Ownership structure: L'Oréal shareholders, whether individuals or legal entities, who own a portion of the capital of the Company in the form of shares (see sections 1.1.3 and 7.3).
Registered shares: shares registered in the shareholder’s own name, enabling the issuing company to identify them by name. Pursuant to Article 15 of L'Oréal's Articles of Association, any shareholder who can prove at the end of a financial year, that shares have been registered in their name for at least two calendar years and that they continue to be registered in their name at the date of payment of the dividend paid for that financial year, will be entitled to a preferential dividend on the shares that are thus registered, equal to 10% of the dividend.
French Financial Markets Authority (Autorité des marchés financiers – AMF): an independent, public, stock-market authority, which is responsible for the protection of savings invested in financial products, investor information and the proper functioning of the markets.
Beauty Tech: seamless fusion of beauty and cutting-edge technology, catalysing innovative changes in the beauty industry and elevating customer engagement thanks to unparalleled and enhanced beauty experiences (see sections 1.1.2. and 1.3.4.2.).
BOLD (Business Opportunities for L’Oréal Development): is L'Oréal's strategic corporate venture fund. BOLD's mission is to support and accelerate L'Oréal's strategy by acquiring minority stakes in start-ups behind disruptive innovations across the entire beauty value chain. BOLD’s investment portfolio is structured around four key verticals with a global geographic scope: beauty brands, beauty platforms, tech for beauty and science for beauty.
Market capitalisation: the market value of a company at a given moment. It is calculated by multiplying the market price by the number of shares comprising the share capital. At 31 December 2025, L’Oréal's market capitalisation was €195.7 billion.
CDP: an international not-for-profit organisation, offering a system for assessing a company’s strategy, initiatives and results in the fight against climate change, sustainable water management and forest protection.
Code of Ethics: available in 30 languages, and as an audiobook in French and English, it is distributed to all employees worldwide. It enables employees to understand how Ethical Principles (Integrity, Respect, Courage and Transparency) need to be reflected in their behaviour and actions, by providing simple rules and a description of concrete situations they may encounter. The Code of Ethics applies to all employees, directors and corporate officers and members of the Executive and Management Committees of the Group and its subsidiaries worldwide.
AFEP-MEDEF Code: a code of corporate governance comprising a set of recommendations drawn up by the Association Française des Entreprises Privées (AFEP) and the Mouvement des Entreprises de France (MEDEF), following consultation with various market stakeholders on corporate governance matters. L’Oréal refers to this Code.
Environmental product design: an approach integrated into the product development process, aimed at reducing overall environmental impact – from ingredients to packaging – by making choices based on scientific data and life cycle assessments (see section 4.6).
Committees of the Board of Directors: the Board of Directors has set up four Committees to help prepare its work: the Strategy and Sustainability Committee, the Audit Committee, the Human Resources and Remuneration Committee and the Nominations and Governance Committee. The duties of these Committees are set out in detail in section 2.3.3.
Consolidated financial statements: the consolidated financial statements include the financial statements of all the companies within the L’Oréal Groupe.
Parent company financial statements: the parent company financial statements correspond to the annual financial statements of the Company, L’Oréal SA (the parent company).
Board of Directors: the collegiate body that defines the Company’s business strategy and monitors its implementation, in accordance with its corporate interest, taking into consideration the social and environmental challenges associated with its business activity.
Create the beauty that moves the world: L’Oréal’s Sense of Purpose (raison d’être). It is defined in concrete actions made to consumers, employees, clients, suppliers, shareholders, service providers and communities. A full explanation of L’Oréal’s Sense of Purpose is given in section 1.1.1.
CSRD (Corporate Sustainability Reporting Directive): Directive (EU) 2022/2464 of 14 December 2022 on sustainability reporting standards. L’Oréal publishes the disclosures required by the CSRD in chapter 4 (Sustainability Report). Certain sections of other chapters are incorporated by reference in the Sustainability Report.
Preferential dividend: a dividend increase equal to 10% of the dividend granted to any shareholder who can prove at the end of a financial year, that shares have been registered in their name for at least two calendar years and that they continue to be registered in their name at the date of payment of the dividend (see "Registered Shares").
Risk factors: risks specific to L’Oréal that are key to making informed investment decisions (see section 3.5.3).
L’Oréal Foundation: corporate foundation, founded by L’Oréal. The Foundation focuses its work on three key areas of commitment. It works alongside women scientists (Science Commitment), supports thousands of women facing physical, psychological or social hardships (Inclusive Beauty Commitment) and is involved with innovative projects run by women who are responding to the climate emergency (Women and the Climate Commitment).
L’Oréal for Youth: a comprehensive, long-term programme launched in 2021, which aims to support the employment of young people and improve their employment prospects. The Group aims to increase career opportunities for young people under the age of 30, offering training content and coaching or mentoring initiatives. L’Oréal also grants scholarships to support students from disadvantaged backgrounds.
L’Oréal for the Future: the Group's global commitment to sustainable development, which is centred on four key pillars: accelerate the climate transition, safeguard nature, drive circularity and support communities (see sections 1.4.2 and 4.1.2).
