THE WHAT? L’Oréal USA has become the first company in the world to be EDGEplus certified, a new certification resulting from the global EDGE standard (Economic Dividends for Gender Equality).
THE DETAILS Certification allows organizations to go “beyond gender and measure the intersectionality between gender and race / ethnicity, gender identity, sexual orientation, age, disability and gender. Nationality “.
L’Oréal USA began the certification process in January 2021, which included a review of its DE&I policies and practices to ensure fair career opportunities.
The company has also developed an internal global compensation measurement tool based on the EDGE methodology to consistently measure and monitor fair compensation for all of its staff.
This has been shown to prove that L’Oréal USA exceeds the EDGE standard for compensation at the organization level.
THE WHY ? The certification was granted to the company following an independent verification of the findings by third-party auditors, with L’Oréal stating that it “is accelerating its progress towards gender equity and balance, including multiple dimensions of diversity at all levels. the company.’
Stéphane Rinderknech, Chairman and CEO of L’Oréal USA, declared: “For subjects as important as gender equality and pay equity for all, it is reassuring to have a partner like EDGE to validate the path we have taken and accompany us in the next steps we must take to achieve our goals. Our mission of diversity and inclusion requires a collective effort, and our recent results demonstrate L’Oréal’s commitment to developing and fostering a culture of inclusion, belonging and growth.