Ethics & Boards, a leading international watchdog focusing on the governance of publicly traded companies, and the ICR, an applied research centre that has just been launched in France, teamed up to put on the first Gender Diversity Awards on 30 January.
L’Oréal, which has been pushing the boundaries of traditional gender norms in its campaigns, was picked out for its efforts, taking home the Grand Prize in the CAC 40 category, as well as the Gender Diversity Award in the Consumer Goods and Services category.
L’Oréal’s award means it is recognised for the levels of representation of women on its board, executive management bodies and throughout the company generally.
In the L’Oréal Group, women represent 70% of the company’s 89,331 employees worldwide, 33.3% of the Group's Executive Committee and 46% of the Board of Directors (7 out of 15 members) (as of 31/12/2016).
Jean-Paul Agon, Chairman and CEO of L’Oréal, said: “Gender diversity is a strategic priority for our Group as it is a source of creativity, innovation and performance.
“These two awards recognise L’Oréal’s long-standing commitment to equality between men and women at all levels of the company. They encourage us to further accelerate our efforts to advance gender diversity in our company and in society.”
About the awards: Zimmermann Index
The Awards ceremony was held as part of the inauguration of the Gender Diversity in Business Index, or Zimmermann Index.
The Zimmermann Index ranks all of the companies traded on the SBF 120 index as of 1 December 2016. The data analysed is sourced from official corporate reports on fiscal year 2015 and corporate statements as of 16 September 2016.
The index is based on 10 criteria distributed in 3 sections:
Board gender diversity
Gender diversity of executive management bodies
Women's representation within the company
“The L’Oréal Group has a long-standing commitment to workplace gender equality, and aims to ensure equal job classifications and pay for equal skills,” the company says.