Table of contents
1.Main facts from the report3
2.Motivation for choosing LOreal5
4.Evaluation of the report7
5.Assesment of the Report (quality principles)19
6.Assesment of the Report (principles of content)20
1. Main facts from the report
1. L’Oreal has been a member of the UN Global Compact since 2003 2. L’Oreal also works closely with the following major associations and institutes: Anti-Corruption Commission of the International Chamber of Commerce, Global Council on Business Conduct, The Conference Board, Ethics and Compliance Officers Association, The Ethics Resource Center, International Business Ethics Institute, Institute of Business Ethics, Cercle d'Éthique des Affaires. 3. The L’Oreal is the largest cosmetics group in the world with 20.3 billions Euros of sales (2011), operating in 130 and having almost 70000 employees
4. L’Oreal invest 40 million Euros annually in programs that bring tangible benefits to communities all over the world. 5. The company engages in human rights protection, is against child labor, and also executes their buy & care programs to ensure sustainable growth and compliance with CSR strategy throughout their supply chain. 6. L’Oreal has also developed very stringent anti-corruption policy with zero-tolerance statement against any corruptive actions enclosed in it. 7. L’Oreal also supports academic researches, donates to charity and regularly participates in industry forums. 8. The report demonstrates a remarkable decrease in waste and recycling, CO2 emissions, energy consumption, water use and other indicators. 9. The company has special person employed ensuring ethical behaviour of the company both internal and external (Group Director of Ethics). 10. Company has created Code of Business ethics to rely on. 11. Employee appraisal is based not only on results but also on goal attainment process itself (Obtain results with compliance to Integrity program). 12. Females are represented widely within the company.
13. 2015 targets are ambitious: 50% reduction in greenhouse gas emission, waste and water consumption per finished product. 14. Company has such awards and recognitions:
* In 2011, for the 5th consecutive year, L’Oréal has been ranked among the top 100 global firms committed to sustainable development by Corporate Knights, a Global responsible investment network. * In 2011, L’Oréal was listed in the major sustainable development indices, namely the Dow Jones Sustainability Index (for Europe), FTSE4Good, ASPI Eurozone and Ethibel (label “Pioneer and Excellence”). * In 2011, L’Oréal stood as number one in its sector in the annual Climate Counts survey that evaluates companies managing their climate impacts. * L’Oréal was among the world’s top 100 companies with regard to sustainable development in the 2011 “Newsweek Green Ranking”. * For the third time, L’Oréal is acclaimed by Ethisphčre Institute as one of the “world’s most ethical companies” in 2012. * In 2011, L’Oréal received special recognition from Ethical Corporation for ethical excellence and transparency in its corporate social responsibility and sustainable development communication. * In the 2011 ranking of the Chinese Academy of Social Sciences (CASS), L’Oréal was rated as one of the 100 most sustainable foreign companies operating in China. * In 2011, L’Oréal was ranked “Leader in the Personal and Household Goods Sector” by the Forest Footprint Disclosure. The latter measures the impact of companies’ business activities on deforestation. * WWF Palm Oil Buyers’ Scorecard ranked L’Oréal as best in class for its use of sustainably sourced palm oil in 2011.
2. Motivation for choosing LOreal
Аuthor hаvе сhosеn LOréаl for СSR rеport rеviеw аs this wеll known сompаny is thе lеаdеr in сosmеtiсs аnd hygiеnе...