Equileap, a non-profit organisation set up to accelerate progress towards gender equality at work, has published the first cross-sector ranking showing how well the world’s top public companies, across all sectors and countries, perform on gender equality.
3,048 global companies with a market capitalisation of over USD 2 billion in 23 countries were ranked. The information was drawn from public sources and manually researched in collaboration with the Sustainable Finance Group of Maastricht University.
Jean-Claude Le Grand, L’Oréal Senior VP Talent Development and Chief Diversity Officer, said: “Our conviction is that gender equality is a strategic lever for performance and growth. We firmly believe that diverse teams are more successful. Being recognized as the champion of gender equality among over 3000 companies worldwide is a great honor and an encouragement to go further.”
In the L’Oréal Group, women represent 70% of the company’s total workforce, 62% of executives, 33% of the Executive Committee members and 46% of the members of the Board of Directors; 58% of L’Oréal brands are managed by women (as of 31/12/2016).
In recognition of its progress on workplace gender equality, L’Oréal has received the GEEIS (Gender Equality European and International Standard) and EDGE (The Global Business Certification Standard for Gender Equality) certifications in 30 countries.
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