Fair Pay & Worker Respect

Olaplex Holdings Inc. reported a CEO to median employee pay ratio of 8:1 in 2024, with the CEO's compensation at $1,355,970 and the median employee compensation at $163,184 for a workforce of 230 employees.

Employee reviews on Glassdoor indicate an average rating of 2.7 out of 5 stars based on 35 reviews, with only 36% of employees recommending working at Olaplex to a friend. The company's employee rating is 24% below the average for employers within the Retail & Wholesale industry. Mentions of layoffs and fear of job loss are present in employee reviews, and the company faced a $75,000 lawsuit in California as of February 2023. No specific labor law or human rights violations have been substantiated in the past three years.

Fair Trade & Ethical Sourcing

In fiscal year 2023, Olaplex did not engage in audits of its suppliers relating to human trafficking and slavery.

However, in fiscal year 2024, risk assessments were conducted on all new and existing direct suppliers and distributors using a third-party service provider to screen for modern slavery and child labor risks. Olaplex did not identify any forced labor or child labor in its activities or supply chain in fiscal years 2023 and 2024. For non-conformities or latent defects attributable to a manufacturer, defective products are to be replaced within 90 days. Standard contractual terms with suppliers require compliance with all applicable laws, including those prohibiting child labor, human trafficking, and slavery, and warrant that products are sourced ethically. However, in fiscal year 2023, Olaplex did not require its direct suppliers to specifically certify compliance with human trafficking and slavery laws. A manufacturer warrants that products will not contain conflict minerals from covered countries. The manufacturer is required to scan all products containing unique QR codes, including each unit on the production line, master carton, and pallet.

Kind to Animals

Olaplex is certified cruelty-free by the Leaping Bunny program

, a certification it has held since 2021. This certification implies that all products under the brand are covered. The company explicitly states that it does not perform, nor does it commission any third parties to perform, testing of its products or ingredients on animals. This policy is consistently stated across multiple company and third-party sources, and the company does not distribute its cosmetics where animal testing is required by law. Furthermore, Olaplex products are 100% vegan, meaning they contain no animal-derived ingredients. The company states it does not conduct animal testing, which means zero animals are used in testing. While Olaplex has partnered with a leading sustainability rating provider to assess its third-party manufacturing and logistics partners , there is no specific data on the percentage of animal-related suppliers audited for welfare compliance.

Planet-Friendly Business

The provided article is a placeholder and explicitly states that no quantitative data, regulatory actions, violations, fines, certifications, awards, recognitions, or comparisons to industry benchmarks or peers are available.

Therefore, no assessment can be made against any of the Planet-Friendly Business KPIs.

Respect for Cultures & Communities

The provided articles, primarily financial reports, do not contain specific, quantifiable data points that directly address the company's performance regarding respect for cultures and communities. There is no evidence on formal partnerships with indigenous or local community groups, reinvestment in local community development, cultural appropriation incidents, or the existence of cultural impact assessment protocols. Information on grievance mechanisms, community complaint resolution times, or FPIC processes is also absent. While employee demographics are mentioned, data on the proportion of the workforce recruited from local communities is not provided.

Similarly, there is no evidence regarding cultural preservation investments, local procurement share, indigenous supplier engagement, or actions taken to protect cultural sites. A small charitable donation was noted, but its allocation to cultural heritage organizations or as a percentage of revenue is not specified. The development of a Spanish language education site is mentioned, but no assessment score for language inclusivity is provided. Overall, the articles lack the specific metrics required by the rubric to assess the company's respect for cultures and communities.

Safe & Smart Tech

Olaplex has no documented data breaches and maintains administrative, technical, and physical safeguards against unauthorized data use.

The company provides users with strong control over their personal data, including rights to access, update, delete, restrict processing, object to processing, and data portability, as well as the ability to opt-out of data sharing for cross-context behavioral advertising. Olaplex conducts annual enterprise risk assessments and engages independent third parties for security assessments and penetration tests. The company has implemented a framework for data retention and destruction, retaining personal information for the period necessary to fulfill outlined purposes unless a longer period is required by law. Olaplex is subject to and mentions compliance with various privacy regulations, including GDPR, UK data protection laws, Canadian privacy laws, and the California Consumer Privacy Act (CCPA).