L’Oréal recognized by Ethical Corporation for its innovative reporting on sustainable development

(3BL Media / theCSRfeed) New York - May 18, 2011 - At the 10th Responsible Business Summit, L’Oréal, world cosmetics leader, was recognized for its innovative reporting on sustainable development by Ethical Corporation, an organization that promotes debate and discussion about corporate social responsibility.

L’Oréal has made a firm commitment to sustainable growth and to demonstrating measurable progress in sustainable development. This award recognizes the group’s ability to communicate its achievements in sustainable development. The group published its first Sustainable Development report in 2004. In 2010, L’Oréal decided to make the report more widely available through its website: http://www.sustainabledevelopment.loreal.com.   “This award acknowledges the reporting strategy that L’Oréal started implementing 2 years ago and the commitment of our employees”, says Francis Quinn, L’Oréal Sustainable Development Director.   About L’Oréal L’Oreal, the world’s leading cosmetics company, has catered to all forms of beauty in the world for over 100 years and has built an unrivalled portfolio of 23 international, diverse and complementary brands. With sales amounting to 19.5 billion euros in 2010, L’Oréal is present in 130 countries and employs 66,600 people. Regarding sustainable development, Corporate Knights, a Global Responsible Investment Network, has selected L'Oréal for its 2011 ranking of the Global 100 Most Sustainable Corporations in the World. L'Oréal has received this distinction for the 4th consecutive year. www.loreal.com   About Ethical Corporation The Ethical Corporation Institute is a think tank that was founded in 2006. It sells reports, undertakes advisory work and hosts workshops in emerging fields of corporate responsibility. Ethical Corporation is an independent publisher and a conference organiser that was founded in 2001 to encourage debate and discussion about corporate social responsibility. www.ethicalcorp.com   LORE13915