Loreal 2011 Annual Report Download - page 182

180 REGISTRATION DOCUMENT − L’ORÉAL 2011
6Corporate social, environmental and societal responsibility
Social information
This chapter has been prepared in view of the future application of the decree relating to corporate transparency
obligations on social, environmental and societal ma tters.
As from 2003, by signing the United Nations Global Compact, the Group adopted the directives to communicate with
stakeholders on the progress made in the integration of the principles of the Pact and thus undertook to attest every
year to the advances made in the various fi elds concerned.
The following year, a new stage was reached with the publication of the Group’s fi rst Sustainable Development Report.
The Global Reporting Initiative (GRI) indicators, described in detail in the report, are those used by the Group to
measure the progress made with regard to Sustainable Development.
In2011, Ethical Corporation, an organisation that encourages debate and discussion with regard to corporate social
responsibility, presented L’Oréal with an award for its extra-fi nancial reporting. This award was made in recognition of
the Group’s capacity to show the progress accomplished tangibly and transparently.
Within the scope of this constant improvement in extra-fi nancial reporting, this chapter includes information on the
way in which the L’Oréal Group took into account the social, environmental and societal consequences of its business
activities in2011.
The scope and the methodology of the reporting are detailed in the methodology note placed at the end of each of
the three parts of this chapter.
6.1. Social information
6.1.1. The L’Oréal Group’s
Human Resources policy
L’Oréal has always placed the human dimension at the centre
of the Company, in a long-term vision.
The development of Women and Men is one of the key elements
of the Group’s social and economic performance.
The intention to practice an active policy with regard to diversity
as a factor of progress, innovation and creation of a social
relationship has been expressed for a number of years and has
been enriched over time with the Group’s global growth.
Recognised as one of the most attractive companies in the
world for young graduates and one of the companies that
provide the most training for development of the leadership
of its senior managers, L’Oréal always tries to achieve the right
balance between constant improvement of the efficiency of its
organisation and the enhancement of its pool of talents, at all
levels and in all countries.
L’Oréal’s Human Relations policy is founded on:
♦an active recruitment policy which is based on partnerships
with the best educational institutions in the world, the use of
novel corporate gaming and methods that make it possible to
identify and attract the best talents and select them effectively
from among the million spontaneous applications received
every year;
♦the ambition to enable each employee to evolve thanks
to individual performance monitoring and a large number
of career development opportunities supported by
comprehensive training programmes that are accessible to
everyone. The international locations of training structures
make it possible to roll out our training programmes throughout
the world. The large-scale mobility between jobs and between
countries and the many individual promotions each year
attest to the vitality of career management at L’Oréal. This
momentum is ensured by an HR network which is both in tune
with employee expectations and aware of the requirements
of our business;
♦the intention to recognise the effective contribution made by
everyone through a dynamic remuneration policy and long-
term global incentive systems;
♦a regular evaluation of the expectations of employees
throughout the world through opinion surveys leading to
action plans;
♦the search for a work environment and working conditions that
will help to make it possible for everyone to achieve personal
satisfaction;
♦an active dialogue between management and employees
and their representatives both in Europe and in the rest of
the world.