2008 Annual Report - Sustainable Development - L'Oréal

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COmBInInG PACKAGInG InnOVAtIOn WItH EnVIROnmEntAL PROtECtIOn In 2008, the packaging innovation policy led to the filing of 71 patents and the launch of major new products such as Ôscillation by La n c ô m e , the first powermascara by microoscillation. Combining innovation with sustainable development is the goal of L’Oréal’s Packaging Research. In accordance with its certification by the FSC (Forest Stewardship Council), the group is committed to using only paper and cardboard packaging made from pulp originating from sustainably managed forests. mInImISInG ImPACt On tHE PLAnEt In 2008, the main environmental performance indicators once again improved significantly, thanks to the strong commitment of the different sites, and the ongoing policy of sustainable building construction (see page 22, Environment section). Safety results also improved, with an enlarged frequency rate (1) reduced by –15.6%, following the worldwide launch of two major training programmes. (1) Enlarged frequency rate: number of L’Oréal employees or temporary staff who have had a lost time accident and injured L’Oréal personnel in light duty per million hours worked. InDuStRIAL FACtORIES In tHE WORLD EUROPE 22 factories (including 14 in France) Consumer Products: 24 factories Active Cosmetics: 2 factories NORTH AMERIcA 8 factories Luxury Products: 7 factories Dermatology: 2 factories Roll-out of the new supply chain organisation in four geographic poles (Europe, Asia, Latin America, and North America). L’Oréal bolsters its industrial presence at the gateway to the Middle East with the acquisition of the company Canan, which has a plant near Istanbul (Turkey). Commitments Centralisation of all group purchasing in four geographic poles. The Libramont (Belgium) site chooses green energy, by installing a biomethanisation facility on the plant site. The facility, which will be started up in 2009, will enable an eightfold reduction in CO 2 emissions at full load. Towards new forms of sustainable packaging In October 2008, L’Oréal signed a convention with Ecole mInES Paris-tech, one of France’s most prestigious engineering schools, to create a Chair in Bioplastics. the group is committed to funding research into alternative solutions to plastic resins derived from petrochemicals over a period of five years. Bioplastics use renewable natural resources, are biodegradable in most cases, and minimise carbon dioxide emissions into the atmosphere. L’Oréal is thus adopting a sustainable development approach while encouraging advanced research in a field of interest for its industry. LATIN AMERIcA 3 factories Professional Products: 3 factories Raw materials: 4 factories AFRIcA – ORIENT – PAcIFIc 4 factories Certification of a lipstick mechanism (Tokyo, Japan). ASIA 5 factories 93
94 Expertise — Human Resources “L’ORÉAL & mE” (1) : OuR mutuAL COmmItmEnt 2008 marked a new stage in L’Oréal’s Human Resources policy with the launch of “L’Oréal & Me” (1) . This new programme, signalling a genuine mutual commitment between the group and each of its employees, will be rolled out progressively in all countries between now and 2010. (1) “L’Oréal & moi” in France. Developing and engaging our people “It is our ambition to make L’Oréal the employer of choice in every market where the group is present. We therefore strive to attract the best talent and create a strong relationship with each and every one of our employees, based on a long term career vision. While the employment market is becoming increasingly competitive through changing demographics, it is more than ever the mission of our Human Resources teams to support sustainable growth by developing our expertise, realising individual potential, promoting and retaining the talents of the future. It is also the mission of our teams to accompany the divisions in their organisational and business development projects, respecting L’Oréal’s social values, and with the best interests of each individual employee constantly at heart. Geoff Skingsley Executive Vice-President Human Resources “L’Oréal & Me” (1) builds on the strengths and traditional values of L’Oréal and provides concrete answers to the employee expectations that were highlighted by the internal opinion surveys in 2006. “L’Oréal & Me” (1) encompasses all the L’Oréal’s Human Resources policies and practices on career development, appraisal, remuneration and training applicable to all its employees worldwide. It evokes the core principles of L’Oréal’s human resources policy which is focused on the individual and on the group’s ambition as a responsible employer. “L’Oréal & Me” (1) supports managers in developing their teams, fostering engagement and rewarding contribution through policies which include a worldwide appraisal system and a dynamic and individualised career management process. It reinforces L’Oréal’s culture of providing continuous feedback on performance, competencies and employee aspirations. With “L’Oréal & Me” (1) , L’Oréal is underlining its ambition to forge a sustainable relationship of mutual confidence with each of its employees.
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2008 Annual Report
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The L’Oréal adventure Inventing
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Deepening our values In 2008, L’O
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Operating profit proves resilient I
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Board of Directors COMPOSITION AT D
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8 Jean-Philippe Blanpain Managing D
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of inspiration and creativity, of b
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1982 Patented by L’Oréal Researc
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To be sustainable, L’Oréal’s g
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Product meeting: developing and sha
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The Strategy and Implementation Com
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Sustainable Development — Philant
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Water L’Oréal is striving to ach
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2008 Consolidated sales of the cosm
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2008 Balance sheet and cash flows b
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2003 2004 14,029 14,534 1,870 2,063
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The L’Oréal share key figures (a
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Skincare: number 1 category in the
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In 2020… … 1 billion young seni
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The vocation of the group’s brand
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Luxury Products The Luxury Products
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Page 50 and 51: Consumer PRODUCTS L’ORÉAL PARIS
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Page 65: 62 Cosmetics ACTIVE VICHY LA ROCHE-
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Page 70 and 71: —LA ROcHE-POSAy China. —SKINcEU
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Page 94 and 95: InVEntInG A CEntuRY OF BEAutY From
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Page 100 and 101: Taking actions for diversity and eq
Page 102 and 103: tAX The mission of the Tax departme
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