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 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
Founded:
1945
Subsidiaries:
Amorepacific Corporation
Beauty and cosmetics
Second largest cosmetics company in South Korea and one of the 10 largest cosmetics companies in the world.