THE WHAT? L’Oréal USA has become the first company worldwide to be EDGEplus certified, a new certification from the EDGE (Economic Dividends for Gender Equality) global standard.
THE DETAILS The certification enables organizations to go ‘beyond gender and measure the intersectionality between gender and race/ethnicity, gender identity, sexual orientation, age, disability and nationality.’
L’Oréal USA began the certification process in January 2021, which included a review of its DE&I policies and practices to ensure equitable career opportunities.
The company also developed an internal global pay measurement tool based on the EDGE methodology to consistently measure and monitor equitable pay across its workforce.
This was demonstrated to prove that the L’Oréal USA exceeded the EDGE standard for pay at the organizational 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 ‘accelerates its progress on a journey toward gender equity and gender balance, inclusive of multiple dimensions of diversity at all levels of the company.’
Stéphane Rinderknech, President & CEO of L’Oréal USA, said, “For topics 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 support us in the next steps we must take to achieve our goals. Our diversity and inclusion mission requires a collective effort, and our recent results are a testament to L’Oréal’s commitment to developing and fostering a culture of inclusion, belonging, and growth.”