\ne.l.f. Beauty (NYSE: ELF) today released its first-ever Impact Report, detailing the Company\u2019s 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.\n<\/p>\n
\n\u201cI am pleased to share our inaugural Impact Report, which underscores how e.l.f. Beauty has always been an inherently purpose-driven company,\u201d said Tarang Amin, e.l.f. Beauty’s Chairman and Chief Executive Officer. \u201cOur Impact Report is more than words that we say; it\u2019s 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.\u201d\n<\/p>\n
Our Commitments<\/b><\/p>\n
\nBy standing with every eye, lip, face and paw, we are committed to creating a culture internally\u2014and in the world around us\u2014where all individuals are encouraged to express their truest selves and are empowered to succeed. e.l.f. Beauty\u2019s Impact Report celebrates how the Company lives up to these commitments.\n<\/p>\n
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- We celebrate diversity<\/b>. 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\u2019re 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.\n<\/li>\n
- We make the best of beauty accessible. <\/b>We uniquely bring premium quality products at an extraordinary value, and in FY 2022 we added two new superpowers: Fair Trade Certified\u2122 and e.l.f. clean. We announced that we were the first beauty brand to have a third-party manufacturing facility Fair Trade Certified\u2122. We also committed to 100% clean beauty\u2014reformulating over 350 SKUs to comply with our standards of \u201cclean.\u201d\n<\/li>\n
- We provide equal opportunities for growth and success. <\/b>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\u201415 percentage points above the industry benchmark. 95% of our employees recommend e.l.f. as a great place to work.\n<\/li>\n
- We do the right thing for people by leading with positivity, inclusivity and accessibility. <\/b>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 \u201ce.l.f. You\u201d channel designed to support up-and-coming women creators.\n<\/li>\n
- We do the right thing for the planet. <\/b>In FY 2022, we advanced our packaging sustainability strategies\u2014eliminating more than one million pounds of excess packaging since the inception of \u201cProject Unicorn,\u201d 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.\n<\/li>\n
- We do the right thing for our furry friends. <\/b>We never test on animals and are proudly 100% cruelty-free worldwide.In FY 2022, we achieved double-certified \u201ccruelty-free\u201d status from People for the Ethical Treatment of Animals (PETA) and Leaping Bunny across all our brands.\n<\/li>\n<\/ul>\n
\nFor more information and to view e.l.f. Beauty\u2019s FY 2022 Impact Report, visit https:\/\/www.elfbeauty.com\/social-impact\/<\/a>.\n<\/p>\n
Virtual Fireside Chat on ESG, Purpose & Impact, Hosted by Jefferies \u2013 Today at 2:00 PM ET<\/b><\/p>\n
\nTarang Amin, e.l.f. Beauty\u2019s Chairman and Chief Executive Officer, and Scott Milsten, e.l.f. Beauty\u2019s 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\u2019s 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.\n<\/p>\n
\nTo register for the live webcast of the fireside chat, please visit https:\/\/investor.elfbeauty.com\/news-and-events\/events<\/a>.\n<\/p>\n
About e.l.f. Beauty<\/b><\/p>\n
\ne.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.\n<\/p>\n
\nLearn more by visiting investor.elfbeauty.com.\n<\/p>\n
Forward-looking Statements<\/b><\/p>\n
\nThis press release contains forward-looking statements within the meaning of the federal securities laws, including those statements relating to the Company\u2019s 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\u2019s ability to effectively compete with other beauty companies; the Company\u2019s ability to successfully introduce new products; the Company\u2019s ability to attract new retail customers and\/or expand business with its existing retail customers; the Company\u2019s ability to optimize shelf space at its key retail customers; the loss of any of the Company\u2019s key retail customers or if the general business performance of its key retail customers declines; the Company\u2019s 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.\n<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20220927005464\/en\/<\/a><\/span><\/p>\n
\nInvestors:
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KC Katten
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VP, Corporate Development & Investor Relations, e.l.f. Beauty
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KKatten@elfbeauty.com<\/a><\/p>\n\nMedia:
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Melinda Fried
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Head of Corporate Communications, e.l.f. Beauty
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mfried@elfbeauty.com<\/a><\/p>\nKEYWORDS:<\/b> United States North America California<\/p>\n
INDUSTRY KEYWORDS:<\/b> Environment Professional Services Sustainability Philanthropy DEI (Diversity, Equity and Inclusion) Fashion Fund Raising Cosmetics Environmental, Social and Governance (ESG) Retail<\/p>\n
- We make the best of beauty accessible. <\/b>We uniquely bring premium quality products at an extraordinary value, and in FY 2022 we added two new superpowers: Fair Trade Certified\u2122 and e.l.f. clean. We announced that we were the first beauty brand to have a third-party manufacturing facility Fair Trade Certified\u2122. We also committed to 100% clean beauty\u2014reformulating over 350 SKUs to comply with our standards of \u201cclean.\u201d\n<\/li>\n
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