欧莱雅集团 L'Oreal（LRLCY）2025年年度报告（英文版）（252页）.pdf

1、DOCUMENT DENREGISTREMENT UNIVERSEL 2025RAPPORT FINANCIER ANNUEL RAPPORT INTGRRAPPORT DE DURABILITINCLUDING THE ANNUAL FINANCIAL REPORT,THE INTEGRATED REPORTAND THE SUSTAINABILITY REPORT2025 UNIVERSAL REGISTRATION DOCUMENT2025 UNIVERSAL REGISTRATION DOCUMENTContents1Presentation of the Group Integrat

2、ed Report 51.1LOral Groupe fundamentals61.2Beauty market 211.3Value-creating model 241.42025 financial results and corporate social responsibilityprogramme392Corporate governance 532.1Framework for the implementation of corporate governance principles542.2Composition of the Board at 31 December 2025

3、572.3Organisation and operating procedures oftheBoard of Directors842.4Remuneration of Directors and corporate officers1052.5Summary table of AFEP-MEDEF Code recommendations thatarenot applied1362.6Summary statement of trading by Directors and corporate officers in LOral shares in 2025 1372.7Statuto

4、ry Auditors special report on related-party agreements 1383Risk factors and risk management 1413.1Definition and objectives of Internal Control1423.2Internal Control,risk management system andtaxpolicy1433.3Preparation and processing of accounting andfinancial information1533.4Preparation and proces

5、sing of sustainability information1553.5Risk factors and risk management1553.6Vigilance Plan1714Sustainability Report 1894.1Introduction1904.2Climate:Mitigation and Adaptation(E1)2044.3Pollution:operations and value chain(E2)2164.4Water resources:consumption andwithdrawals(E3)2224.5Biodiversity and

6、ecosystems(E4)2274.6Resource use and circular economy:formulas andpackaging(E5)2324.7Own workforce(S1)2364.8Privacy and personal data protection(S1/S4)2474.9Human rights in the value chain and affected communities(S2/S3)2494.10Product safety(S4)2544.11Transparent labelling and shift towards responsi