In 2004, L’Oréal was named the recipient of the first Diversity Best Practices Global Leadership Award for its commitment to creating an environment of diversity for L’Oréal’s employees, customers and suppliers.
This award places L’Oréal among the most dynamic companies in the field of diversity in the way it manages its business, its employees and its community relations. It symbolizes the efforts of L’Oréal's senior management to create a corporate culture that promotes diversity.
"We are very honored to receive this global award in recognition of our diversity initiatives," says Mr. Owen-Jones. "Our company culture fosters and values diversity. To a large extent, our strength comes from the diversity of our teams. People of all origins and cultures, different ages and levels of experience work together every day, stimulating innovation and fostering personal growth."
Criteria for this distinguished award include a commitment to diversity through corporate relations with the community, partners and suppliers, and the active support of senior management for the promotion of diversity.
"L’Oréal’s efforts to make diversity a business imperative as much as a social one are not just worthy of recognition, they are an extraordinary example for other companies to follow," said Ms. Edie Fraser, President and founder of Diversity Best Practices and the Business Women’s Network.