Beauty and cosmetics
Second largest cosmetics company in South Korea and one of the 10 largest cosmetics companies in the world.
| Amorepacific Group Inc
owns 100% of Amorepacific Corporation
In 2022, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of A.
Source: CDP (2022)
This company received an S&P Global ESG Score of 81/100 in the Personal Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 17 March 2023). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2023)
This company's Laneige brand appears on PETA's (People for the Ethical Treatment of Animals, USA) 'Companies That Do Test On Animals' list, signifying that they manufacture products that are tested on animals at some stage of development.
Source: PETA (2022)
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This company received a score of 21%.
Source: Forest 500 (2022)
In 2019 this company was fined by Korea's Fair Trade Commission (FTC) for concealing that they paid Instagram influencers to post favorable reviews of their products, violating the Act on Fair Labeling and Advertising. The influencers did not reveal that their posts were sponsored.
Source: news article (2019)
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target; commit to 100% renewable power.
Source: We Mean Business (2021)
The WWF Palm Oil Buyers Scorecard 2021 assesses 227 companies on the actions companies have taken to ensure their own palm oil supply chain is sustainable and free of deforestation, natural ecosystem conversion, and human rights abuse. This company is rated 'middle of the pack' with a score of 14.5 out of a possible total of 24.
Source: WWF Palm Oil Buyers Scorecard (2021)
|Amorepacific Group Inc|
This company received an S&P Global ESG Score of 34/100 in the Personal Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
In 2020 this company was fined about 100 million won (US$80,000) over unfair support to its affiliate. According to the Fair Trade Commission (FTC), Korea's top antitrust regulator, the group's holding company provided 75 billion won worth of fixed bank deposits without a fee to Cosvision to help the affiliate receive a large low-interest loan from the Korea Development Bank (KDB) between 2016 and 2017. Thanks to the loan, Cosvision was able to enhance its cost competitiveness and production capacity and maintain its third-place ranking in the domestic cosmetics original equipment and manufacturing (OEM) market, the regulator said. The FTC found this constitutes an unfair business loan procedure between a conglomerate and its affiliate, and it decided to fine the holding company and Cosvision 48 million won each.
Source: news article (2020)
|Address||Seoul, Republic of Korea|