The cosmetics brand wants to help women take on important positions and leadership roles. That’s why the company just announced the creation of the Estée Lauder Emerging Leaders (ELEL) Fund, a charitable fund under The Estée Lauder Companies Charitable Foundation. The main mission of this structure will be to support a new generation of women leaders and to combat gender stereotypes in the workplace.
“The 75-year legacy of the Estée Lauder brand shows what a visionary woman can accomplish,” said Stephane de La Faverie, Group President of The Estée Lauder Companies. “Through the work of the Estée Lauder Emerging Leaders Fund and its program partners, we will encourage women to contribute and lead in their workplaces and communities. We want to redefine what it means to be a leader. We want to see more women like Mrs. Estée Lauder in the world.”
So far, the brand has invested $1 million in the ELEL fund.
To steer the structure, Estée Lauder has chosen Vital Voices, a global NGO that supports the position of women in leadership positions.
