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A beauty conglomerate helps women farm sustainably—and earn more for it.

The world’s largest cosmetic brand takes aim at two goals with its Sharing Beauty With All initiative: It trains workers to harvest essential ingredients in sustainable ways, and its plan is to help those workers—most of whom are women in developing nations—keep a greater share of the rewards. In Burkina Faso, a top source of ingredients for the moisturizer shea butter, L’Oréal has trained some 37,000 women to harvest and process shea nuts while limiting deforestation. It also reduced the roles of some middlemen, increasing the farmers’ incomes. Women in Madagascar (home of skin-care staple Centella asiatica) and India (hair-care ingredient guar gum) are benefiting from similar L’Oréal efforts.

Company Information

Country
France
Headquarters
Paris
Impact Segment
Economic Opportunity/Financial Inclusion
Sector
Household and Personal Products
Industry
Household and Personal Products
CEO
Jean-Paul Agon
Websitehttp://www.loreal.com
Company Type
Public
Ticker
LRLCY
Prior Year Rank-
Revenues ($M) (Last Fiscal Year)$31,791
Profits ($M) (Last Fiscal Year)$4,597
Market Value ($M) as of 8/12/19$144,931
Employees86,030

Refinitiv Sustainable Leadership Monitor

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