With a dedication to be function led and outcomes pushed, e.l.f. Magnificence (NYSE:) outlines progress it is making for individuals, product and the planet
OAKLAND, Calif.–(BUSINESS WIRE)–e.l.f. Magnificence (NYSE: ELF) launched its annual Affect Report, outlining the corporate’s progress in its mission to make the very best of magnificence accessible to each eye, lip and face.
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e.l.f. Magnificence Releases Its 2024 Affect Report, Emphasizing Its Positioning as a Completely different Type of Firm (Graphic: Business Wire)
On this world overview that covers FY 2024 and early FY 2025, e.l.f. Magnificence particulars actions and progress in supporting constructive impacts for individuals, product and the planet throughout the corporate’s 5 manufacturers: e.l.f. Cosmetics, e.l.f. SKIN, Keys Soulcare, Nicely Individuals and NATURIUM.
e.l.f. Magnificence is dedicated to being a distinct sort of firm, one that’s function led and outcomes pushed, fueled by the idea that something is e.l.f.ing potential and a enterprise can each do good and be good. Positivity, inclusivity and accessibility have been constructed into e.l.f. Magnificence’s DNA since its founding.
Our Affect Report displays on what e.l.f. Magnificence has finished to be daring disruptors with a form coronary heart. We additionally use this as a possibility to set new aspirations together with metrics for a way we’ll maintain ourselves accountable, stated Tarang Amin, Chairman and CEO of e.l.f. Magnificence.
Amin added: As an organization, we have now loved greater than 5 years of outstanding, constant, industry-leading development and it is extremely necessary that we use the wide-reaching platform we have now to face up for what we consider in and use it to make a constructive distinction.
e.l.f. Magnificence’s sturdy ethos powers its function, function powers its individuals, individuals energy its efficiency ” and efficiency powers its potentialities.
TOP IMPACT HIGHLIGHTS
- e.l.f. Magnificence is the one publicly traded U.S. firm ” out of ~4,100 ” with a Board of Administrators that’s greater than 78% ladies and 44% numerous.
- Greater than 2,500 components are excluded from our manufacturers’ formulations to exceed FDA and EUCR restrictions. The U.S. FDA solely restricts 11 components.
- Accountable sourcing is an integral a part of our working mannequin with greater than 85% of our merchandise made in Honest Commerce Licensed™ services.
- We continued to progress our efforts on lowering our packaging depth, estimating 400 tons of packaging to be eradicated per yr by way of lightweighting packaging.
- We launched two new commitments in direction of sustainable packaging, together with for 50% of all plastic packaging to comprise recycled content material or responsibly sourced bio-based content material by 2030.
- We continued to fulfill our dedication for 100% renewable vitality at our immediately managed websites and to fulfill discount targets set for our Scope 1 and a pair of emissions.
To encourage neighborhood engagement throughout e.l.f. Magnificence’s intentional and principled work, the corporate debuted a brand new company web site in reference to the FY 2024 Affect Report.
Take a look at e.l.f. Magnificence’s FY 2024 Affect Report.
About e.l.f. Magnificence
e.l.f. Magnificence (NYSE: ELF) is fueled by a perception that something is e.l.f.ing potential. We’re a distinct sort of firm that disrupts norms, shapes tradition and connects communities, dedicated to positivity, inclusivity and accessibility. Our mission is obvious: to make the very best of magnificence accessible to each eye, lip and face. e.l.f. Cosmetics, e.l.f. SKIN, Keys Soulcare, Nicely Individuals and NATURIUM are led by function, pushed by outcomes and elevated by our superpowers. e.l.f. Magnificence has double certifications from each Leaping Bunny and PETA, gives e.l.f. clear and vegan merchandise and proudly stands as the primary magnificence firm with Honest Commerce Licensed™ services. A sort coronary heart is on the heart of our ethos: We donate 2% of web income to organizations that make constructive impacts. Study extra at www.elfbeauty.com
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