title of Young International Talents.
  • L'Oréal received the “Palme de la Pédagogie” during the Award Ceremony of the Young Shareholders Golden Palms, created by EDHEC Business School and the Federation of Individual Investors and Investment Clubs (F2iC). This award recognises the company that has made the most efforts to inform and communicate to its shareholders.
  • L'Oréal received the Award for ESG Purpose and Commitments at the 2022 General Meeting and Gender Balance Awards ceremony, organised by the Institut du Capitalisme Responsable.
  • L'Oréal has announced that all its sites in the North Asia Zone have achieved carbon neutrality(1) (scopes 1 & 2), using exclusively renewable energies. This result illustrates the Group's efforts to combat climate change and is an important step towards achieving the objectives of the L'Oréal for the Future sustainability program.
  • L'Oréal was awarded the EcoVadis “Platinum” medal, with a score of 83/100, for its environmental and social performance. Thanks to this award, L'Oréal ranks now in the top 1% of companies worldwide (among more than100,000 evaluated) that perform best in these areas.
  • 2022 marks the first year of the L'Oréal For Youth Programme, which aims to offer work opportunities to young people and takes concrete action to increase their employability, especially for those from disadvantaged backgrounds who face difficulties in accessing the labour market. Since its launch, the program has offered more than 18,300 job opportunities for those under 30 and the L'Oréal Group aims to increase to 25,000 professional opportunities per year from 2022.
  • L'Oréal Chairman, Jean-Paul Agon, awarded the 2022Appeal of Conscience Foundation. This prestigious distinction is awarded to visionary business leaders whoare committed to social responsibility and who put their company's resources and global capabilities at the service of the international community. Jean-Paul Agon was recognized for his innovative leadership committed to respect for human dignity, diversity and inclusion.
  • L'Oréal ranked 14th in Refinitiv's 2022 Diversity & Inclusion Index, which lists the world's 100 most diverse and inclusive companies among the 12,000 global companies evaluated across 24 criteria.
  • As part of its European Energy Sobriety Plan, L'Oréal signed a contract with EDF in September via a PPA (Power Purchase Agreement) for the supply of green electricity for its France plants and campuses. The construction of two exclusive 30-hectare solar fields will provide 25% of L'Oréal's energy consumption in France, starting in 2025.
  • L’Oréal is the only company in the world to have received a ‘AAA’ score from CDP seven years in a row, for its leadership in corporate transparency and environmental performance, through its commitment to tackle climate change and take action to protect forests and water security.
  • In December, all L’Oréal Brazil sites became “carbon neutral” (1) (head office, research and innovation centre, plant and distribution centre), three years ahead of schedule for its L’Oréal for the Future objectives.
  • For the 5th consecutive year, L’Oréal was recognized by the Bloomberg Gender-Equality Index (GEI) for having successfully created an inclusive and equal work environment. L’Oréal is one of the 418 companies across 45 countries and regions to be part of the 2022 Index.
  • In November, L’Oréal was again recognised as a leading employer, taking 5th place in the Universum global ranking of business students’ favourite companies, making the Group the number-one European firm.
  • In December, L'Oréal received the top award for the best shareholder relations in the CAC 40 from Le Revenu magazine, which ranks listed companies based on the quality of their relationship with individual investors.

(1) A site can claim "carbon neutral" status if it meets the following requirements:

  • Direct CO2 (Scope 1) = 0, with the exception of: the gas used for catering, the fuel oil used for sprinkler tests, fossil energy consumptions during maintenance of on-site renewable facilities, cooling gas leaks if they are lower than 130 tonnes CO2eq./year; and
  • Indirect CO2 Market Based (Scope 2) = 0. The renewable energy sources must be located on site or less than 500 kilometres from the site, and be connected to the same distribution network. The "carbon neutral" status, as defined above, is achieved without carbon offsetting.