4.1 Introduction
4.1.6 L’Oréal recognised for its non-financial performance4.1.6. L’Oréal recognised for its non-financial performance
CDP: AAA rating
Securing a AAA rating for the eighth consecutive year consolidates the L’Oréal Group’s leadership position. Recognition by the CDP (a not-for-profit organisation that encourages companies to publish their environmental data) is a testament to L’Oréal’s strong sustainability performance in relation to its effort to address climate change, protect forests and ensure water security.
Website: www.cdp.net
EcoVadis: score of 83/100 – Platinum medal
The Group was awarded a Platinum medal for the second year in a row when it was evaluated by the rating agency EcoVadis. This award puts it in the top 1% of companies evaluated by the non-financial rating agency. The assessment considers four broad pillars: Ethics, the Environment, Social and Human Rights, and Responsible Purchasing.
Website: ecovadis.com
S&P Global Ratings: score of 85/100
During the rating agency S&P Global’s ESG Evaluation this year, the Group achieved a score of 85/100. This evaluation assesses a company’s ability to prepare for future risks and opportunities in terms of sustainable development. According to the agency, the Group’s score reflects the fact that “L’Oréal will continue to deliver strong environmental, social and governance (ESG) performance via its global sustainable development strategy”.
Website: www.spglobal.com
Sustainalytics: score of 20.1 – Medium risk
L’Oréal received a score of 20.1 - Medium Risk from Sustainalytics. This score places the Group fourth in the “Personal products” sub-category and among the top 10 companies in the “Household products” industry.
Website: www.sustainalytics.com
Moody’s ESG Solutions: score of 74/100
L’Oréal was awarded a score of 74/100 by Moody’s ESG Solutions. The elements assessed by the agency are companies’ environmental, social and governance performance. In addition, L’Oréal obtained a score of 75/100 for the Energy Transition Score and an A rating for its Carbon Footprint.
Website: www.moodys.com
MSCI: AA rating
L’Oréal was awarded an AA rating on a scale of AAA-CCC by the MSCI rating agency. This non-financial assessment is based on an analysis of the ESG risks faced by companies, and how they manage these risks compared to their peers. MSCI’s assessment of ESG performance of companies aims to provide investors with information to facilitate investment decisions.
Website: www.msci.com
ISS ESG: “Prime” status
For the 12th year running, L’Oréal achieved a Prime rating in the ESG Corporate Rating conducted by the ISS ESG rating agency. This ranking recognises performance that exceeds the threshold for the Household & Personal Products segment. It should be noted that this review includes a study of the company’s performance, based on an analysis of environmental, social and governance data.
Website: www.issgovernance.com/esg
FTSE: inclusion in the index
The worldwide index provider FTSE Russel has determined that L’Oréal meets the FTSE4good criteria and is thus eligible for inclusion in the corresponding index series. This recognition highlights the strength of the Group’s environmental, social and governance practices.
Website: www.lseg.com/en/ftse-russell
Bloomberg Gender-Equality Index
L’Oréal was included in the Bloomberg Gender-Equality Index for the sixth consecutive time. This again confirms that L’Oréal is one of the most advanced companies when it comes to equality. This year, the index features 484 companies across 54 industries with registered offices in 45 countries and regions of the world.
Website: www.bloomberg.com/company/
Refinitiv Diversity & Inclusion Index: 3rd place
L’Oréal once again features in the Top 100 of Refinitiv’s 2023 Diversity and Inclusion Index. This year, the Group ranks 3rd in the world among the 15,000 international companies assessed.
Website: www.refinitiv.com
Ethisphere: honourable mention
In 2023, L’Oréal was recognised for the 14th time as one of the world’s most ethical companies. The Ethisphere Institute’s ranking recognises the companies with the most advanced business ethics practices.
Website: ethisphere.com
Universum: Top 10
L’Oréal is eighth in the worldwide ranking of most attractive employers to future business school graduates. This makes the Group the highest-ranked European Union company.
Website: universumglobal.com