-The Luxury Division of L'Oreal Group-
As I mentioned in my previous post, this year L'Oreal has been recognized for the fourth time by Ethisphere Institute as one of the most ethical companies in the world. For L'oreal, company behavior is as important as its economic performance or the quality of its product. L'oreal's code of business ethics applies to all employees of the L'Oreal Group and its subsidiaries.
With respect to social responsibility, L'Oreal also aims to eliminate forest destruction from all its supply chains by 2020 and at the same time empower consumer to make sustainable consumption chooses. The program's goal is to benefit both the environment and society.
L'Oreal is also know for its community involvement. L'Oreal, together with the United Nations Educational,Scientific and Cultural Organization, established Award L'Oreal-UNESCO for exceptional women researches who have contributed significantly to scientific progress. Each lauerate is awarded a grant of $100,000.
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