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L’Oréal Recognized For Innovation –

L’Oréal has been acknowledged by Fast Company within the publication’s inaugural Best Workplaces for Innovators listing, which honors companies and organizations that exhibit a deep dedication to innovation in any respect ranges of the corporate. 
Created by Fast Company in partnership with Accenture, the 2019 Best Workplaces for Innovators listing showcases 50 winners from quite a lot of industries, together with biotech, shopper packaged items, monetary providers, cybersecurity and engineering. Working collectively, Fast Company editors and Accenture researchers scored 362 purposes, and a panel of eight eminent judges reviewed and endorsed the highest 50 corporations. The 2019 awards function workplaces from all over the world.
“Innovation has fueled our business for more than 100 years,” stated Frédéric Rozé, president and CEO of L’Oréal USA. “To respond to the rapid transformations in our industry and meet our ambition to be the worldwide leader in beauty technology and sustainability, we will rely on our culture of innovation and entrepreneurship to help us continually evolve. This recognition is a tribute to our passionate and creative employees who dedicate themselves every day to creating the future of beauty.”
L’Oréal’s dynamic tradition offers its staff with entrepreneurial freedom and alternatives to drive transformation throughout its $30.1 billion enterprise, encompassing over 35 manufacturers, across the globe. The firm’s groups are constructing vanguard applied sciences, launching extremely personalised merchandise, reimagining shopper experiences and creating artistic options to scale back its environmental footprint.  
A Legacy of Innovation
Founded by a chemist 110 years in the past, L’Oréal continues to advance its dedication to science and know-how. With over four,000 Research and Innovation roles throughout its international workforce, L’Oréal has a deep bench of experience starting from biologists to roboticists, with ladies accounting for almost 70% of these roles. The L’Oréal Technology Incubator, established in 2012, has a presence that spans three nations and collaborates with foremost leaders in academia, know-how, and design. The firm’s open innovation technique connects the group to a worldwide ecosystem of startups and consists of partnerships with Founders Factory, Partech International Ventures, Station F and Raise Ventures. This dedication to supporting innovators extends to the L’Oréal-Unesco For Women in Science award program, now in its 21st yr, which has supported and raised the profiles of 102 laureates and greater than three,000 gifted younger scientists, who collectively have acquired over $10M in monetary help. 
A Culture of Employee-Led Transformation
L’Oréal is dedicated to evolution from the within. In 2018, the corporate launched the primary internally incubated model within the US, Seed Phytonutrients, which was the brainchild of an government whose imaginative and prescient for supporting native farmers and creating the business’s first bathe-protected paper packaging was delivered to life.  In an effort to help staff and foster an inclusive workforce and enterprise, L’Oréal USA has launched worker-led Think Tanks with quite a lot of tailor-made focuses, together with the development of government ladies; the recruitment and help of veterans reentering the workforce; staff with disabilities and the development of LGTBQ initiatives and insurance policies. To date, these Think Tanks have had a direct influence on the corporate’s insurance policies, together with a 2019 replace of its parental depart coverage, and resulted in L’Oréal’s good 100 rating on the Human Rights Campaign’s 2019 Corporate Equality Index.
A Global Commitment to Sustainability
L’Oréal is reworking its worth chain, leveraging the corporate’s scale and affect to deal with main environmental challenges. In 2019, L’Oréal acquired a “triple-A” score from the sustainability non-revenue CDP for the third yr in a row—the one firm to take action. The recognition was the results of the corporate’s Sharing Beauty With All sustainability technique, which features a US operations footprint that runs solely on renewable power, and a dedication to scale back using virgin plastic by 2025. In 2018, L’Oréal’s proprietary Sustainable Product Optimization Tool (SPOT), a singular analysis mannequin developed to evaluate the environmental and social impacts of the corporate’s merchandise, was honored by Fast Company as a “world changing idea.” This holistic strategy to constructing a extra sustainable future led to recognition by the United Nations as a Global Compact Lead for L’Oréal’s dedication to the Ten Principles for Responsible Business. 
To see the entire record of winners, go to:

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