e.l.f. Beauty

e.l.f. Cosmetics, elf Beauty
Oakland, California
Consumer Durables and Apparel

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

e.l.f. Beauty is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. e.l.f Beauty occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise

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Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale
e.l.f. Beauty integrates ESG into its business practices. Suppliers are required to control “greenhouse gas emissions in all phases”, and e.l.f. Beauty “partner[s] with [its] suppliers to prioritize actions and processes to ensure continuous improvement” in their environmental performance (1)(2). However, e.l.f. Beauty has not canceled customers, suppliers, or vendors based on political views or religious beliefs (3).
Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

e.l.f. Beauty does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level
Rationale

e.l.f. Beauty appears to prioritize diversity over merit in its leadership composition. From its Diversity, Equity, and Inclusion Policy: “We have a goal to have…over 40% diverse employees” (1). e.l.f. Beauty requires employees to take unconscious bias training (2). e.l.f. Beauty protects its employees against viewpoint discrimination (3).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

In October 2022, e.l.f. Beauty joined the Every Body Campaign, which is “the largest beauty industry-backed reproductive justice initiative in history” (1). e.l.f. Beauty offers DEI education to its employees, including a masterclass on LGBTQ issues (2). e.l.f. Beauty advocates for diversity in company leadership boards. From its press release: “e.l.f.’s ambition is to help double the rate …and diverse members added to corporate boards by 2027” (3). e.l.f. Beauty released a short film featuring a queer artist in the 2024 Tribeca X Award Competition (4). e.l.f. Beauty is committed to DEI in its business practices. From its 2024 DEI policy: “We promote DEI at all levels of our workforce, and our senior leadership team takes full ownership of our DEI initiatives and programs” (5).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale
e.l.f. Beauty provides a benefits package for employees that covers travel/lodging costs for an abortion (1). In 2022, e.l.f. Beauty donated all its Every Body campaign proceeds to SisterSong, an abortion activist organization. e.l.f. Beauty has donated over $25,000 to organizations supporting women’s reproductive rights, and racial/gender justice (2)(3). e.l.f. Beauty has donated $50,000 to the Pull Up For Change Small Business Impact Fund to advance the economic wellness of a particular racial group (4)(5). e.l.f. Beauty is a partner of It Gets Better, an LGBTQ youth activist organization (6)(7). Otherwise, there are no publicly known cases of e.l.f Beauty using corporate funds to advance ideological causes, organizations, or policies (8).
Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level
N/A
Rationale
e.l.f. Beauty does not operate a PAC or engage in lobbying at this time (1)(2)(3).

Board Bias

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1792 Exchange has not yet compiled data about the board of directors or political contributions of leadership for this company.

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