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L’ORÉAL FINANCE
AT YOUR FINGERTIPS!
Download the L’Oréal Finance
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latest financial news:
share price, strategic
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of events and more.
CONSULT ALL THE 2014 PUBLICATIONS
THE ANNUAL REPORT
L’Oréal in 2014, with its Divisions, brands and countries, driven by its mission
– Beauty for All – and by its strategy – the Universalisation of beauty.
THE REGISTRATION DOCUMENT
This document includes the 2014 financial statements, the Annual Financial
Report, the Management Report of the Board of Directors including a section
on Social and Environmental Responsibility.
THE PROGRESS REPORT
2014 Progress Report of the results of the Sharing Beauty With All
sustainability programme.
Published by the Administration and Finance and the Image and Corporate Communication Departments.
This is a free translation into English of the 2014 L’Oréal Annual Report issued in the French language and is provided solely for the convenience
of English–speaking readers. In case of discrepancy, the French version prevails.
Photograph credits : Mert Alas & Marcus Piggott for Lancôme (cover page, p.1, 9, 24, 25, 56, 3rd cover page), Ellen Von Unwerth (p.1, 18, 19,
56), Leonardo Bergamo/Agencia Sim ! Filmes, (p.1, 40, 41), Thomas Gogny (p.2), Rafael Eduardo Melo (p.5), Zhen Jiang Hong (p.5), Gian Carlo
Gobbi/eventolive (p.5), Stéphane de Bourgies (p.1, 7, 8, 9, 56, 3rd cover page), Marcel Grubenmann (p.7), Matthew Brookes, (p.1, 9, 28, 54, 56), Peter
Lindbergh (p.1, 8, 20, 56), Patric Shaw (p.1, 8, 32, 56, 3rd cover page), Leandro Bergamo (p.12, 14), LWA/Dann Tardif/Blend Imagies/Photononstop
(p.13), Si Kwok Faz (p.14, 33), NYX (p.14, 16), Vichy (p.14), Alex Smith (p.15), Oleg Nikishin (p.15), Christian Sarmiento (p.15), Carol’s Daughter (p.16),
Jean-Baptiste Degez (p.17), Jean-Charles Recht (p.17, 29), mG (p.17, 22), Niely (p.17), L’Oréal (p.21, 55), Garnier (p.21,
23, 49), Rob Matthews (p.21, 36, 37), L’Oréal Paris (p.21, 45), Kenneth Willardt for L’Oréal Paris (p.21), Gettyimages
(p.23), Abaca (p.23), Kenneth Willardt (p.23), Julien Luttenbacher for l’Oréal Paris (p.23, 47), Alexandre PAUFERT/STUDIO
106, Lancôme (p.25), Charles Helleu, ABDO BOUKHALIL (p.25), Taro Yamada/Fancy/Photononstop (p.26), imagehub88/
Thinckstock (p.26), Fabien Sarazin (p.26), Urban Decay (p.26, 27), YSL Beauté (p.26), L’Oréal/DR (p.27), Clarisonic (p.27),
Kiehl’s (p.27), Thierry Gonzales (p.29), Eric Mercier (p.29), Jean-Baptiste Degez (p.29), Patricia Schwoerer (p.30), L’Oréal
Professionnel (p.30, 31), Brian Hagiwara/Gettyimages (p.30), Alain Costa (p.30, 47), Thibaut de Saint Chamas (p.31),
La Roche-Posay (p.33, 34, 35), Vichy (p.33), Ms Shumikova (p.33), SkinCeuticals (p.33), Adrian Bedoy/Corporate
Creativity (p.34), Kettiger (p.35), Yann Kerherve/L’Oréal (p.35), The Body Shop (p.36, 37), Axel Javier Alexander/L’Oréal
(p.38), Simon Nicol/L’Oréal (p.39), Blackjack Agency/L’Oréal (p.39), Jezperklauzen/Thinckstock (p.43), L’Oréal R&I (p.43),
Matteo L’Oréal R&I (p.43, 44, 45), J.Y Guccia (p.43), Yamada Taro/Gettyimages, Zanskar/Thinckstock (p.44, 45), Norman
Chan/Thinckstock (p.44), I. Walter L’Oréal R&I (p.44), Shu Uemura (p.45), Gettyimages (p.47), Abaca (p.47), Sam Tsao
for YSL Beauté (p.47), Simon Nicol (p.49), Cyril Abad/Agence CAPA (p.49), Stoyan Vassev (p.50), LaCompagny/Pascal
Dolémieux (p.51, 53), Nicolas Fagot for Studio 9 (p.52, 53), Carter Smith for Lancôme (p.53), Terry Richardson (p.53),
Paco Santamaria (p.55), L’Oréal (p.55), L’Oréal/DR, X.
Design and production: Publicis Consultants l Verbe
133, avenue des Champs-Élysées, 75008 Paris – France.
(1) Carbon footprint data evaluated by The Edinburgh Centre for Carbon Management in partnership with The
CarbonNeutral Company. Calculations are based on a comparison between the recycled paper used versus a
virgin fibre paper according to the latest European BREF data (virgin fibre paper) available. Results are obtained
according to technical information and subject to modification.
Competitive positions and market share held by the group’s divisions and brands
mentioned in this report are based on studies, panels and polls obtained from specialised
organisations and companies, or, in the absence of comprehensive studies, are the result
of estimates made by L’Oréal on the basis of available statistical data.
Incorporated in France as a “Société Anonyme” with registered capital of 112,246,077.80 euros – 632 012 100 R.C.S. Paris – Headquarters: 41, rue Martre – 92117 Clichy Cedex – France
Tel.: +33 1 47 56 70 00 – Fax: +33 1 47 56 86 42 – Registered office: 14, rue Royale – 75008 Paris – France – www.loreal.com – www.loreal-finance.com
brand
Cocoon Gloss
basis weight
150 g/m2
number of pages
56
TEXT PAGES COVER PAGES
size
22 × 30.5 cm quantity
5,800
233 kg of CO2 or the equivalent of:
2,326
km of travel in
an average
European car
62,471
litres of water
3,829
kWh of energy
2,814
kg of wood
brand
Igloo Gloss
basis weight
350 g/m 2
number of pages
4
By using Cocoon Gloss rather than a non-recycled
paper, the environmental impact was reduced by:
1,732 kg of landfill
Environmental calculator (1)