AS MADARA Cosmetics publishes ESG report
Inside information, 2019-08-20 09:52 CEST --
AS MADARA Cosmetics publishes its ESG (environmental, social and governance) report for 2018. This report is a voluntary disclosure of the company's performance based on three aspects: environmental, social and governmental. Environmental criteria examine the environmental sustainability of the company's practises, social criteria examine the relationship between the company and its stakeholders (employees, customers, suppliers), governance examines the corporate governance, financial reporting and shareholder rights. The report may help to evaluate the prosperity and sustainability of the company in the long run.
A few key facts from the ESG report of AS MADARA Cosmetics:
In 2018, the first product was developed in a plant-based packaging.
AS MADARA Cosmetics used 100% green electricity from renewable sources.
CEO pay ratio is 1.67:1.
A strong majority of the board members is women.
Employee turnover ratio is close to 4%.
In 2018, AS MADARA Cosmetics sponsored 500 free of charge legal or psychological consultation sessions for victims of human trafficking and domestic violence.
Full report is available in the attachment (in English).
The shares of Madara Cosmetics are admitted to trading on Nasdaq Baltic First North Market.
The Certified Adviser for AS Madara Cosmetics is AS LHV Pank.
MADARA Cosmetics, founded in 2006, is the local pioneer in the field of natural cosmetics. In 2016 and 2017 the company and its managers were ranked among the top-10 Most Admired Business Leaders in Latvia. MADARA develops and manufactures all products exclusively at its own laboratories and facilities to ensure 100% control over processes. Further evidence of its passion for quality and perfection in every detail are the company’s ECOCERT organic certification, GMP (ISO 22716:2007) standard, and in vitro and in vivo research. For more information, visit madaracosmetics.lv/investors/.
Address: 131 Zeltiņu Street, Mārupe district, Mārupe, LV 2167, Latvia
Contact person: Uldis Iltners, member of the Management Board
Phone: +371 67 470 243
AS “LHV Pank”
Contact person: Ivars Bergmanis
Phone: +372 680 2720