e.l.f. Beauty, in its second annual Impact Report, outlines its environmental, social, and governance (ESG) efforts for FY 2023. The report emphasizes the company’s commitment to promoting individual expression, community empowerment, and ethical practices.
Achievements include being one of only four U.S. public companies with a board of directors made up of two-thirds women and one-third diverse members and scoring in the top 10% of ESG Ratings for Personal Products companies. The company also reported 91% overall employee engagement, surpassing industry benchmarks. e.l.f. Beauty donated 3% of prior year profits to drive community impact and reformulated 300 SKUs to meet “e.l.f. clean” standards. The report also highlights a 94% reduction in greenhouse gas emissions.
Looking ahead, e.l.f. Beauty aims to enhance leadership diversity, expand community and employee empowerment initiatives, and further responsible sourcing practices. They also plan to reduce packaging intensity and carbon footprint by 20% by FY 2030. A virtual fireside chat on ESG, purpose, and impact will be hosted by Raymond James on Sept. 29. More details can be found in e.l.f. Beauty’s FY 2023 Impact Report.