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L'Oréal Included in UN's Global Compact 100 Index
Posted: September 30, 2013
L'Oréal announced it has been selected for inclusion in the United Nations Global Compact 100, a new global stock index that combines corporate sustainability and baseline financial performance. The Global Compact 100 is a stock index of 100 companies committed to the Global Compact ten principles that shows a total investment return of 26.4% during the last year, surpassing the general global stock market.
Jean-Paul Agon, L'Oréal’s chairman and CEO, said, “We are honored and delighted to be included in the Global Compact 100 Index. It is encouraging to see that ethical and responsible business practices create an impact on stock performance and that sustainability is receiving increasing interest from investors.”
“L'Oréal has been supporting the United Nations Global Compact from its beginnings,” said Emmanuel Lulin, senior vice president and chief ethics officer at L'Oréal. “Our ethical principles are the foundation of our actions for human rights, responsible innovation and marketing, environmental stewardship, and social and societal responsibility.”