Cosmetics
In 2021 Advent International created Orveon after acquiring prestige make-up brands bareMinerals, BUXOM and Laura Mercier from Shiseido.
Company Ownership
Orveon Global US LLC
USA
Advent International Corporation
owns 100% of Orveon Global US LLC
USA
Private equity firm
Founded in 1984, today they have US$32.2 billion in assets under management. Invests in mid-market companies in the Americas, Europe, and Japan.
Company Assessment
(Last updated Aug 2024)
Praise
Criticism
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Orveon Global US LLC
Praise
Criticism
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Cruelty free company
This company has either signed PETA's statement of assurance or provided a statement verifying that they do not conduct or commission any animal tests.
Source: PETA
(2023)
Skin Deep hazard scores
Skin Deep is an online safety guide to cosmetics and personal care products and their potential hazards and health concerns, with over 75,000 products rated from 1 (low hazard) to 10 (high hazard).
Modern Slavery statement
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website
(2023)
Advent International Corporation
Praise
Criticism
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0/20 in Social Benchmark
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2022 and received a score of 0/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
2.2% in Financial System Benchmark
The 2022 Financial System Benchmark ranks 400 financial institutions across three measurement areas: governance and strategy, respecting planetary boundaries (environment, climate and biodiversity) and adhering to societal conventions (human rights). This company ranked #312/400, with a total score of 2.2/100.
Responsible investment claims
Follow the link to see this company's responsible investing claims.
Source: company website
(2021)
Company Details
Type:
Wholly-owned subsidiary
Founded:
2021