On March 18, 2009, L’Oréal’s Chief Executive Officer Jean-Paul Agon received the Ethics Resource Center’s 2008 Pace Leadership in Ethics Award at a ceremony in New York.
“L’Oréal is honored to be recognized as a company that conducts its business ethically,” said Mr. Agon. “I believe that companies that do business with integrity, that respect their employees and that demonstrate responsible corporate citizenship benefit from an undeniable strategic advantage. This award is a wonderful recognition of the efforts of the company and its employees and a strong encouragement for the future.”
This award is a recognition of L’Oréal’s achievements in the areas of business ethics, diversity, financial transparency and sustainable development. L’Oréal is ranked among the most ethical and sustainable companies in its sector by a variety of international rating agencies.
The Ethics Resource Center is the United States’ oldest private, nonprofit organization devoted to the advancement of high ethical standards and practices in public and private institutions.
The award, established in 1999, honors individuals and organizations who display excellence in the ethics field and whose accomplishments and contributions advance ethical business management. Mr. Agon is the second active CEO to be selected for the award.
Previous recipients include: Norman Augustine, former chairman of Lockheed Martin; John E. Pepper, retired chairman and CEO of Procter & Gamble; Sir Mark Moody-Stuart, former CEO of Royal Dutch/Shell, and Stephen Potts, former White House associate counsel.