Yatsen Holding Limited.
YSG.US | Retail sale of pharmaceutical and medical goods, cosmetic and toilet articles in specialized stores
Yatsen Holding Limited is a Chinese company focused on the beauty industry. It develops, manufactures, and sells beauty products, primarily targeting the mass market and younger consumers. The company's brand portfolio includes brands like Perfect Diary, Little Ondine, Abby's Choice, and Galénic. Ya...Show More
Better Health for All
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Yatsen Holding Limited's core beauty and skincare products have no significant positive or negative health impact, though some skincare brands offer solutions for issues like acne.
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The company reported a perfect safety record in 2023, with no incidents concerning product health and safety, and its finished product suppliers had a 100% inspection pass rate in 2021.
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Yatsen demonstrates excellent risk transparency by strictly complying with Cosmetics Label Management Regulations, listing all ingredients, and displaying appropriate risk warnings.
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In 2023, R&D investment was 3.3% of total net revenues, focused on product innovation, including medical skincare and natural ingredients.
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The company actively mitigates potential negative health externalities by researching substitutes for contamination-risk components like D5
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and committed to procuring RSPO-certified sustainable palm oil.
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Yatsen exhibits exceptional data responsibility, with no customer privacy breaches or data losses reported in 2023, and its core systems have obtained Grade III Protection of Information Security.
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The company's beauty-focused initiatives, such as free makeovers, beauty skills training, and skincare product donations, do not directly address health needs for vulnerable populations, healthcare workforce capacity, or preventative health measures. Its products are not considered health-related for price accessibility.
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Fair Money & Economic Opportunity
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Yatsen Holding Limited is a beauty company that develops, manufactures, and sells beauty products.
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The company's core business lies outside financial services, and it does not offer lending, deposit, or other financial products to consumers. Therefore, all KPIs related to financial services, lending practices, or financial product disclosures are not applicable, resulting in a score of 0 as per the rubric. While the company invests in R&D (3.3% of net revenues in 2023)
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and publishes ESG reports, there is no evidence of profit reinvestment specifically in community finance or profit-sharing with underserved communities.
Fair Pay & Worker Respect
0
No specific, quantitative evidence regarding YSG.US's performance on living wage coverage, CEO-to-median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, voluntary employee turnover rate, labor violation incidents, insecure contract share, or health insurance coverage was found in the provided articles. The articles primarily focus on financial performance, management updates, or general codes of conduct, and explicitly state the absence of data for these specific metrics. Information about labor violations in pertains to other companies, not YSG.US, and the 'turnover rate' in refers to stock turnover, not employee turnover.
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Fair Trade & Ethical Sourcing
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The company conducts semi-annual assessments for existing suppliers and performs annual and unannounced inspections for finished product suppliers.
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It requires ODM/OEM and packaging supply partners to comply with ethical, social, product, labor, and environmental standards, and provides a Code of Conduct for Business Partners.
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Child labor is strictly prohibited.
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In 2021, some products were manufactured with RSPO-certified palm oil, and the company became an RSPO member in February 2022.
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Additionally, over 95% of papers for Abby's Choice packing boxes were FSC-certified in 2021, representing 5.2% of total packing box consumption.
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Honest & Fair Business
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The company has not reported any financial restatements or error corrections to previously issued financial statements, as indicated by unchecked boxes in a recent filing.
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A formal whistleblower policy is in place, which encourages reporting to a compliance officer and prohibits retaliation.
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However, there is no evidence provided regarding independent investigation processes for whistleblower reports.
Kind to Animals
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Yatsen Holding Limited conducts animal testing for medical analysis and clinical research.
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Furthermore, Perfect Diary, a brand under Yatsen, does not explicitly state its animal testing policy on its website
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and did not reply to direct inquiries about whether its cosmetics are tested on animals.
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This indicates a lack of a clear and transparent animal testing policy.
No War, No Weapons
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Yatsen Holding Limited operates exclusively in the beauty industry, developing, manufacturing, and selling beauty products.
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Its core business model inherently involves no arms manufacturing, military contracts, or conflict facilitation. Consequently, all assessed KPIs related to defense activities, dual-use technologies, sales to embargoed regimes, military oversight, and weapons-related policies are not applicable to the company's operations. There is no evidence of involvement in any activities related to war or weapons.
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Planet-Friendly Business
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Yatsen Holding Limited's operational water consumption intensity was 34.79 m³ per $1M revenue in 2021.
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The company reported zero environmental compliance violations in 2021.
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For its packaging, all brands adopted Forest Stewardship Council (FSC)-certified express cartons, all Galénic gift boxes in China use FSC-certified paper, and 95% of Abby's Choice products use FSC-certified paper.
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Approximately 1,350 tonnes of the company’s carton materials were derived from traceable forests during the year.
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Respect for Cultures & Communities
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No specific, concrete data points were found in the provided articles that directly correspond to the quantitative thresholds of the 'Respect for Cultures & Communities' KPIs. Information regarding formal partnerships with indigenous or local community groups, percentage of revenue reinvested in local community development, cultural appropriation incidents, cultural impact assessment protocols, proportion of workforce recruited from local communities, availability of grievance mechanisms for community concerns, average time to resolve community complaints, FPIC participation rates, community representation in governance, cultural preservation investment, local procurement share, indigenous supplier count, cultural site protection, social license to operate, charitable giving to cultural heritage organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training was not explicitly provided or did not meet the specific definitions of the KPIs.
Safe & Smart Tech
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No sufficient, explicit evidence was found in the provided articles to assess Yatsen Holding Limited against any of the 'Safe & Smart Tech' KPIs. While a cybersecurity investment of $4 million for 2023 was noted, corresponding revenue for 2023 was not available to calculate the investment as a percentage of revenue, as required by the rubric.
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Zero Waste & Sustainable Products
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YSG demonstrates strong performance in packaging sustainability, with Galénic's plastic packaging in China 100% replaced by degradable bio-based paper plastics, and EVE LOM's product packaging being 100% recyclable and biodegradable.
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Additionally, 95% of Abby's Choice product packaging uses FSC-certified paper, and plastic films have been removed from all paper boxes.
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The company has implemented nine waste reduction initiatives, including adjusting product carton weight and size, switching to watermarked boxes, adopting eco-friendly kraft paper, and launching a Perfect Diary Empty Bottle Recovery Project.
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In 2021, a DR.WU packaging upgrade reduced plastic consumption by 2,795 kg.
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YSG ensures compliant collection, storage, transport, and disposal of hazardous waste by engaging qualified organizations, and no waste disposal violations were reported in the past three years.
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Furthermore, the company requires all suppliers to implement environmental protection compliance systems, manage pollutants, and handle hazardous waste compliantly, with all seven core suppliers having implemented carbon emission management by the end of 2022.
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