Climate Change Data

MiniLuxe Holding Corp.

Climate Impact & Sustainability Data (2023-07-02 to 2023-10-01)

Reporting Period: 2023-07-02 to 2023-10-01

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Talent empowerment
  • Socially responsible labor practices
  • Clean and sustainable products
  • Economic mobility

Environmental Achievements

  • Hundreds of gallons of toxic polish avoided through the use of MiniLuxe better-for-you, safer polishes.

Social Achievements

  • Paid out more than $100M in industry-leading fair wages to team members
  • 30% of associates have 5-year or longer tenure with the company.
  • Equity incentive ownership for nail designers and waxing specialists with more than 5 years of tenure.
  • Career Path Program for beauty professionals.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Expand the overall fleet through top landlord partners and/or capital-light strategies (e.g., franchising or studio partners)
Short-term Goals:
  • Achieve greater fixed cost leverage
  • Continued compounding of studio economics, particularly Fleet EBITDA, across the Core Studios
  • Launch a franchising model in the first half of 2024

Environmental Challenges

  • Highly competitive industry
  • Inability to successfully improve existing products or services and introduce new products or services
  • Inability to anticipate and respond to market trends and changing consumer preferences
  • Inflationary pressures, higher interest rates, and greater caution by consumers on discretionary spending
  • Impact of COVID-19 pandemic
  • Labor shortages
Mitigation Strategies
  • Focus on key performance indicators (peak day staffing, premium nail and waxing services, growth of loyal clients)
  • Reconfiguration of SG&A expenses
  • Narrower product focus and more targeted ROI-driven marketing efforts
  • Convertible bridge note to ensure sufficient capital
  • Investing in the design and development of a franchise program
  • Assessing opportunities for accretive growth via acquisitions

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • MiniLuxe’s proprietary line of products are formulated with the best efforts to be better-for-you, sustainable, and ethically sourced.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: IFRS

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • MiniLuxe’s proprietary line of products
  • Paintbox premium ready-to-wear nail product

Awards & Recognition

  • Not disclosed