Procurement Magazine June 2024 | Page 40

L ’ ORÉAL
TOP 10

05

Nicolas Hieronimus CEO , L ’ Oréal

L ’ ORÉAL

REVENUE : US $ 44bn EMPLOYEES : 87,400 CEO : NICOLAS HIERONIMUS FOUNDED : 1909
L ’ Oréal is a global beauty company that owns brands such as Lancôme , Maybelline , Garnier , and Kiehl ’ s .
It is committed to sourcing ingredients and materials responsibly , ensuring that they meet high ethical and environmental standards . L ’ Oréal works closely with suppliers to promote fair labour practices , respect for human rights , and environmental sustainability throughout the supply chain .
The beauty company is transparent about their procurement practices and regularly monitors supplier performance to ensure compliance with ethical standards . 40 June 2024