L’Oréal named a world’s most ethical company

By Lucy Whitehouse contact

- Last updated on GMT

L'Oréal named a top ethical company
L’Oréal has been named as a 2017 ‘World’s Most Ethical Company’ by the Ethisphere Institute - a global leader in defining and measuring standards of ethical business practices.

This is the eighth time the company has been recognised on this annual ranking, and notes it is one of only two health and beauty players to make the list this year, alongside Kao Corporation.

Culture is the foundation of a high performing, innovative and sustainable company,​” said Jean-Paul Agon, Chairman and Chief Executive Officer 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 8th 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,”​ said Emmanuel Lulin, Senior Vice-President and Chief Ethics Officer.

What is Ethisphere’s ranking?

The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient® (EQ) framework which offers a quantitative way to assess a company’s performance in an objective, consistent and standardized way, according to the body.

The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics.

Scores are generated in five key categories:

  • ethics and compliance program (35%),
  • corporate citizenship and responsibility (20%)
  • culture of ethics (20%)
  • governance (15%)
  • leadership, innovation and reputation (10%).

Shifting demand for ethical profiles

Speaking on the launch of this year’s rankings, Timothy Erblich, CEO of Ethisphere, confirmed the now well-established trend that sees consumers increasingly demanding an ethical profile from the brands they buy.

Over the last eleven years we have seen the shift in societal expectations, constant redefinition of laws and regulations and the geo-political climate. We have also seen how companies honored as the World’s Most Ethical respond to these challenges,​” he said. 

"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.”

Related news

Show more

Related products

show more

SymDiol® 68 a smart synergistic protectant

SymDiol® 68 a smart synergistic protectant

Symrise | 09-Oct-2017 | Product Brochure

Today, cosmetic formulators face an increasingly challenging task to protect formulations and at the same time answering consumers’ desires for less preservatives...


Performance of Sunscreens with Zemea® Propanediol

DuPont Tate & Lyle Bio Products | 25-Sep-2017 | Technical / White Paper

Two underutilized OTC Category 1 sunscreen actives include ensulizole and sulisobenzone. Downfalls of these water-soluble actives are crystallization when...


Improve the standard with euxyl® K 702

Schülke & Mayr GmbH | 18-Sep-2017 | Product Brochure

euxyl® K 702 has been developed to provide maximum protection while using minimum concentration levels. Its booster system consists of Ethylhexylglycerin...

Related suppliers