L’Oréal was ranked as one of the world's most ethical companies by Ethisphere Magazine, an Ethisphere Council* publication that highlights the strong links that exist between profit and ethics.
The companies selected by Ethisphere Magazine have demonstrated exemplary behavior in ethical matters and compliance with regulations, in their ethical and social commitment, and in their engagement with the communities in which they operate.
“L’Oréal is honored to be recognized as one of the world’s most ethical companies,” said Emmanuel Lulin, L’Oréal's Director of Ethics. “We are convinced that companies that do business with integrity, who respect their employees and demonstrate responsible corporate citizenship benefit from an undeniable strategic advantage. This recognition is a wonderful encouragement to us all to continue along this path.”"
Ethisphere Magazine offers its readers insight on how to create sustainable competitive advantage through ethical business practices and corporate citizenship.
he editors of the magazine chose fewer than 100 companies out of more than 5,000 organizations analyzed over a six-month period. Companies were selected on the basis of a rigorous eight-step screening process, and were then rated on nine ethical leadership criteria.
*About the Ethisphere Council.
The Ethisphere Council was created in 2006 by Corpedia, a leader in risk assessment, and by the Practicing Law Institute, a non-profit organization committed to enhancing the professionalism of attorneys. For more information on the Ethisphere Council