1.1 The L’Oréal Group: the fundamentals
1.1.3 Stable governance6. The dual goal: economic and corporate excellence to create lasting value for all
Economic and financial performance is not enough for L’Oréal. Because there will be no economic growth without sustainability in the future, L’Oréal has set itself the dual goal of excellence, in both the economic and societal domains. It will be the condition for its success and its long-term existence. Because L’Oréal is the global leader in beauty, it has the duty to contribute to the beauty of the planet and be a champion of CSR. And it is because L’Oréal is a social, environmental, societal and ethical leader that it will achieve greater performance in the future. The two performances go hand in hand and mutually enhance each other, as L’Oréal has demonstrated to date.
7. Prioritising people and social harmony
In keeping with the legacy of our founder, Eugène Schueller, individuals and social harmony are at the heart of L’Oréal and must remain our priority in a climate where attracting talent is becoming increasingly complex. The Group’s values have always been humanist in nature. In entrepreneurial culture, passionate and committed teams are the strategic intangible assets that always have and always will make all the difference.
L’Oréal’s human and social project constitutes both the strength and the appeal of its model in an ever-changing world. It is based around two priorities: the attention paid to developing each employee through ongoing learning, accelerated career paths or international careers; and a unique social model that combines competitive social performance and shared growth (profit-sharing, incentives, employee shareholding plan etc.).
For more than 15 years, L’Oréal has been committed to diversity, equity and inclusion and recognised for its actions worldwide. The Group’s policy in this area is further developed in paragraph 4.3.2.6.
1.1.3. Stable governance
The stability of the Group’s governance in a changing world makes it possible to work towards long-term objectives and to ensure regular growth.
1.1.3.1. Loyal shareholders, stable capital structure
SHAREHOLDERS AS AT 31 DECEMBER 2023
This diagram shows shareholders as at 31 December 2023.
- Ms. Françoise Bettencourt Meyers and her family(1)(1) Consisting, in addition to Ms Françoise Bettencourt Meyers, of Mr Jean-Pierre Meyers, Mr Jean-Victor Meyers and Mr Nicolas Meyers, along with Téthys S.A.S. and Financière L’Arcouest S.A.S. : 34.73 %
- Nestlé: 20.13%
- International institutional investors: 30.7%
- French institutional investors: 6.63%
- Individual shareholders: 5.92%
- Employees(2) Concerns the current and former employees of L’Oréal. The percentage also includes the performance shares granted in accordance with Article L. 225‑197‑1 of the French Commercial Code. Of which 0.99% of the share capital as part of the L’Oréal Employee Savings Plan and employee investment funds as defined by Article L. 225-102 of the French Commercial Code.: 1.89%
- Consisting, in addition to Ms Françoise Bettencourt Meyers, of Mr Jean-Pierre Meyers, Mr Jean-Victor Meyers and Mr Nicolas Meyers, along with Téthys S. A.S. and Financière L’ Arcouest S. A.S.
- Concerns the current and former employees of L’Oréal. The percentage also includes the performance shares granted in accordance with Article L. 225‑197‑1 of the French Commercial Code. Of which 0.99% of the share capital as part of the L’Oréal Employee Savings Plan and employee investment funds as defined by Article L. 225-102 of the French Commercial Code.