Question

In: Economics

How does L'oreal approach social responsibility.

How does L'oreal approach social responsibility.

Solutions

Expert Solution

Now a days L'oreal is aggregating information on the social impact of its products. It is united with internal as well as external stakeholders which provides people employment opportunity by which employees get benifits worldwide in terms of Insurance & Welfare protection. It provides detail about products impact and improves social profile of each and every cosmetics product. It Monitor the progress of product in four areas ; its packaging, its proportion of renewable ingredients sourced sustainability, footprint formula and social benefit of the product. Its responsibility impact upon environment widely and social issues ;which work together to grow business. Another important factor is climate change which the United nations sustainable development goals fighting through poverty to gender quality & sustainable consumption promoting measures to combat climate change by adopting such goals in near future time period to provide better information to its consumers. It is considered as the worlds leaders of change which collaborating between public sector, private sector and civil society to make Business ease inorder to support social issues and Environment that transform the world in general.


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