Climate Change Data

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)