ODDITY Tech Ltd..
ODD.US | Retail sale via mail order houses or via Internet
ODDITY Tech Ltd. is a consumer tech company focused on the beauty and wellness industry. It operates through its subsidiaries, IL MAKIAGE and SpoiledChild. IL MAKIAGE is a technology-driven beauty brand offering a wide range of makeup and skincare products through its online platform, utilizing AI a...Show More
Better Health for All
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The company's principal goods and services are beauty and wellness products, including makeup, skincare, and wellness/lifestyle products, which are considered to have no significant positive or negative health impact. There is no evidence of revenue from products with established negative health outcomes. ODDITY invested $100 million in AI-based molecule discovery technology for beauty and wellness, which represents 25.3% of its 2022 gross revenue of $395 million.
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This investment is focused on beauty and wellness, addressing consumer needs like hair loss and aging, rather than explicitly improving health outcomes or accessibility as defined by the rubric.
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No evidence was found for other KPIs.
Fair Money & Economic Opportunity
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ODDITY Tech Ltd. is a consumer tech company focused on the beauty and wellness industry, operating through its subsidiaries IL MAKIAGE and SpoiledChild.
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The company leverages AI and machine learning for personalized products and experiences in beauty and medical telehealth.
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The provided articles do not contain any evidence that ODDITY Tech Ltd. engages in lending, insuring, moving, or storing money for consumers, or offers any financial products or services. Therefore, all KPIs related to financial services, lending, fees, and financial inclusion are not applicable to the company's core business.
Fair Pay & Worker Respect
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ODDITY Tech Ltd. reported a Net Promoter Score (NPS) of 72 in 2023, indicating a healthy workplace culture.
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The company also reported zero compliance incidents in 2023 audits.
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Employee reviews from Glassdoor show 68% CEO approval and 46% of employees would recommend working at the company.
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Compensation and Benefits received a rating of 2.9 out of 5, Work/Life Balance 3.3 out of 5, Culture and Values 3.7 out of 5, and Career Opportunities 3.8 out of 5.
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The company's Code of Business Conduct and Ethics applies to all directors, officers, and employees in Israel and the United States, requiring compliance with labor and employment laws, including anti-discrimination and freedom of association.
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It also prohibits harassment and retaliation against those who report violations, offering an Ethics Hotline for reporting.
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The company provides healthcare benefits, but the specific percentage of the workforce covered is not stated.
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Fair Trade & Ethical Sourcing
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No evidence available to assess ODDITY Tech Ltd. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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Multiple class action lawsuits have been filed against Oddity Tech Ltd. and its executives, alleging securities fraud.
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These lawsuits claim the company misrepresented its AI technology and its role in sales, engaged in unsustainable and deceptive sales and advertising practices, and downplayed ongoing civil litigation.
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The alleged class period spans from July 19, 2023, to May 20, 2024.
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Allegations also include insider trading by key executives, with stock sales occurring before and after the company's IPO on July 19, 2023, which was priced at $35.00 per share.
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The company has accumulated 1,402 complaints on the Better Business Bureau website over the last three years.
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Share price declines followed a negative report issued on May 21, 2024.
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Kind to Animals
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ODDITY Tech Ltd. conducts animal testing to assess product safety, indicating that its products are not certified cruelty-free.
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The company's products contain collagen, an animal-derived ingredient, and the company explicitly states that not all of its products are vegan.
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While its subsidiary, IL MAKIAGE, is certified cruelty-free by PETA and states it does not test on animals,
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the parent company's overall practice of conducting animal testing means that, for the company as a whole, no products can be considered certified cruelty-free. The company's animal testing policy is vague, as it conducts testing without clear details on scope or exceptions. There is no specific data on the extent of alternative testing methods used,
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humane certifications,
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wildlife conservation impact,
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supplier audits,
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cage-free sourcing,
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animal testing volume,
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R&D investment in animal-free technologies,
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animal agriculture ethics,
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or collaboration on animal-free standards.
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No War, No Weapons
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No evidence available to assess ODDITY Tech Ltd. on No War, No Weapons.
Planet-Friendly Business
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No evidence available to assess ODDITY Tech Ltd. on Planet-Friendly Business.
Respect for Cultures & Communities
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ODDITY Tech Ltd. dedicated $10 million annually to education and digital literacy initiatives in 2024.
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This investment represents 1.66% of its total sales of $600 million for the same year.
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Safe & Smart Tech
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No evidence available to assess ODDITY Tech Ltd. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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No evidence available to assess ODDITY Tech Ltd. on Zero Waste & Sustainable Products.