PARIS — L’Oréal has become a founding member of the International Labour Organization’s Global Business Network for Social Protection Floors, whose aim is to take collective action and create a social protection floor for everyone.
Jean-Paul Agon, the beauty giant’s chairman and chief executive officer, accepted the invitation from Guy Ryder, ILO’s director general, at the organization’s Geneva-based international headquarters on Wednesday.
Almost 73 percent of people around the world currently lack access to sufficient social protection coverage, according to L’Oréal, which has implemented its own social protection system, called Share & Care.
ILO is culling more than 10 large multinational companies to help expand social protection around the globe.
“It is primarily the responsibility of the states to ensure the existence of adequate social protection for society and to plan, organize and finance the necessary protections,” stated Ryder. “But companies could contribute significantly to establish social protection floors adapted to each country in accordance with the conventions and the recommendations of the ILO.”
“Providing our employees worldwide with the best social protection is one of L’Oréal’s strategic ambitions,” Agon said. “This is the aim of our Share & Care program launched two years ago and rolled out in all our subsidiaries by the end [of] 2015. We have worked in close collaboration with the ILO to share our practices, and we are delighted to see that our partnership has now led to the creation of this global network of businesses dedicated to developing social protection. Together we are a driver for innovative solutions to accomplish this goal.”
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By year-end, Share & Care is to provide L’Oréal employees in 68 subsidiaries the best social benefits in health, welfare, parenthood and quality of life at work, the company said.
“This worldwide social project will also become a social-innovation laboratory within the group’s different subsidiaries,” according to L’Oréal.