Just in time for Women's Equality Day, L'Oréal USA is the first company in the US to be certified with the EDGE (Economic Dividends for Gender Equality) global standard for workplace gender equality. According to the company, the EDGE assessment is the only business certification for gender equality in the workplace that is universally applicable across industries and countries.
For the past six months, L'Oréal USA has been participating in EDGE's certification process, which includes a comprehensive review of the company's gender policies and practices and a deep analysis of gender data across the entire U.S. workforce of 10,000 employees. As part of the evaluation, L'Oréal surveyed more than 3,000 employees on gender equality as it pertains to recruitment and promotion, leadership training and mentorship, flexible work, company culture and equal pay for equivalent work.
"L'Oréal understands that gender equality is critical to our success across all areas of business and also gives us a competitive edge. The EDGE certification brings us a new level of accountability, transparency and a clear understanding of how to benchmark our progress," said L'Oréal USA senior vice president, diversity and inclusion, Angela Guy. "We're committed to taking leadership on this issue and will continue to develop innovative solutions toward achieving ongoing gender balance."
Since its launch at the World Economic Forum in January 2011, more than 60 companies in 29 countries use the EDGE assessment methodology and certification process to create an optimal, balanced workplace for men and women. The methodology and standard enables a company to accurately assess how it performs both at a country and a global level. The EDGE Certification was granted to L'Oréal USA after an independent verification of the findings by a third-party auditor.