During the 8th Ceremony of the Grands Prix de la Transparence (Transparency Grand Prix), L’Oréal received the Transparency Grand Prix for its Code of Ethics (Grand Prix de la Transparence – Charte Éthique). It is the first time that this prize is awarded.
Xavier Fontanet (member of L’Oréal’s Board of Directors) and Emmanuel Lulin (Senior Vice-President & Chief Ethics Officer of L’Oréal) received the prize on behalf of L’Oréal.
The Transparency Grands Prix are awarded following the results of the Transparency study, carried out each year on the public financial documentation of the French SBF 120 listed companies.
We are proud that the Transparency Grand Prix’s independent scientific Committee chose our Code of Ethics to inaugurate this new prize. L’Oréal and all its employees are honoured to learn that this founding text, essential for our Group, is so recognized.
Jean-Paul Agon, Chariman and Chief Executive Office of L’Oréal
The future of corporate communication will necessarily depend on integrated financial, extra-financial and ethical information. Based on applicable regulation, such information must be pedagogical and transparent. The quality and clarity of its Code of Ethics clearly makes L’Oréal a pioneer and leader in this respect.
Laurent Rouyrès, President of Labrador, organizer of the Transparency Grand Prix
For more information on L’Oréal’s Code of Ethics, click here: http://www.loreal.com/group/governance/acting-ethically/code-of-ethics–a-guide-for-action
For more information on the Grand Prix de la Transparence, click here: www.grandsprixtransparence.com