Bansk Group LLC
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Good for the Consumer
- Good for the Planet
- Good Working Conditions
- Good Governance
- Good Social Responsibility
Environmental Achievements
- Woodstream reduced 1,000 tons of plastic and corrugate packaging.
- amika and Eva NYC are Climate Neutral Certified, and Ethique is Climate Positive and Certified Palm Oil Free.
- Bansk Group is Carbon Neutral Certified and removed 70% of its carbon emissions in 2022.
- Bansk has received a Plastic Negative Workplace certification.
Social Achievements
- Woodstream donates 1% of EBITDA to corporate charities.
- Arcadia supports local and regional charities.
- amika and Eva NYC have partnerships with HairToStay, Green City Force and Beauty Changes Lives.
- Red's supports its local community through involvement with the South Dakota Economic Development Program and local Chamber of Commerce.
- Ethique is a Living Wage Employer with no gender pay gap.
- amika and Eva NYC are >50% female, and 51% underrepresented management.
Governance Achievements
- Woodstream published its first Impact report.
- Arcadia reports its progress against ESG metrics to company employees and the board quarterly.
- amika and Eva NYC became B Corp Certified in 2023. Ethique was B Corp recertified in 2022.
- Bansk is a signatory to the ILPA Diversity in Action initiative.
Climate Goals & Targets
Medium-term Goals:
- amika and Eva NYC: Halve emissions by 2030.
Short-term Goals:
- Woodstream: Achieve best-in-class OSHA safety metrics by 2025.
- Woodstream: Achieve 30% plastic reduction in products and dispensers by 2025 and eliminate 100% of plastic from its packaging by 2025.
- amika and Eva NYC: Eliminate virgin plastics by 2025.
Environmental Challenges
- Woodstream: Increasing consumer recycling rates (currently 32%).
- Arcadia: US government mandates requiring virgin plastic in over-the-counter products.
- Red's: Assessing ingredient sourcing for environmental and social standards and evolving packaging for sustainability.
Mitigation Strategies
- Woodstream: Implementing the How2Recycle labeling program and aiming for 30% plastic reduction in products and dispensers by 2025, eliminating 100% of plastic from packaging by 2025.
- Arcadia: Assessing and testing ways to reduce plastic in packaging and improve recyclability in its Nizoral line.
- Red's: Conducting an in-depth ESG audit to establish a baseline and identify opportunities for improvement.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: American Investment Council’s Guidelines for Responsible Investing
Certifications: B Corp, Climate Neutral Certified, Climate Positive, Certified Palm Oil Free, Vegan and cruelty-free, NSF (Naturelo), Clean + Planet Positive (amika), Conscious Beauty (Eva NYC)