Download 2003 Sustainable Development Report (PDF)

AN ORGANISATION DEVOTED TO
SUSTAINABLE DEVELOPMENT
A Sustainable Development Steering Committee
is made up of managers from the functional and
operational Divisions within the company.
Seven working parties cover different aspects of
sustainable development: Vision and Strategy,
Corporate Governance, Finance and Economics,
Research and Development, Safety, Health and Environment,
Social and Human Affairs, Sponsorship and Partnerships.
The work is co-ordinated by the Director of
Sustainable Development.
Several subject areas are studied by the Committee,
in regular meetings with the Divisions concerned:
• enhancing the capacity of internal reporting and
measuring, with particular reference to the Global
Reporting Initiative recommendations,
• increasing the attention paid to all stakeholders,
• giving to group managers in all countries,
to operational and functional Divisions and to brands,
the means to take part in L’Oréal’s sustainable development,
• participating in the work of “progress circles”
that contribute to the development of these subjects and
which offer collective thinking (World Business Council for
Sustainable Development, etc.).
The concept
L’Oréal has produced its first Sustainable Development report
after examining existing practices and studying the recommendations
of international institutions and specialist organisations,
such as the UN, OECD, European Commission, WBCSD
(of which L’Oréal is a member). The Global Reporting Initiative
(GRI) reference guide, defined the objective to be reached in
terms of reporting, and helped guide the study.
L’Oréal’s Sustainable Development Steering Committee covers
seven working groups, each devoted to a different subject
area. Each subject area involves discussion of the issues facing
the company and the objectives to be attained. Data has been
collected, checked and consolidated in order to provide the
most effective description of the situation of the group.
Data relating to safety, health and the environment was examined
and certified by the Environmental Resources Management,
a firm specialised in this area. Social data and data relating to
purchasing and research, shown with an asterisk (*), were validated
by PricewaterhouseCoopers.
This report is a first step along the path of sustained progress,
which has always been an objective of L’Oréal. It will enable the
group to measure and improve its performance in the future.
For more detailed information,
consult the on-line version of this report
on the group Internet site
(http://www.loreal.com/).
This report was published in 2004.
It is based on data from fiscal year 2003.
Contact
Department for Sustainable Development
Winfried Hoelzer
+ 33 (0)1 47 56 86 55