What are Mission Vision & Core Values of EssilorLuxottica Company?

The primary target of the EssilorLuxottica mission is "people around the world." This broad scope highlights the company's commitment to addressing vision needs universally. This global approach is essential for understanding the EssilorLuxottica vision and its impact on diverse populations.

EssilorLuxottica's mission encompasses a wide range of products and services, including advanced vision care products, eyewear, and med-tech solutions. These offerings are designed to fulfill the company's mission by providing innovative and accessible vision correction and enhancement tools. The company's diverse portfolio ensures it can address various vision needs globally.

The market scope is truly global, with a focus on reaching millions, including underserved communities. EssilorLuxottica aims to make a significant impact by expanding access to vision care and addressing unmet needs worldwide. This global perspective is key to understanding the company's long-term strategy and commitment to corporate social responsibility.

The unique value proposition of EssilorLuxottica lies in its combination of groundbreaking technologies, iconic brands, and a global distribution network. This integrated approach enables the company to empower people to "see more and be more." This value proposition is at the heart of the EssilorLuxottica core values.

The development of Stellest lenses for myopia management exemplifies the company's commitment to addressing evolving vision needs. The partnership with Meta for Ray-Ban Meta smart glasses demonstrates innovation in eyewear. The OneSight EssilorLuxottica Foundation, which has provided eyeglasses to 86.8 million individuals since 2013, embodies the mission by providing access to vision care for underserved communities.

EssilorLuxottica's mission is fundamentally customer-centric, prioritizing the improvement of lives through vision care. This focus drives innovation, global reach, and a strong commitment to social impact. This customer-centric approach is a key element of the company's success and is reflected in its strategic vision.

The vision's global scope is immediately apparent. It transcends geographical boundaries, aiming to impact vision care worldwide. This broad perspective reflects the company's understanding of the widespread need for vision correction and its commitment to addressing it on a global scale. The EssilorLuxottica company recognizes the universal nature of the problem.

The vision explicitly frames good vision as a right, not a privilege. This ethical underpinning is fundamental to the company's approach. This perspective influences its product development, market strategies, and corporate social responsibility initiatives. This aligns with the broader movement towards universal healthcare and human rights.

The vision directly confronts the significant global challenge of uncorrected poor vision. According to the World Health Organization, approximately 2.7 billion people worldwide experience vision impairment or blindness. EssilorLuxottica aims to significantly reduce this number. This directly relates to the company's long-term objectives.

The vision aligns with global initiatives like the United Nations' 'Vision for Everyone' resolution, which targets universal eye care accessibility by 2030. This alignment positions EssilorLuxottica as a key player in achieving these broader societal goals. The company's strategic vision supports these international efforts.

Given EssilorLuxottica's market position and resources, the vision is both ambitious and achievable. The company's extensive retail network of over 17,000 stores and its substantial investment in research and development support its ability to work towards this vision. Further insights can be found in the Target Market of EssilorLuxottica article.

EssilorLuxottica's financial performance in 2024, with a 6% revenue growth and a net profit of €2.3 billion, underscores its capacity to invest in achieving its vision. Innovations like Nuance Audio glasses demonstrate the company's commitment to expanding the scope of vision care. This also contributes to the EssilorLuxottica values.

EssilorLuxottica's investment in smart glasses and integrated hearing solutions, such as Ray-Ban Meta and Nuance Audio, reflects a commitment to innovation. This innovation-driven strategy is directly linked to their mission of embedding new functionalities into their products.

The success of Ray-Ban Meta, with over 2 million units sold, demonstrates the impact of this innovation-driven strategy. This success highlights the company's ability to translate its mission into tangible, market-leading products.

EssilorLuxottica's commitment to expanding global access to vision care is a direct manifestation of their vision that everyone has the right to good vision. Their efforts in emerging markets are a key strategic focus.

The OneSight EssilorLuxottica Foundation's work in providing vision care to underserved communities is a key component of their global strategy. This initiative underscores the company's commitment to corporate social responsibility.

In 2024, EssilorLuxottica reported €26.5 billion in revenue, a 6% increase, and a net profit of €2.35 billion, a 3% increase, demonstrating their strong financial performance. This performance is a direct result of aligning their business outcomes with their stated principles.

According to Chairman and CEO Francesco Milleri and Deputy CEO Paul du Saillant in February 2025, the company's success is driven by its focus on innovation and its brand portfolio. Their statement underscores the importance of the EssilorLuxottica mission and EssilorLuxottica vision in driving success. For more insights into their marketing strategies, consider reading the Marketing Strategy of EssilorLuxottica.

Several initiatives directly reflect the EssilorLuxottica mission and vision in practice. These initiatives demonstrate the company's commitment to innovation, accessibility, and addressing unmet vision needs globally.

For example, the Stellest lenses for myopia management are projected to reach 1 million children by the end of 2024. The Ray-Ban Meta smart glasses, a collaboration with Meta, and Nuance Audio for hearing assistance, showcase the company's dedication to integrating technology to enhance vision and hearing. The OneSight EssilorLuxottica Foundation has provided vision care to over 60 million people in underserved communities since its inception, with plans to expand its reach further.

Leadership plays a pivotal role in reinforcing the EssilorLuxottica mission, vision, and values. The consistent communication from the top management ensures that these principles are embedded throughout the organization.

Chairman and CEO Francesco Milleri, along with Deputy CEO Paul du Saillant, regularly emphasize innovation, sustainability, and expanding access to vision care in earnings calls and public statements. This consistent messaging reinforces these priorities across the organization, ensuring that employees and stakeholders understand the company's direction. The company's commitment to these principles is also reflected in its investments in research and development, which reached €700 million in 2023.

Effective communication of the EssilorLuxottica mission and vision to all stakeholders is essential. This involves engaging employees, customers, investors, and communities to ensure alignment and build trust.

The co-creation of new shared values in 2024, involving employee participation, ensures that the values resonate internally. Initiatives like 'Your Voice Matters' further demonstrate the company's commitment to employee engagement. EssilorLuxottica's sustainability reports and publications detail progress on environmental and social commitments, such as the 'Eyes on the Planet' program. Furthermore, the company’s commitment to transparency is evident in the detailed information provided to Owners & Shareholders of EssilorLuxottica, including financial performance and strategic initiatives.

The alignment between stated EssilorLuxottica values and actual business practices is crucial for building a sustainable and responsible company. This alignment is evident in several key areas.

Sustainability efforts, such as the installation of photovoltaic systems and material recycling projects, demonstrate their commitment to environmental responsibility. The establishment of an Inclusion Committee and a focus on diversity, equity, and inclusion reflect the value of 'We Are One – Thanks to Many.' Employee shareholding plans, with nearly 100,000 internal shareholders, align employee interests with the company's long-term success. In 2023, EssilorLuxottica invested over €100 million in sustainability initiatives, demonstrating their commitment to these practices.