| ?The Global Reporting Initiative’s Featured Reports service enables organizations from around the world to showcase their GRI sustainability reports, and allows people to access reports based on the GRI Reporting Framework.
?Last month, changes were introduced to the Featured Reports service. Reporting organizations choosing to increase the visibility of their report by using this service now have the choice between two options – Featured Reports Basic and Featured Reports Premium.
Featured Reports Basic builds on the existing service, and enables reporting organizations to strengthen their connections with stakeholders. One of the additional benefits of Featured Reports Premium is the opportunity for a reporting organization to be highlighted in GRI’s global Newsletter.
This month hear from L'Oréal, a world leader in beauty, to find out more about why sustainability is important to the company and how it embraces the reporting journey.
Why does L’Oréal publish a sustainability report?
L'Oréal believes that communicating its environmental and social performance is as important as communicating its financial performance. Therefore, since 2007, the group has been publishing an annual sustainable development report. This report provides stakeholders with information on the development of the group’s commitments. It also lends credibility to L'Oréal's sustainable development efforts. Furthermore, in 2011 during the 10th edition of the ‘Responsible Business Summit’, L'Oréal was honoured by Ethical Corporation - the body that encourages debate and discussion on corporate social responsibility - for its 'Innovative Reporting' in the area of Sustainable Development. This award was given to acknowledge the worldwide cosmetics leader’s capacity "to tangibly and transparently communicate its sustainable development achievements."
Why does L’Oréal use the GRI Guidelines?
GRI's renowned, independent, reliable and credible system was the natural choice for the L'Oréal group's sustainable development report. Using the GRI Guidelines reflects the group's desire to ensure transparency and achieve international recognition for its commitment to sustainable development.
Describe the organization
L’Oréal is the world leader in Beauty.
For more than a century, L’Oréal has devoted itself entirely to one business: beauty. It is a business rich in meaning, as it enables all individuals to express their personalities, gain self-confidence and open up to others. L’Oréal’s mission is to offer all women and men worldwide the best in cosmetics innovation in terms of quality, efficacy and safety. The group pursues this goal by meeting the infinite diversity of beauty needs and desires all over the world.
Since its creation by a researcher, the group has been expanding the frontiers of knowledge in the industry. L’Oréal’s unique research-arm enables it to continually explore new territories and invent the products of the future, while drawing inspiration from beauty rituals the world over.
Providing access to products that enhance well-being, mobilising its innovative strength to preserve the beauty of the planet and supporting local communities - these are the exacting challenges that provide inspiration and creativity to L’Oréal.
By drawing on the diversity of its teams as well as the richness and the complementarity of its brand portfolio, L’Oréal has made making beauty universal its project for the years to come.
Number 1 cosmetics group worldwide
68,900 employees in 2011
27 international brands
20.3 billion Euros in sales in 2011
613 patents registered in 2011
For more information on L’Oréal and its sustainable development initiatives, visit their website.