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L'OREAL - INNOVER POUR LE BIEN COMMUN / Innovate for the Common Good
Best Practice
Promoter Information:
Abstract:
L'OREAL - INNOVER POUR LE BIEN COMMUN Program: Promoting Gender Equality in Technology Leadership The L'OREAL - INNOVER POUR LE BIEN COMMUN program is designed to promote the inclusion of more women in management bodies of technology companies, advancing gender equality and fostering a more diverse and equitable work environment. L'Oréal's commitment to building an inclusive and egalitarian workplace is grounded in a framework that assesses gender equality based on five core criteria: female leadership and talent development, pay equity, inclusive culture, anti-sexual harassment policies, and a brand ethos that actively supports women's rights. Key Objectives: Diverse Recruitment: L'Oréal prioritizes building diverse teams by actively seeking to recruit individuals from various backgrounds and by promoting inclusive leadership and management practices. Bias-Free Technology: The company is dedicated to eliminating bias in algorithms and ensuring that its technological solutions are fair and unbiased. Responsible Partnerships: L'Oréal collaborates with responsible suppliers who share its commitments to diversity, equality, and ethical practices, creating a supply chain that supports gender equality. Commitment to Gender Equality: L'Oréal's long-standing commitment to gender equality is demonstrated through various initiatives: Pay Gap Measurement: Since 2007, L'Oréal has been measuring and addressing pay disparities between men and women, ensuring wage parity across the company. Leadership Development: Special leadership training programs are offered to women to prepare them for higher leadership positions, strengthening the pipeline of female leaders within the company. Support for Parents: L'Oréal's Share & Care policy provides comprehensive support for parents, promoting work-life balance and helping women stay in the workforce while balancing family responsibilities. Combatting Gender-Based Violence: The company is committed to fighting gender-based violence through internal policies and partnerships aimed at creating a safe and supportive work environment for all employees. L'Oréal’s achievements in gender equality have been recognized globally, and the company has been consistently included in the Bloomberg Gender Equality Index (GEI), which evaluates listed companies for their transparency and performance in advancing gender equality. In the 2022 index, L'Oréal is among 418 companies from 45 countries recognized for their dedication to gender balance. GEI Measures Gender Equality Across Five Pillars: Female leadership and talent pool: Increasing representation of women in leadership and management positions. Wage parity: Ensuring equal pay for equal work, with systematic measures to close any gender pay gaps. Inclusive culture: Fostering an environment where diverse perspectives are valued, and all employees feel empowered to contribute. Policies against sexual harassment: Implementing and enforcing strict policies to prevent and address sexual harassment in the workplace. Brand commitment to gender equality: Promoting women’s rights and equality through external advocacy and internal practices. Impact and Representation: By the end of 2021, L'Oréal had made significant strides in gender diversity within its leadership: 50% of the board of directors were women. 59% of international brand managers were women. 55% of key leadership positions were held by women. The INNOVER POUR LE BIEN COMMUN program not only strengthens L'Oréal’s leadership in promoting gender equality in the workplace but also serves as a benchmark for other companies striving to create more inclusive and diverse corporate environments. Through its comprehensive approach to fostering female leadership and promoting gender equity, L'Oréal continues to set the standard for gender equality in the corporate world.
Keywords:
PARITY, GENDER, RESPONSIBILITY, ADMINISTRATION, Leadership
Dates:
Jan. 1, 2017 - Dec. 31, 2021
Source Specificity:
Initiative/Practice/Project/Programme/Case Studies
Website:
http://LOREAL.COM
Power Domains:
Economic
Methods Tools:
Gender Training, Competence development, Awareness-raising, Monitoring
Country:
FR
City:
National
Implementation Scale:
international
Language:
French
Other Links:
http://www.loreal.com https://www.loreal-finance.com/
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