First FMCG company in India to receive the award
Mumbai, 11th September 2019: L'Oréal India has been awarded the prestigious EDGE (Economic Dividends for Gender Equality) Certification for the third time. It is also the only FMCG Company and one of the five organizations in India to be accredited with the advanced MOVE level of certification.
The EDGE assessment is the leading business certification for gender equality in the workplace that is universally applicable across industries and countries. EDGE MOVE is the second level certification awarded to the company that has already implemented a framework for change, achieved significant milestones and further commits to sharpen its action plan on gender equality policies and practices.
This certification recognizes L'Oréal India's leadership and commitment to create, benchmark, and support gender equity throughout the workplace and in particular its policies for 'equal pay for equal work', building a flexible work culture and parity in recruitment, promotions and leadership trainings. The company maintains a high gender equality standard, passing regularly through audit certifications and gender pay gap assessments.
L'Oréal India was awarded the EDGE Certification after a rigorous audit by EDGE, which included a comprehensive review of the company's gender policies and practices, detailed analysis of company statistics from the entire workforce, and evaluation of the employee experience in terms of career development opportunities at the company.
Roshni Wadhwa, Director – Human Resources, L'Oréal India said, "L'Oréal India has a long-standing commitment to gender equality and this reaffirms our position as an equal opportunity employer in India. Our partnership with EDGE has helped us measure our progress regularly as well as offer an attractive work environment to our employees. L'Oréal India will continue its efforts to retain a strong gender balance at all levels and drive new benchmarks for gender equality in the workplace."
Aniela Unguresan, co-founder of EDGE Certification said, "Through its re-certification at the EDGE Move level, L'Oréal India is accelerating its journey towards gender balance. In addition to improving the effectiveness of its policies and practices to ensure equitable career flows for men and women, the company has significantly strengthened its proactive management of gender pay equity. L'Oréal India is also showing a percentage of women in management position that is almost 3 times higher than the national median of companies operating in India. We warmly congratulate L'Oréal India on these significant achievements"
About L'Oréal India
L'Oréal India has been present in the country as a wholly owned subsidiary of L'Oréal S.A. since 1994. Today L'Oréal India is present in all distribution channels with 14 brands, available in mass market channels (L'Oréal Paris, Garnier, Maybelline New-York, NYX Professional Makeup); in hair and beauty salons (L'Oréal Professionnel, Matrix, Kérastase, Cheryl's Cosmeceuticals, Decleor); in selective distribution (Kiehl's, Yves Saint Laurent, Giorgio Armani, Ralph Lauren, Diesel).
L'Oréal India employs over 1,600 people across its headquarters in Mumbai, four regional offices, two manufacturing facilities in Chakan (Pune) and in Baddi (Himachal Pradesh) and Research and Innovation facilities in Mumbai and Bangalore. www.loreal.co.in
About EDGE Certification
EDGE is the leading global assessment methodology and business certification standard for gender equality. EDGE Certification has been designed to help organisations not only create an optimal workplace for women and men, but also benefit from it. EDGE stands for Economic Dividends for Gender Equality and is distinguished by its rigor and focus on business impact. The methodology uses a business, rather than theoretical approach that incorporates benchmarking, metrics and accountability into the process. It assesses policies, practices and numbers across five different areas of analysis: equal pay for equivalent work, recruitment and promotion, leadership development training and mentoring, flexible working and company culture. EDGE is currently working with more than 170 organisations, in over 40 countries and 22 industries.
For more information, visit www.edge-cert.org or follow on Twitter @EDGE_CERT