2021 UNIVERSAL REGISTRATION DOCUMENT

1.1. The L’Oréal Group: the fundamentals

1. Presentation of the Group integrated report

1.1. The L’Oréal Group: the fundamentals

1.1.1. Our Sense of Purpose (raison d’être)

The desire for beauty has existed since the dawn of humanity. It is a universal aspiration that flows through time, countries and cultures.

Beauty is a powerful force that moves us.

Beauty is not just about appearance. It gives us confidence in who we are, in who we want to be, and in our relationships with others.

For more than a century, we have been in the unique business of creating beauty. True to the pioneering vision of our founder and with the unstinting support of his family who have always accompanied our development.

Our goal is to offer each and every person around the world the best of beauty

in terms of quality, efficiency, safety, honesty and responsibility to meet all needs and desires for beauty in their infinite diversity.

Because beauty is a permanent quest,

we harness the power of our innovation to continually enhance the performance of our products and services.

Because we value diversity, we leverage each of our brands to celebrate all expressions of beauty.

Because we strive to be exemplary with a long-term vision, we anchor our actions in our strong values and demanding ethical principles.

And because we are the global leader in beauty, we are aware that everything we do can have a meaningful impact.

Therefore:

We act to shape the future of beauty

by leveraging the best of science and technology, increasingly inspired by nature. We act to drive social innovation by offering the best working conditions, training and social protection for our employees. We act to build an enterprise with inclusivity at its heart by ensuring we are as diverse as the consumers we serve. We act to nurture lasting partnerships with our clients and suppliers, based on mutual trust and collaboration. We act to create value for all our shareholders, by sustaining a robust business model. We act to champion the cause of women and to strengthen the communities with which we engage. We act to protect the beauty of the planet by fighting climate change, respecting biodiversity and preserving natural resources.

At L’Oréal, we share a common purpose to:

Create the beauty that moves the world.

(1) See section 1.3.2. “Corporate Social Responsibility (CSR): shared and lasting growth” of this document.