GUANGZHOU, China, Sept. 6,
2024 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen"
or the "Company"), a leading China-based beauty group, today announced the
publication of its 2023 Environmental, Social and Governance Report
("ESG") report for the third consecutive year. The report
underscores Yatsen's approach and achievements in implementing ESG
initiatives across various dimensions in 2023, while providing
insights into future goals.
Yatsen retained its MSCI ESG Rating of A in 2023, once again
earning notable recognition from MSCI, a leading provider of
critical decision support tools and services for the global
investment community. Among other significant achievements, Yatsen
outperformed industry averages in key areas, including product
packaging and waste management, product carbon footprint, and
chemical safety, demonstrating excellence in green and low-carbon
initiatives.
Mr. Jinfeng Huang, Founder,
Chairman and Chief Executive Officer of Yatsen, stated: "We are
very proud to be the highest-rated company in the Chinese beauty
industry by MSCI and the only beauty company in China to achieve an MSCI A Rating for two
consecutive years. Along with our strong commitment to green and
low-carbon practices, we have continued to strengthen our R&D
and innovation capabilities. In 2023, our R&D investment
reached 3.3% of total net revenues, positioning us among the global
leaders in R&D spending. Furthermore, we established a
cutting-edge beauty factory and three independent R&D centers,
and introduced numerous technological innovations and applications
as part of our vigorous pursuit of 'Yatsen's Road of Science and
Technology,' which has garnered wide market recognition. Looking
ahead, we will continue to prioritize our business while
maintaining commercial integrity to foster a sustainable
future."
To view the report in full, please visit the ESG section on the
Yatsen Investor Relations website. Click here for the English
version and here for the Chinese version of the 2023 report.
About Yatsen Holding Limited
Yatsen Holding Limited (NYSE: YSG) is a leading China-based beauty group with the mission of
creating an exciting new journey of beauty discovery for consumers
around the world. Founded in 2016, the Company has launched and
acquired numerous color cosmetics and skincare brands including
Perfect Diary, Little Ondine, Pink Bear,
Galénic, DR.WU (its mainland
China business), Eve Lom
and EANTiM. The Company's flagship brand, Perfect
Diary, is one of the leading color cosmetics brands in
China in terms of retail sales value. The Company primarily
reaches and engages with customers directly both online and
offline, with expansive presence across all major e-commerce,
social and content platforms in China.
For more information, please visit
http://ir.yatsenglobal.com.
For investor and media inquiries, please contact:
In China:
Yatsen Holding Limited
Investor Relations
E-mail: ir@yatsenglobal.com
Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
E-mail: yatsen@thepiacentegroup.com
In the United
States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: yatsen@thepiacentegroup.com
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SOURCE Yatsen Holding Limited