L'Oreal: Company Profile

L'Oreal is the world's largest beauty products company. It manufactures cosmetics, perfume, and hair and skin care items. It has been the target of numerous campaigns over its continued use of animal testing and is 30% owned by Nestle.

The company also controversially bought natural cosmetics retailer, The Body Shop and it's 2,550 stores worldwide. 

Last updated: February 2013

Annual Revenue$17.04 billion a year

 

Other BrandsBody Shop, Garnier , Maybelline, L'Oreal Paris

 

Average Product Rating4.5 out of 20

 

BoycottsYes


Naturewatch

Ethical Consumer Best Buy?No

 

Ethical issues by category

The company has operations in a number of countries that we consider to be governed by oppressive regimes. These countries were: China, Philippines, Venezuela, Thailand, Colombia, India, Vietnam and Russia. It also scores our worst rating for supply chain management.

 

L'Oréal Group is the top nanotechnology patent-holder in the United States. The 2007 Corporate Watch report 'Nanotechnology: undersized, unregulated and already here', documented the growing evidence that nanomaterials pose a unique but so far poorly understood range of toxicity problems, along with concerns about the wider social and economic impacts of nanotechnology.

 L'Oréal have no explicit public facing policy on animal testing. The company is however on Uncaged's list of companies to boycott, which it says included companies which either openly use animal-tested chemicals, or fail to demonstrate that the finished product and the ingredients they use have not been tested on animals since a fixed cut-off date. L'Oréal receives Ethical Consumer's worst rating for animal testing.
L'Oreal is also under a boycott call from Uncaged and Naturewatch over the issue and both these boycotts extended to the Body Shop brand

The company has subsidiaries in the following tax havens: Monaco, Uruguay, Ireland, Hong Kong, Singapore, Switzerland.
In addition the remuneration of CEO Jean-Paul Agon was 2,100,000 in 2011 we consider this to be excessive.

In Depth Information

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