AS MADARA Cosmetics publishes ESG report

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Inside information, 2018-09-03 09:00 CEST (GLOBE NEWSWIRE)

AS MADARA Cosmetics publishes its ESG (environmental, social and governance) report for 2017. 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:

  • Energy intensity per 1 product manufactured has decreased by roughly 1000 kJ to the level of 1777 kJ per product.
  • In 2017, the renewable energy intensity has increased by 20pp compared to 2016.
  • CEO pay ratio is 1.68:1.
  • A strong majority of the board members is women.
  • Employee turnover ratio is close to 2%.
  • In 2017, AS MADARA Cosmetics sponsored 365 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).

Pielikums: ESG REPORT, August 2018

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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.