With a dedication to be objective led and outcomes pushed, e.l.f. Magnificence (NYSE:) outlines progress it is making for folks, product and the planet
OAKLAND, Calif.–(BUSINESS WIRE)–e.l.f. Magnificence (NYSE: ELF) launched its annual Influence Report, outlining the corporate’s progress in its mission to make the most effective of magnificence accessible to each eye, lip and face.
This press release options multimedia. View the complete launch right here: https://www.businesswire.com/information/house/20240930375314/en/
e.l.f. Magnificence Releases Its 2024 Influence Report, Emphasizing Its Positioning as a Totally different Sort of Firm (Graphic: Enterprise Wire)
On this international overview that covers FY 2024 and early FY 2025, e.l.f. Magnificence particulars actions and progress in supporting constructive impacts for folks, product and the planet throughout the corporate’s 5 manufacturers: e.l.f. Cosmetics, e.l.f. SKIN, Keys Soulcare, Properly Folks and NATURIUM.
e.l.f. Magnificence is dedicated to being a special type of firm, one that’s objective led and outcomes pushed, fueled by the assumption that something is e.l.f.ing doable 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 Influence Report displays on what e.l.f. Magnificence has carried out to be daring disruptors with a form coronary heart. We additionally use this as a chance to set new aspirations together with metrics for a way we’ll maintain ourselves accountable, mentioned Tarang Amin, Chairman and CEO of e.l.f. Magnificence.
Amin added: As an organization, now we have loved greater than 5 years of outstanding, constant, industry-leading development and it is extremely essential that we use the wide-reaching platform now we have to face up for what we imagine in and use it to make a constructive distinction.
e.l.f. Magnificence’s sturdy ethos powers its objective, objective powers its folks, folks energy its efficiency ” and efficiency powers its prospects.
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% girls and 44% various.
- 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 12 months by way of lightweighting packaging.
- We launched two new commitments in direction of sustainable packaging, together with for 50% of all plastic packaging to include recycled content material or responsibly sourced bio-based content material by 2030.
- We continued to fulfill our dedication for 100% renewable power at our instantly managed websites and to fulfill discount targets set for our Scope 1 and a couple of emissions.
To encourage group 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 Influence Report.
Try e.l.f. Magnificence’s FY 2024 Influence Report.
About e.l.f. Magnificence
e.l.f. Magnificence (NYSE: ELF) is fueled by a perception that something is e.l.f.ing doable. We’re a special type of firm that disrupts norms, shapes tradition and connects communities, dedicated to positivity, inclusivity and accessibility. Our mission is evident: to make the most effective of magnificence accessible to each eye, lip and face. e.l.f. Cosmetics, e.l.f. SKIN, Keys Soulcare, Properly Folks and NATURIUM are led by objective, pushed by outcomes and elevated by our superpowers. e.l.f. Magnificence has double certifications from each Leaping Bunny and PETA, presents 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 internet earnings to organizations that make constructive impacts. Study extra at www.elfbeauty.com
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