e.l.f. Beauty Releases First-Ever Impact Report
27 Setembro 2022 - 10:00AM
Business Wire
Celebrates e.l.f. Beauty’s ongoing commitment
to make a positive impact
e.l.f. Beauty (NYSE: ELF) today released its first-ever Impact
Report, detailing the Company’s environmental, social, and
governance (ESG) initiatives and accomplishments for fiscal year
2022. The report highlights how e.l.f. Beauty is making a positive
impact on people, the planet, and our furry friends.
“I am pleased to share our inaugural Impact Report, which
underscores how e.l.f. Beauty has always been an inherently
purpose-driven company,” said Tarang Amin, e.l.f. Beauty's Chairman
and Chief Executive Officer. “Our Impact Report is more than words
that we say; it’s designed to guide our actions and inspire
positive actions in others. I am proud of the e.l.f. Beauty team
for everything we have already achieved in our ESG journey and look
forward to sharing our progress in the months and years ahead.”
Our Commitments
By standing with every eye, lip, face and paw, we are committed
to creating a culture internally—and in the world around us—where
all individuals are encouraged to express their truest selves and
are empowered to succeed. e.l.f. Beauty’s Impact Report celebrates
how the Company lives up to these commitments.
- We celebrate diversity. We are 1 of only 26 companies
where underrepresented demographic groups represent at least a
third of the Board (out of nearly 4,500 U.S. public companies)
according to MSCI. We’re also proud that our employee base, which
is over 75% women, over 40% diverse and over 65% millennial and Gen
Z, is representative of the young, diverse communities we
serve.
- We make the best of beauty accessible. We uniquely bring
premium quality products at an extraordinary value, and in FY 2022
we added two new superpowers: Fair Trade Certified™ and e.l.f.
clean. We announced that we were the first beauty brand to have a
third-party manufacturing facility Fair Trade Certified™. We also
committed to 100% clean beauty—reformulating over 350 SKUs to
comply with our standards of “clean.”
- We provide equal opportunities for growth and success.
Our commitment to our culture and people was affirmed by Fortune,
who named e.l.f. Beauty to its annual lists of Best Workplaces in
2021. Our overall employee engagement score was 89% in FY 2022—15
percentage points above the industry benchmark. 95% of our
employees recommend e.l.f. as a great place to work.
- We do the right thing for people by leading with positivity,
inclusivity and accessibility. We support and empower
underserved communities by partnering with likeminded
organizations. In FY 2022, we donated nearly $185,000 to various
charities through formal partnerships and corporate matching of
employee donations. We look for new frontiers to champion
empowerment. With this in mind, in FY 2022 we were one of the first
beauty brands to launch a Twitch channel, with our “e.l.f. You”
channel designed to support up-and-coming women creators.
- We do the right thing for the planet. In FY 2022, we
advanced our packaging sustainability strategies—eliminating more
than one million pounds of excess packaging since the inception of
“Project Unicorn,” and setting a new goal for 100% of e.l.f. Beauty
paper cartons to be Forest-Stewardship Council (FSC)-certified by
FY 2025. We also completed our first measurement of greenhouse gas
emissions to establish a baseline toward future environmental
strategy development.
- We do the right thing for our furry friends. We never
test on animals and are proudly 100% cruelty-free worldwide. In FY
2022, we achieved double-certified “cruelty-free” status from
People for the Ethical Treatment of Animals (PETA) and Leaping
Bunny across all our brands.
For more information and to view e.l.f. Beauty’s FY 2022 Impact
Report, visit https://www.elfbeauty.com/social-impact/.
Virtual Fireside Chat on ESG, Purpose & Impact, Hosted by
Jefferies – Today at 2:00 PM ET
Tarang Amin, e.l.f. Beauty’s Chairman and Chief Executive
Officer, and Scott Milsten, e.l.f. Beauty’s General Counsel and
Chief People Officer, will participate in a virtual fireside chat
today at 2:00 pm ET, to provide additional insight on the Company’s
ESG initiatives and discuss how e.l.f. Beauty is establishing
itself as a leader in both purpose and impact. The fireside chat
will be hosted by Stephanie Wissink, Managing Director at Jefferies
and Aniket Shah, Managing Director and Global Head of ESG and
Sustainability Strategy at Jefferies.
To register for the live webcast of the fireside chat, please
visit https://investor.elfbeauty.com/news-and-events/events.
About e.l.f. Beauty
e.l.f. Beauty, Inc. builds brands designed to disrupt industry
norms, shape culture and connect communities through positivity,
inclusivity and accessibility. Our deep commitment to clean,
cruelty-free beauty at an incredible value has fueled the success
of our flagship brand e.l.f. Cosmetics since 2004 and driven our
portfolio expansion. Today, our multi-brand portfolio includes
e.l.f. Cosmetics, e.l.f. SKIN, pioneering clean beauty brand Well
People and Keys Soulcare, a groundbreaking lifestyle beauty brand
created with Alicia Keys. Our family of brands is available online
and across leading beauty, mass market and clean beauty specialty
retailers in the U.S., and has a growing international
presence.
Learn more by visiting investor.elfbeauty.com.
Forward-looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws, including those
statements relating to the Company’s future ESG commitments,
initiatives and goals. Although the Company believes that the
expectations reflected in the forward-looking statements are
reasonable, actual results and the timing of selected events may
differ materially from those expectations. Factors that could cause
actual results to differ materially from those in the
forward-looking statements include, among other things, the risks
and uncertainties that are described in the Company's most recent
Annual Report on Form 10-K, as updated from time to time in the
Company's SEC filings, as well as the Company’s ability to
effectively compete with other beauty companies; the Company’s
ability to successfully introduce new products; the Company’s
ability to attract new retail customers and/or expand business with
its existing retail customers; the Company’s ability to optimize
shelf space at its key retail customers; the loss of any of the
Company’s key retail customers or if the general business
performance of its key retail customers declines; the Company’s
ability to effectively manage its SG&A and other expenses; and
the uncertainty regarding the impact of the COVID-19 pandemic.
Potential investors are urged to consider these factors carefully
in evaluating the forward-looking statements. These forward-looking
statements speak only as of the date hereof. Except as required by
law, the Company assumes no obligation to update or revise these
forward-looking statements for any reason, even if new information
becomes available in the future.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220927005464/en/
Investors: KC Katten VP, Corporate Development & Investor
Relations, e.l.f. Beauty KKatten@elfbeauty.com
Media: Melinda Fried Head of Corporate Communications, e.l.f.
Beauty mfried@elfbeauty.com
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