L'Oréal selected for the United Nations Global Compact Stock Index
The newly-launched index shows that companies beat the overall market with a return of more than 25 percent.
L’Oréal announced that it has been selected for inclusion in the United Nations Global Compact 100 - a new global stock index that combines corporate sustainability and baseline financial performance.
The Global Compact 100 is a stock index of 100 companies committed to the Global Compact ten principles that shows a total investment return of 26.4 percent during the last year, surpassing the general global stock market.
Jean-Paul Agon, L’Oréal Chairman and CEO, said, “We are honored and delighted to be included in the Global Compact 100 Index. It is encouraging to see that ethical and responsible business practices create an impact on stock performance and that sustainability is receiving increasing interest from investors.”
“L’Oréal has been supporting the United Nations Global Compact from its beginnings,” said Emmanuel Lulin, Senior Vice-President & Chief Ethics Officer at L’Oréal. “Our ethical principles are the foundation of our actions for human rights, responsible innovation and marketing, environmental stewardship, and social and societal responsibility.”
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