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L'Oreal SA 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and L'Oreal SA’s Form 8-K, filed 2026-05-04 (Item 5.07 on EDGAR). Page generated 02 October 2026.

67Reported items
153Asset managers
9,998Fund votes
2026-04-24Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore L'Oreal SA in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by L'Oreal SA

These tallies are L'Oreal SA’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2026-05-04 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

L'Oreal SA — official shareholder meeting results, meeting held 2026-04-24
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Virginia C. Drosos	226,471,521	2,643,754	68,135	--	10,103,569	Majority: yes
Elect Director: Paul J. Fribourg	226,345,853	2,772,024	65,533	--	10,103,569	Majority: yes
Elect Director: J. Erik Fyrwald	228,708,085	407,052	68,273	--	10,103,569	Majority: yes
Elect Director: Brett Icahn	219,852,087	9,263,970	67,353	--	10,103,569	Majority: yes
Elect Director: Cynthia T. Jamison	224,572,575	4,434,288	176,547	--	10,103,569	Majority: yes
Elect Director: Mehmood Khan	225,096,742	3,894,870	191,798	--	10,103,569	Majority: yes
Elect Director: Jesus B. Mantas	225,736,490	3,386,456	60,464	--	10,103,569	Majority: yes
Elect Director: Richard Mulligan	226,496,059	2,620,977	66,374	--	10,103,569	Majority: yes
Elect Director: Kevin O'Byrne	224,355,702	4,762,938	64,770	--	10,103,569	Majority: yes
Elect Director: Dawn C. Willoughby	220,938,874	8,187,539	56,997	--	10,103,569	Majority: yes
The proposal to ratify the Audit Committee's selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2026 received the following votes:	223,799,689	15,434,021	53,269	--	--	Majority: yes
The advisory proposal to approve the compensation paid to the Company's named executive officers in 2025, as disclosed in the Proxy Statement, received the following votes:	199,852,600	29,195,584	135,226	--	10,103,569	Majority: yes

This meeting is also recorded here as 2026-04-29; both records come from the same filing, so the date should be checked against it.

Source: L'Oreal SA, Form 8-K, filed with the SEC on 2026-05-04 — read the filing on EDGAR.

How asset managers voted at the L'Oreal SA 2025-2026 meeting

Each item below shows how the 153 asset managers that disclosed a L'Oreal SA vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of L'Oreal SA’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approve Compensation of Nicolas Hieronimus, CEO

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 89 asset managers below cast 99.9% of the shares they voted on this item FOR (36,274,312 for, 21,090 against).

FOR: 36,274,312 (99.9%)AGAINST: 21,090 (0.1%)

Largest asset managers voting on “Approve Compensation of Nicolas Hieronimus, CEO” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
BlackRock	12,113,100	For
Vanguard	6,803,661	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Walter Scott & Partners Ltd	1,618,242	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
APG Asset Management US Inc.	923,301	For
EUPAC FUND	876,073	For
State Street	657,678	For
COMGEST GLOBAL INVESTORS S.A.S.	650,268	For
JPMorgan	585,780	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For

Showing the 25 largest of 89 asset managers. See all 89 in the interactive database.

2. Approve Compensation of Jean-Paul Agon, Chairman of the Board

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 87 asset managers below cast 99.9% of the shares they voted on this item FOR (36,273,072 for, 21,090 against).

FOR: 36,273,072 (99.9%)AGAINST: 21,090 (0.1%)

Largest asset managers voting on “Approve Compensation of Jean-Paul Agon, Chairman of the Board” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
BlackRock	12,113,100	For
Vanguard	6,803,661	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Walter Scott & Partners Ltd	1,618,242	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
APG Asset Management US Inc.	923,301	For
EUPAC FUND	876,073	For
State Street	657,678	For
COMGEST GLOBAL INVESTORS S.A.S.	650,268	For
JPMorgan	585,780	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For

Showing the 25 largest of 87 asset managers. See all 87 in the interactive database.

3. Approve Compensation Report of Corporate Officers

COMPENSATIONMajority of the votes cast: yes

Combines 2 wordings of this item as funds reported it.

87% Majority: yes · of votes cast

FOR 87%13%

FOR: 199,852,600AGAINST: 29,195,584

L'Oreal SA’s own tally for this item (“The advisory proposal to approve the compensation paid to the Company's named executive officers in 2025, as disclosed in the Proxy Statement, received the following votes:”): 199,852,600 for, 29,195,584 against, per its Form 8-K filed 2026-05-04 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

The 84 asset managers below cast 99.9% of the shares they voted on this item FOR (25,571,479 for, 21,090 against).

FOR 99.9%

FOR: 25,571,479 (99.9%)AGAINST: 21,090 (0.1%)

Largest asset managers voting on “Approve Compensation Report of Corporate Officers” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 84 asset managers. See all 84 in the interactive database.

4. Approve Remuneration Policy of CEO

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 83 asset managers below cast 99.9% of the shares they voted on this item FOR (32,256,938 for, 21,090 against).

FOR: 32,256,938 (99.9%)AGAINST: 21,090 (0.1%)

Largest asset managers voting on “Approve Remuneration Policy of CEO” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
BlackRock	11,739,536	For
Vanguard	6,803,661	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

5. Approve Remuneration Policy of Chairman of the Board

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 82 asset managers below cast 99.9% of the shares they voted on this item FOR (32,256,056 for, 21,090 against).

FOR: 32,256,056 (99.9%)AGAINST: 21,090 (0.1%)

Largest asset managers voting on “Approve Remuneration Policy of Chairman of the Board” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
BlackRock	11,739,536	For
Vanguard	6,803,661	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 82 asset managers. See all 82 in the interactive database.

6. Approve Remuneration Policy of Directors

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 82 asset managers below cast 99.9% of the shares they voted on this item FOR (32,256,056 for, 21,090 against).

FOR: 32,256,056 (99.9%)AGAINST: 21,090 (0.1%)

Largest asset managers voting on “Approve Remuneration Policy of Directors” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
BlackRock	11,739,536	For
Vanguard	6,803,661	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 82 asset managers. See all 82 in the interactive database.

7. Approve Remuneration of Directors in the Aggregate Amount of EUR 2,100,000

COMPENSATION

99.9% fund support · no official result

FOR 99.9%

The 82 asset managers below cast 99.9% of the shares they voted on this item FOR (25,485,164 for, 21,090 against).

FOR: 25,485,164 (99.9%)AGAINST: 21,090 (0.1%)

Largest asset managers voting on “Approve Remuneration of Directors in the Aggregate Amount of EUR 2,100,000” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 82 asset managers. See all 82 in the interactive database.

8. Authorize Capital Issuances for Use in Employee Stock Purchase Plans

COMPENSATION

99.4% fund support · no official result

FOR 99.4%

The 82 asset managers below cast 99.4% of the shares they voted on this item FOR (25,357,487 for, 148,767 against).

FOR: 25,357,487 (99.4%)AGAINST: 148,767 (0.6%)

Largest asset managers voting on “Authorize Capital Issuances for Use in Employee Stock Purchase Plans” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	6,803,661	0	For
BlackRock	4,968,644	0	For
Capital Group	2,598,555	0	For
Fidelity	2,085,839	0	For
Goldman Sachs	1,304,841	0	For
TIAA	1,000,024	0	For
EUPAC FUND	876,073	0	For
State Street	657,678	0	For
T. Rowe Price	457,236	0	For
Morgan Stanley	445,716	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	0	For
WisdomTree	326,542	0	For
Thornburg	317,885	0	For
JPMorgan	311,617	0	For
Legg Mason	291,618	0	For
JANUS INVESTMENT FUND	265,567	0	For
BNY Mellon	230,322	0	For
Invesco	219,675	0	For
Dimensional	204,296	0	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	0	For
OLD WESTBURY FUNDS INC	0	148,767	Against
American Century	130,155	0	For
DWS	116,904	0	For
Equitable	108,131	0	For
AIG/SunAmerica	104,996	0	For

Showing the 25 largest of 82 asset managers. See all 82 in the interactive database.

9. Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries

COMPENSATION

99.4% fund support · no official result

FOR 99.4%

The 82 asset managers below cast 99.4% of the shares they voted on this item FOR (25,357,487 for, 148,767 against).

FOR: 25,357,487 (99.4%)AGAINST: 148,767 (0.6%)

Largest asset managers voting on “Authorize Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International S” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	6,803,661	0	For
BlackRock	4,968,644	0	For
Capital Group	2,598,555	0	For
Fidelity	2,085,839	0	For
Goldman Sachs	1,304,841	0	For
TIAA	1,000,024	0	For
EUPAC FUND	876,073	0	For
State Street	657,678	0	For
T. Rowe Price	457,236	0	For
Morgan Stanley	445,716	0	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	0	For
WisdomTree	326,542	0	For
Thornburg	317,885	0	For
JPMorgan	311,617	0	For
Legg Mason	291,618	0	For
JANUS INVESTMENT FUND	265,567	0	For
BNY Mellon	230,322	0	For
Invesco	219,675	0	For
Dimensional	204,296	0	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	0	For
OLD WESTBURY FUNDS INC	0	148,767	Against
American Century	130,155	0	For
DWS	116,904	0	For
Equitable	108,131	0	For
AIG/SunAmerica	104,996	0	For

Showing the 25 largest of 82 asset managers. See all 82 in the interactive database.

10. Authorize up to 0.6 Percent of Issued Capital for Use in Restricted Stock Plans

COMPENSATION

100% fund support · no official result

FOR 100%

The 82 asset managers below cast 100% of the shares they voted on this item FOR (25,506,254 for, 0 against).

FOR: 25,506,254 (100.0%)

Largest asset managers voting on “Authorize up to 0.6 Percent of Issued Capital for Use in Restricted Stock Plans” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 82 asset managers. See all 82 in the interactive database.

11. Amend Article 12 of Bylaws to Incorporate Legal Changes Re: General Meetings

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 81 asset managers below cast 100% of the shares they voted on this item FOR (25,500,654 for, 0 against).

FOR: 25,500,654 (100.0%)

Largest asset managers voting on “Amend Article 12 of Bylaws to Incorporate Legal Changes Re: General Meetings” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

12. Approve Allocation of Income and Dividends of EUR 7.20 per Share and an Extra of EUR 0.72 per Share to Long Term Registered Shares

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 81 asset managers below cast 100% of the shares they voted on this item FOR (25,500,654 for, 0 against).

FOR: 25,500,654 (100.0%)

Largest asset managers voting on “Approve Allocation of Income and Dividends of EUR 7.20 per Share and an Extra of EUR 0.72 per Share to Long Te” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

13. Approve Consolidated Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 81 asset managers below cast 100% of the shares they voted on this item FOR (25,500,654 for, 0 against).

FOR: 25,500,654 (100.0%)

Largest asset managers voting on “Approve Consolidated Financial Statements and Statutory Reports” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

14. Approve Financial Statements and Statutory Reports

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 81 asset managers below cast 100% of the shares they voted on this item FOR (25,500,654 for, 0 against).

FOR: 25,500,654 (100.0%)

Largest asset managers voting on “Approve Financial Statements and Statutory Reports” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

15. Authorize Decrease in Share Capital via Cancellation of Repurchased Shares

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 81 asset managers below cast 100% of the shares they voted on this item FOR (25,500,654 for, 0 against).

FOR: 25,500,654 (100.0%)

Largest asset managers voting on “Authorize Decrease in Share Capital via Cancellation of Repurchased Shares” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

16. Authorize Repurchase of Up to 10 Percent of Issued Share Capital

CAPITAL STRUCTURE

100% fund support · no official result

FOR 100%

The 81 asset managers below cast 100% of the shares they voted on this item FOR (25,500,654 for, 0 against).

FOR: 25,500,654 (100.0%)

Largest asset managers voting on “Authorize Repurchase of Up to 10 Percent of Issued Share Capital” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

17. Elect Anna Lenz as Director

DIRECTOR ELECTIONS

97% fund support · no official result

FOR 97%

The 81 asset managers below cast 97% of the shares they voted on this item FOR (24,612,357 for, 888,297 against).

FOR: 24,612,357 (96.5%)AGAINST: 888,297 (3.5%)

Largest asset managers voting on “Elect Anna Lenz as Director” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	6,803,661	0	For
BlackRock	4,968,644	0	For
Capital Group	2,598,555	0	For
Fidelity	2,085,839	0	For
Goldman Sachs	1,304,841	0	For
TIAA	1,000,024	0	For
EUPAC FUND	876,073	0	For
State Street	0	657,678	Against
T. Rowe Price	457,236	0	For
Morgan Stanley	442,778	2,938	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	0	For
WisdomTree	326,542	0	For
Thornburg	317,885	0	For
JPMorgan	311,617	0	For
Legg Mason	291,618	0	For
JANUS INVESTMENT FUND	265,567	0	For
BNY Mellon	230,322	0	For
Invesco	181,538	38,137	For
Dimensional	204,296	0	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	0	For
OLD WESTBURY FUNDS INC	148,767	0	For
American Century	130,155	0	For
DWS	116,904	0	For
Equitable	108,131	0	For
AIG/SunAmerica	104,996	0	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

18. Elect Christel Bories as Director

DIRECTOR ELECTIONS

99.2% fund support · no official result

FOR 99.2%

The 81 asset managers below cast 99.2% of the shares they voted on this item FOR (25,310,345 for, 190,309 against).

FOR: 25,310,345 (99.3%)AGAINST: 190,309 (0.7%)

Largest asset managers voting on “Elect Christel Bories as Director” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	6,803,661	0	For
BlackRock	4,968,644	0	For
Capital Group	2,598,555	0	For
Fidelity	2,085,839	0	For
Goldman Sachs	1,304,841	0	For
TIAA	1,000,024	0	For
EUPAC FUND	876,073	0	For
State Street	657,678	0	For
T. Rowe Price	457,236	0	For
Morgan Stanley	442,778	2,938	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	0	For
WisdomTree	326,542	0	For
Thornburg	317,885	0	For
JPMorgan	311,617	0	For
Legg Mason	291,618	0	For
JANUS INVESTMENT FUND	265,567	0	For
BNY Mellon	230,322	0	For
Invesco	219,675	0	For
Dimensional	204,296	0	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	0	For
OLD WESTBURY FUNDS INC	148,767	0	For
American Century	130,155	0	For
DWS	116,904	0	For
Equitable	108,131	0	For
AIG/SunAmerica	104,996	0	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

19. Elect Pablo Isla as Director

DIRECTOR ELECTIONS

99% fund support · no official result

FOR 99%

The 81 asset managers below cast 99% of the shares they voted on this item FOR (25,138,918 for, 361,736 against).

FOR: 25,138,918 (98.6%)AGAINST: 361,736 (1.4%)

Largest asset managers voting on “Elect Pablo Isla as Director” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	6,803,661	0	For
BlackRock	4,968,644	0	For
Capital Group	2,598,555	0	For
Fidelity	1,877,040	208,799	For
Goldman Sachs	1,304,841	0	For
TIAA	1,000,024	0	For
EUPAC FUND	876,073	0	For
State Street	657,678	0	For
T. Rowe Price	457,236	0	For
Morgan Stanley	442,778	2,938	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	0	For
WisdomTree	326,542	0	For
Thornburg	317,885	0	For
JPMorgan	311,617	0	For
Legg Mason	291,618	0	For
JANUS INVESTMENT FUND	265,567	0	For
BNY Mellon	230,322	0	For
Invesco	219,675	0	For
Dimensional	204,296	0	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	0	For
OLD WESTBURY FUNDS INC	148,767	0	For
American Century	130,155	0	For
DWS	116,904	0	For
Equitable	108,131	0	For
AIG/SunAmerica	104,996	0	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

20. Reelect Jean-Paul Agon as Director

DIRECTOR ELECTIONS

99.5% fund support · no official result

FOR 99.5%

The 81 asset managers below cast 99.5% of the shares they voted on this item FOR (25,382,187 for, 118,467 against).

FOR: 25,382,187 (99.5%)AGAINST: 118,467 (0.5%)

Largest asset managers voting on “Reelect Jean-Paul Agon as Director” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	6,803,661	0	For
BlackRock	4,968,644	0	For
Capital Group	2,598,555	0	For
Fidelity	2,085,839	0	For
Goldman Sachs	1,304,841	0	For
TIAA	1,000,024	0	For
EUPAC FUND	876,073	0	For
State Street	657,678	0	For
T. Rowe Price	457,236	0	For
Morgan Stanley	442,778	2,938	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	0	For
WisdomTree	326,542	0	For
Thornburg	317,885	0	For
JPMorgan	311,617	0	For
Legg Mason	291,618	0	For
JANUS INVESTMENT FUND	265,567	0	For
BNY Mellon	230,322	0	For
Invesco	219,675	0	For
Dimensional	204,296	0	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	0	For
OLD WESTBURY FUNDS INC	148,767	0	For
American Century	130,155	0	For
DWS	116,904	0	For
Equitable	108,131	0	For
AIG/SunAmerica	104,996	0	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

21. Reelect Patrice Caine as Director

DIRECTOR ELECTIONS

97% fund support · no official result

FOR 97%

The 81 asset managers below cast 97% of the shares they voted on this item FOR (24,722,847 for, 777,807 against).

FOR: 24,722,847 (96.9%)AGAINST: 777,807 (3.1%)

Largest asset managers voting on “Reelect Patrice Caine as Director” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	6,803,661	0	For
BlackRock	4,968,644	0	For
Capital Group	2,598,555	0	For
Fidelity	2,085,839	0	For
Goldman Sachs	1,304,841	0	For
TIAA	1,000,024	0	For
EUPAC FUND	876,073	0	For
State Street	0	657,678	Against
T. Rowe Price	457,236	0	For
Morgan Stanley	442,778	2,938	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	0	For
WisdomTree	326,542	0	For
Thornburg	317,885	0	For
JPMorgan	311,617	0	For
Legg Mason	291,618	0	For
JANUS INVESTMENT FUND	265,567	0	For
BNY Mellon	230,322	0	For
Invesco	219,675	0	For
Dimensional	204,296	0	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	0	For
OLD WESTBURY FUNDS INC	148,767	0	For
American Century	130,155	0	For
DWS	116,904	0	For
Equitable	108,131	0	For
AIG/SunAmerica	104,996	0	For

Showing the 25 largest of 81 asset managers. See all 81 in the interactive database.

22. Authorize Filing of Required Documents/Other Formalities

CORPORATE GOVERNANCE

100% fund support · no official result

FOR 100%

The 80 asset managers below cast 100% of the shares they voted on this item FOR (25,500,054 for, 0 against).

FOR: 25,500,054 (100.0%)

Largest asset managers voting on “Authorize Filing of Required Documents/Other Formalities” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	6,803,661	For
BlackRock	4,968,644	For
Capital Group	2,598,555	For
Fidelity	2,085,839	For
Goldman Sachs	1,304,841	For
TIAA	1,000,024	For
EUPAC FUND	876,073	For
State Street	657,678	For
T. Rowe Price	457,236	For
Morgan Stanley	445,716	For
MASSACHUSETTS INVESTORS GROWTH STOCK FUND	343,816	For
WisdomTree	326,542	For
Thornburg	317,885	For
JPMorgan	311,617	For
Legg Mason	291,618	For
JANUS INVESTMENT FUND	265,567	For
BNY Mellon	230,322	For
Invesco	219,675	For
Dimensional	204,296	For
INTERNATIONAL GROWTH & INCOME FUND	154,603	For
OLD WESTBURY FUNDS INC	148,767	For
American Century	130,155	For
DWS	116,904	For
Equitable	108,131	For
AIG/SunAmerica	104,996	For

Showing the 25 largest of 80 asset managers. See all 80 in the interactive database.

23. APPROVAL OF THE FIXED AND VARIABLE COMPONENTS OF THE TOTAL REMUNERATION AND BENEFITS IN KIND PAID DURING THE 2025 FINANCIAL YEAR OR AWARDED IN RESPECT OF THIS FINANCIAL YEAR TO "MR. JEAN-PAUL AGON", IN HIS CAPACITY AS CHAIRMAN OF THE BOARD OF DIRECTORS

SECTION 14A SAY-ON-PAY VOTES

Combines 2 wordings of this item as funds reported it.

99.8% fund support · no official result

FOR 99.7%

The 47 asset managers below cast 99.8% of the shares they voted on this item FOR (12,862,004 for, 19,372 against).

FOR: 12,862,004 (99.8%)AGAINST: 19,372 (0.2%)ABSTAIN: 41 (0.0%)NOT VOTED: 6,827 (0.1%)

Largest asset managers voting on “APPROVAL OF THE FIXED AND VARIABLE COMPONENTS OF THE TOTAL REMUNERATION AND BENEFITS IN KIND PAID DURING THE 2” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
BlackRock	6,397,857	19,372	For
BAILLIE GIFFORD OVERSEAS LTD	2,361,575	0	For
Vanguard	1,783,581	0	For
Six Circles Trust	482,880	0	For
HARDING LOEVNER FUNDS INC	365,858	0	For
1832 Asset Management L.P.	291,174	0	For
BAILLIE GIFFORD FUNDS	219,885	0	For
BAILLIE GIFFORD & CO LTD	175,834	0	For
Korea Investment CORP	141,180	0	For
HARDING LOEVNER LP	134,741	0	For
JPMorgan	94,888	0	For
Siemens Fonds Invest GmbH	78,905	0	For
John Hancock	69,693	0	For
Bridge Builder Trust	56,353	0	For
Jackson National	43,373	0	For
Harbor ETF Trust	41,912	0	For
Baillie Gifford Investment Management (Europe) Ltd	30,907	0	For
S-Bank Fund Management Ltd	18,532	0	For
Northern Trust	15,347	0	For
BAILLIE GIFFORD & CO	13,303	0	For
Morningstar Funds Trust	0	0	Not Voted
CARILLON SERIES TRUST	5,558	0	For
Listed Funds Trust	5,421	0	For
PNC BANK, NATIONAL ASSOCIATION	5,010	0	For
LKCM Funds	4,497	0	For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

24. APPROVAL OF THE FIXED AND VARIABLE COMPONENTS OF THE TOTAL REMUNERATION AND BENEFITS IN KIND PAID DURING THE 2025 FINANCIAL YEAR OR AWARDED IN RESPECT OF THIS FINANCIAL YEAR TO "MR. NICOLAS HIERONIMUS" IN HIS CAPACITY AS CHIEF EXECUTIVE OFFICER

SECTION 14A SAY-ON-PAY VOTES

99.8% fund support · no official result

FOR 99.7%

The 47 asset managers below cast 99.8% of the shares they voted on this item FOR (12,862,004 for, 19,372 against).

FOR: 12,862,004 (99.8%)AGAINST: 19,372 (0.2%)ABSTAIN: 41 (0.0%)NOT VOTED: 6,827 (0.1%)

Largest asset managers voting on “APPROVAL OF THE FIXED AND VARIABLE COMPONENTS OF THE TOTAL REMUNERATION AND BENEFITS IN KIND PAID DURING THE 2” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
BlackRock	6,397,857	19,372	For
BAILLIE GIFFORD OVERSEAS LTD	2,361,575	0	For
Vanguard	1,783,581	0	For
Six Circles Trust	482,880	0	For
HARDING LOEVNER FUNDS INC	365,858	0	For
1832 Asset Management L.P.	291,174	0	For
BAILLIE GIFFORD FUNDS	219,885	0	For
BAILLIE GIFFORD & CO LTD	175,834	0	For
Korea Investment CORP	141,180	0	For
HARDING LOEVNER LP	134,741	0	For
JPMorgan	94,888	0	For
Siemens Fonds Invest GmbH	78,905	0	For
John Hancock	69,693	0	For
Bridge Builder Trust	56,353	0	For
Jackson National	43,373	0	For
Harbor ETF Trust	41,912	0	For
Baillie Gifford Investment Management (Europe) Ltd	30,907	0	For
S-Bank Fund Management Ltd	18,532	0	For
Northern Trust	15,347	0	For
BAILLIE GIFFORD & CO	13,303	0	For
Morningstar Funds Trust	0	0	Not Voted
CARILLON SERIES TRUST	5,558	0	For
Listed Funds Trust	5,421	0	For
PNC BANK, NATIONAL ASSOCIATION	5,010	0	For
LKCM Funds	4,497	0	For

Showing the 25 largest of 47 asset managers. See all 47 in the interactive database.

25. APPROVAL OF THE DIRECTORS' REMUNERATION POLICY

COMPENSATIONCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.9%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (9,510,684 for, 0 against).

FOR: 9,510,684 (99.9%)NOT VOTED: 6,827 (0.1%)

Largest asset managers voting on “APPROVAL OF THE DIRECTORS' REMUNERATION POLICY” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
BlackRock	6,417,229	For
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Janney Montgomery Scott LLC	166	For
Tema ETF Trust	27	For

26. APPROVAL OF THE REMUNERATION POLICY OF THE CHAIRMAN OF THE BOARD OF DIRECTORS

COMPENSATION

99.7% fund support · no official result

FOR 99.7%

The 24 asset managers below cast 99.7% of the shares they voted on this item FOR (9,491,312 for, 19,372 against).

FOR: 9,491,312 (99.7%)AGAINST: 19,372 (0.2%)NOT VOTED: 6,827 (0.1%)

Largest asset managers voting on “APPROVAL OF THE REMUNERATION POLICY OF THE CHAIRMAN OF THE BOARD OF DIRECTORS” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
BlackRock	6,397,857	19,372	For
Vanguard	1,783,581	0	For
Six Circles Trust	482,880	0	For
HARDING LOEVNER FUNDS INC	365,858	0	For
BAILLIE GIFFORD FUNDS	219,885	0	For
John Hancock	69,693	0	For
Bridge Builder Trust	56,353	0	For
Jackson National	43,373	0	For
Harbor ETF Trust	41,912	0	For
Morningstar Funds Trust	0	0	Not Voted
CARILLON SERIES TRUST	5,558	0	For
Listed Funds Trust	5,421	0	For
LKCM Funds	4,497	0	For
EA Series Trust	3,468	0	For
PFM Multi-Manager Series Trust	2,915	0	For
HARBOR FUNDS	2,910	0	For
Pacer Funds Trust	1,850	0	For
GPS Funds I	1,143	0	For
Zacks Trust	649	0	For
RBC FUNDS TRUST	581	0	For
Innovator ETFs Trust	513	0	For
Calamos	222	0	For
Janney Montgomery Scott LLC	166	0	For
Tema ETF Trust	27	0	For

27. APPROVAL OF THE CHIEF EXECUTIVE OFFICER'S REMUNERATION POLICY

COMPENSATIONCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 99.7%

The 24 asset managers below cast 99.7% of the shares they voted on this item FOR (9,491,312 for, 19,372 against).

FOR: 9,491,312 (99.7%)AGAINST: 19,372 (0.2%)NOT VOTED: 6,827 (0.1%)

Largest asset managers voting on “APPROVAL OF THE CHIEF EXECUTIVE OFFICER'S REMUNERATION POLICY” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
BlackRock	6,397,857	19,372	For
Vanguard	1,783,581	0	For
Six Circles Trust	482,880	0	For
HARDING LOEVNER FUNDS INC	365,858	0	For
BAILLIE GIFFORD FUNDS	219,885	0	For
John Hancock	69,693	0	For
Bridge Builder Trust	56,353	0	For
Jackson National	43,373	0	For
Harbor ETF Trust	41,912	0	For
Morningstar Funds Trust	0	0	Not Voted
CARILLON SERIES TRUST	5,558	0	For
Listed Funds Trust	5,421	0	For
LKCM Funds	4,497	0	For
EA Series Trust	3,468	0	For
PFM Multi-Manager Series Trust	2,915	0	For
HARBOR FUNDS	2,910	0	For
Pacer Funds Trust	1,850	0	For
GPS Funds I	1,143	0	For
Zacks Trust	649	0	For
RBC FUNDS TRUST	581	0	For
Innovator ETFs Trust	513	0	For
Calamos	222	0	For
Janney Montgomery Scott LLC	166	0	For
Tema ETF Trust	27	0	For

28. SETTING OF THE MAXIMUM OVERALL ANNUAL AMOUNT ALLOCATED TO DIRECTORS IN REMUNERATION FOR THEIR MANDATE

COMPENSATION

100% fund support · no official result

FOR 99.7%

The 24 asset managers below cast 100% of the shares they voted on this item FOR (3,095,995 for, 0 against).

FOR: 3,095,995 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “SETTING OF THE MAXIMUM OVERALL ANNUAL AMOUNT ALLOCATED TO DIRECTORS IN REMUNERATION FOR THEIR MANDATE” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Janney Montgomery Scott LLC	166	For
Tema ETF Trust	27	For

29. AMENDMENT OF ARTICLE 12 OF THE ARTICLES OF ASSOCIATION RELATING TO THE "GENERAL RULES" ON GENERAL MEETINGS IN ORDER TO TAKE INTO ACCOUNT THE REGULATORY CHANGES OF DECREE NO. 2026-94 OF FEBRUARY 13, 2026 KNOWN AS "ATTRACTIVENESS"

CORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “AMENDMENT OF ARTICLE 12 OF THE ARTICLES OF ASSOCIATION RELATING TO THE "GENERAL RULES" ON GENERAL MEETINGS IN ” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

30. APPOINTMENT OF "MR. PABLO ISLA" AS A DIRECTOR

DIRECTOR ELECTIONS

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “APPOINTMENT OF "MR. PABLO ISLA" AS A DIRECTOR” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

31. APPOINTMENT OF "MRS. ANNA LENZ" AS A DIRECTOR

DIRECTOR ELECTIONS

99.7% fund support · no official result

FOR 99.5%

The 23 asset managers below cast 99.7% of the shares they voted on this item FOR (3,087,255 for, 8,574 against).

FOR: 3,087,255 (99.5%)AGAINST: 8,574 (0.3%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “APPOINTMENT OF "MRS. ANNA LENZ" AS A DIRECTOR” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	1,783,581	0	For
Six Circles Trust	482,880	0	For
HARDING LOEVNER FUNDS INC	365,858	0	For
BAILLIE GIFFORD FUNDS	219,885	0	For
John Hancock	61,119	8,574	For
Bridge Builder Trust	56,353	0	For
Jackson National	43,373	0	For
Harbor ETF Trust	41,912	0	For
Morningstar Funds Trust	0	0	Not Voted
CARILLON SERIES TRUST	5,558	0	For
Listed Funds Trust	5,421	0	For
LKCM Funds	4,497	0	For
EA Series Trust	3,468	0	For
PFM Multi-Manager Series Trust	2,915	0	For
HARBOR FUNDS	2,910	0	For
BlackRock	2,540	0	For
Pacer Funds Trust	1,850	0	For
GPS Funds I	1,143	0	For
Zacks Trust	649	0	For
RBC FUNDS TRUST	581	0	For
Innovator ETFs Trust	513	0	For
Calamos	222	0	For
Tema ETF Trust	27	0	For

32. APPOINTMENT OF "MRS. CHRISTEL BORIES" AS A DIRECTOR

DIRECTOR ELECTIONS

99.9% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 99.9% of the shares they voted on this item FOR (3,094,739 for, 1,090 against).

FOR: 3,094,739 (99.7%)AGAINST: 1,090 (0.0%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “APPOINTMENT OF "MRS. CHRISTEL BORIES" AS A DIRECTOR” at L'Oreal SA, 2025-2026
Asset manager	For	Against	Vote
Vanguard	1,783,581	0	For
Six Circles Trust	482,880	0	For
HARDING LOEVNER FUNDS INC	365,858	0	For
BAILLIE GIFFORD FUNDS	219,885	0	For
John Hancock	69,693	0	For
Bridge Builder Trust	56,353	0	For
Jackson National	43,373	0	For
Harbor ETF Trust	41,912	0	For
Morningstar Funds Trust	0	0	Not Voted
CARILLON SERIES TRUST	5,558	0	For
Listed Funds Trust	5,421	0	For
LKCM Funds	4,497	0	For
EA Series Trust	2,378	1,090	For
PFM Multi-Manager Series Trust	2,915	0	For
HARBOR FUNDS	2,910	0	For
BlackRock	2,540	0	For
Pacer Funds Trust	1,850	0	For
GPS Funds I	1,143	0	For
Zacks Trust	649	0	For
RBC FUNDS TRUST	581	0	For
Innovator ETFs Trust	513	0	For
Calamos	222	0	For
Tema ETF Trust	27	0	For

33. APPROPRIATION OF PROFIT FOR THE 2025 FINANCIAL YEAR AND SETTING OF THE DIVIDEND

CAPITAL STRUCTURE

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “APPROPRIATION OF PROFIT FOR THE 2025 FINANCIAL YEAR AND SETTING OF THE DIVIDEND” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

34. APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2025 FINANCIAL YEAR

OTHER

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE 2025 FINANCIAL YEAR” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

35. APPROVAL OF THE FINANCIAL STATEMENTS FOR THE 2025 FINANCIAL YEAR

OTHER

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “APPROVAL OF THE FINANCIAL STATEMENTS FOR THE 2025 FINANCIAL YEAR” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

36. APPROVAL OF THE INFORMATION RELATING TO THE REMUNERATION OF EACH OF THE CORPORATE OFFICERS REQUIRED BY ARTICLE L. 22-10-9, I OF THE FRENCH COMMERCIAL CODE

COMPENSATION

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “APPROVAL OF THE INFORMATION RELATING TO THE REMUNERATION OF EACH OF THE CORPORATE OFFICERS REQUIRED BY ARTICLE” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

37. AUTHORIZATION FOR THE COMPANY TO BUY BACK ITS OWN SHARES

CAPITAL STRUCTURE

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “AUTHORIZATION FOR THE COMPANY TO BUY BACK ITS OWN SHARES” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

38. AUTHORIZATION GIVEN TO THE BOARD OF DIRECTORS TO PROCEED WITH THE FREE ALLOCATION TO EMPLOYEES AND CORPORATE OFFICERS OF EXISTING SHARES AND/OR SHARES TO BE ISSUED ENTAILING A WAIVER BY SHAREHOLDERS OF THEIR PREFERENTIAL SUBSCRIPTION RIGHTS

COMPENSATION

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “AUTHORIZATION GIVEN TO THE BOARD OF DIRECTORS TO PROCEED WITH THE FREE ALLOCATION TO EMPLOYEES AND CORPORATE O” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

39. AUTHORIZATION GIVEN TO THE BOARD OF DIRECTORS TO REDUCE THE SHARE CAPITAL BY CANCELLING THE SHARES ACQUIRED BY THE COMPANY UNDER ARTICLE L. 22-10-62 OF THE FRENCH COMMERCIAL CODE

CAPITAL STRUCTURE

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “AUTHORIZATION GIVEN TO THE BOARD OF DIRECTORS TO REDUCE THE SHARE CAPITAL BY CANCELLING THE SHARES ACQUIRED BY” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

40. DELEGATION OF AUTHORITY GRANTED TO THE BOARD OF DIRECTORS TO ALLOW THE COMPLETION OF A CAPITAL INCREASE RESERVED FOR EMPLOYEES WITH CANCELLATION OF SHAREHOLDERS' PREFERENTIAL SUBSCRIPTION RIGHTS

CAPITAL STRUCTURE

100% fund support · no official result

FOR 99.7%

The 23 asset managers below cast 100% of the shares they voted on this item FOR (3,095,829 for, 0 against).

FOR: 3,095,829 (99.8%)NOT VOTED: 6,827 (0.2%)

Largest asset managers voting on “DELEGATION OF AUTHORITY GRANTED TO THE BOARD OF DIRECTORS TO ALLOW THE COMPLETION OF A CAPITAL INCREASE RESERV” at L'Oreal SA, 2025-2026
Asset manager	For	Vote
Vanguard	1,783,581	For
Six Circles Trust	482,880	For
HARDING LOEVNER FUNDS INC	365,858	For
BAILLIE GIFFORD FUNDS	219,885	For
John Hancock	69,693	For
Bridge Builder Trust	56,353	For
Jackson National	43,373	For
Harbor ETF Trust	41,912	For
Morningstar Funds Trust	0	Not Voted
CARILLON SERIES TRUST	5,558	For
Listed Funds Trust	5,421	For
LKCM Funds	4,497	For
EA Series Trust	3,468	For
PFM Multi-Manager Series Trust	2,915	For
HARBOR FUNDS	2,910	For
BlackRock	2,540	For
Pacer Funds Trust	1,850	For
GPS Funds I	1,143	For
Zacks Trust	649	For
RBC FUNDS TRUST	581	For
Innovator ETFs Trust	513	For
Calamos	222	For
Tema ETF Trust	27	For

Showing the 40 reported items with the widest manager coverage, of 67 in total. View every item.

Largest L'Oreal SA shareholders voting in 2025-2026

Ranked by the number of L'Oreal SA shares each manager voted on the most widely held ballot item of the 2025-2026 meeting.

Top L'Oreal SA shareholders by shares voted, 2025-2026
#	Asset manager	Shares voted
1	BlackRock	12,113,100
2	Vanguard	6,803,661
3	Capital Group	2,598,555
4	Fidelity	2,085,839
5	Walter Scott & Partners Ltd	1,618,242
6	Goldman Sachs	1,304,841
7	TIAA	1,000,024
8	APG Asset Management US Inc.	923,301
9	EUPAC FUND	876,073
10	State Street	657,678

Shown as share counts, not percentages: no shares-outstanding figure has been matched to L'Oreal SA for the 2025-2026 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At L'Oreal SA's shareholder meeting held 2026-04-24, in the 2025-2026 proxy season, 153 asset managers reported how they voted in their SEC Form N-PX filings, covering 9,998 separate fund positions. Their filings are grouped here into 67 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. L'Oreal SA's own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — Approve Compensation of Nicolas Hieronimus, CEO — the reporting funds cast 99.9% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

L'Oreal SA proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).