“Culture is the foundation of a high-performing, innovative and sustainable company,” said Jean-Paul Agon, chairman and CEO of L’Oréal. “I am proud that ethics is the key pillar of our culture and leadership, requiring our teams throughout the world to always include ethics in the decisions they make.”
“Receiving this recognition from Ethisphere for the eighth time is a source of pride for everyone at L’Oréal. Ethics is the new decision-making framework and we are convinced that a strong culture of integrity is an essential component for long-term success,” commented Emmanuel Lulin, senior vice president and chief ethics officer.
Ethisphere honors companies that recognize their role in society to influence and drive positive change; consider the impact of their actions on their employees, investors, customers and other key stakeholders; and use their values and culture as an underpinning to the decisions they make every day.
“Over the last 11 years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geopolitical climate. We have also seen how companies honored as the World’s Most Ethical respond to these challenges. They invest in their local communities around the world, embrace strategies of diversity and inclusion, and focus on long term-ism as a sustainable business advantage,” explained Timothy Erblich, Ethisphere’s chief executive officer. “Congratulations to everyone at L’Oréal for being recognized as a World’s Most Ethical Company.”