L’Oréal Group ranks among top 10 gender-equal companies globally according to EQUILEAP Index
L'Oréal Group ranks among top 10 gender-equal companies globally according to EQUILEAP Index The Jerusalem Post
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L’Oréal Group Ranks Among Top 10 Most Gender-Equal Companies Globally
Introduction
L’Oréal Group has been recognized as one of the top 10 most gender-equal companies globally according to the EQUILEAP Gender Equality index for 2024. The index assessed 3,795 public companies in 27 markets worldwide.
Gender Equality in L’Oréal Group
Within L’Oréal Group, women hold significant positions across various levels. They represent half of the board members, 32% of management positions, 57% of key positions, and approximately 62% of international brand managers. L’Oréal Israel also reflects a similar picture, with over 50% women in senior management roles, constituting the majority across all ranks.
Commitment to Equality, Diversity, and Inclusion
Eli Sagiv, CEO of L’Oréal Israel, emphasized that equality, diversity, and inclusion are core values of the organization. L’Oréal strives to promote equal representation and foster an inclusive organizational culture. The company ensures gender pay parity, offers specialized training for women in key roles, and provides comprehensive support for parents. These foundations contribute to creating a nurturing and diverse organizational environment that not only benefits its people but also provides a significant competitive advantage.
Empowering Women in the Community
As the leading beauty company in Israel, L’Oréal Israel is committed to empowering women in the community through partnerships and support for local social organizations. The “L’Oréal Women’s Foundation” has provided around NIS 3.5 million in support to ten Israeli organizations that address employment and economic gaps, prevent gender-based violence, and tackle other areas of gender disparities. Additionally, the company promotes equality and diversity in Israel by supporting diverse procurement and various training programs. One such program is the “Empowering Girls in Science” initiative, launched in partnership with the “Kol Israel Haverim Alliance.” This program aims to encourage middle school girls to pursue careers in science and technology, where significant gender gaps exist. Furthermore, L’Oréal’s brands advocate for women’s empowerment through social agendas. For example, the “Lancôme” brand recently collaborated with the “Future Initiatives” association to launch a new training program supporting female entrepreneurs in the beauty industry.
Focus on Sustainable Development Goals (SDGs)
The international report ranks companies based on several criteria aligned with the Sustainable Development Goals (SDGs). These criteria include gender balance in the board of directors and senior management, human capital management, gender pay gaps, and policies related to maternity leave, sexual harassment, and supply chain.
SDGs, Targets, and Indicators
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 5: Gender Equality
- SDG 8: Decent Work and Economic Growth
- SDG 10: Reduced Inequalities
- SDG 17: Partnerships for the Goals
2. What specific targets under those SDGs can be identified based on the article’s content?
- SDG 5.5: Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic, and public life.
- SDG 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.
- SDG 10.2: By 2030, empower and promote the social, economic, and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion, or economic or other status.
- SDG 17.17: Encourage and promote effective public, public-private, and civil society partnerships, building on the experience and resourcing strategies of partnerships.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Gender balance in the board of directors
- Gender balance in senior management
- Human capital management
- Gender pay gaps
- Policies related to maternity leave
- Policies related to sexual harassment
- Policies related to supply chain
4. SDGs, Targets, and Indicators Table
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 5: Gender Equality | 5.5: Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic, and public life. | – Gender balance in the board of directors – Gender balance in senior management – Gender pay gaps – Policies related to maternity leave – Policies related to sexual harassment |
| SDG 8: Decent Work and Economic Growth | 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value. | – Gender pay gaps |
| SDG 10: Reduced Inequalities | 10.2: By 2030, empower and promote the social, economic, and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion, or economic or other status. | – Human capital management |
| SDG 17: Partnerships for the Goals | 17.17: Encourage and promote effective public, public-private, and civil society partnerships, building on the experience and resourcing strategies of partnerships. | – Policies related to supply chain |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: jpost.com
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