Beauty and cosmetics
Second largest cosmetics company in South Korea and one of the 10 largest cosmetics companies in the world.
Company Ownership
Amorepacific Corporation
KOR
Amorepacific Group Inc
owns 100% of Amorepacific Corporation
KOR
Holding company
South Korea's second largest beauty and cosmetics business (after LG Household & Health Care), operating more than 30 beauty, personal care, and health brands.
Company Assessment
(Last updated Aug 2024)
Praise
Criticism
Information
Amorepacific Corporation
Praise
Criticism
Information
CDP Climate Change score of A
In 2023, 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
(2023)
81/100 S&P Global ESG Score
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)
58/100 in TIME rankings
World's Most Sustainable Companies of 2024 by TIME and Statista recognises the Top 500 most sustainable companies in the world. From a selection of 5,000 of the world's largest companies, non-sustainable businesses were excluded, and the remaining companies were rated on Commitment & Ratings, Reporting & Transparency, and Environmental & Social Stewardship. This company received a total score of 57.9/100, ranking 360th overall.
Source: TIME
(2024)
18% in Forest 500 Rankings
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 18%.
Source: Forest 500
(2023)
Animal Testing
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)
17.88% for supply chain practices in China
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 17.88/100 (retrieved 24 Nov 2023).
Source: IPE
(2023)
Palm oil rating - WAZA
The PalmOil Scan app, produced by the World Association of Zoos and Aquariums (WAZA), rates companies on their commitment to sourcing sustainable palm oil. Companies are scored on their use of certified sustainable palm oil (CSPO), commitment to sourcing CSPO, on-the-ground conservation action, and membership to the RSPO. Companies can earn a rating of Excellent, Good, Poor or No Commitment. This company is rated "Poor" (retrieved 18 Nov 2023).
Source: WAZA
(2023)
Fined for illegal advertising
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)
Climate action commitments
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)
Palm oil scorecard - WWF
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 Scorecard
(2021)
Amorepacific Group Inc
Praise
Criticism
Information
10.5/20 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 2024 and received a score of 10.5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
34/100 S&P Global ESG Score
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)
Fined for unfair affiliate support
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)
28.9% in Nature Benchmark
The Nature Benchmark ranks 816 companies across 20 industries on their efforts to protect our environment and its biodiversity. Companies were assessed in three phases between 2022 and 2024 using three measurement areas: governance and strategy; social inclusion and community impact; and ecosystems and biodiversity. This company was assessed in 2024 and is ranked #92/816, with a total score of 28.9/100.
Company Details
Type:
Public company
Founded:
1945