Celsius Holdings, Inc..
CELH.US | Manufacture of soft drinks; production of mineral waters and other bottled waters
Celsius Holdings, Inc. specializes in the development, marketing, sales, and distribution of functional beverages and liquid supplements. Its primary product, Celsius, is a fitness drink marketed towards health-conscious consumers. The company focuses on creating beverages that boost metabolism and ...Show More
Better Health for All
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No evidence available to assess Celsius Holdings, Inc. on Better Health for All.
Fair Money & Economic Opportunity
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The provided article, a 2021 press release on Celsius Holdings, Inc.'s ESG report, contains no quantitative or qualitative data specific to any of the 'Fair Money & Economic Opportunity' KPIs.
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The article explicitly states that no quantitative data specific to these metrics is provided.
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Therefore, all KPIs are omitted due to a lack of relevant evidence.
Fair Pay & Worker Respect
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No evidence available to assess Celsius Holdings, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No specific, quantitative evidence regarding Celsius Holdings, Inc.'s fair trade and ethical sourcing practices was found in the provided articles. While an inaugural ESG report was released in August 2021,
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the content of this report with relevant metrics for fair-trade certified spend, audit frequency, forced/child labor incidents, supply chain traceability, remediation speed, ethical clause coverage, high-risk materials spend, or supplier diversity spend was not provided.
Honest & Fair Business
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Celsius Holdings, Inc. incurred a $3 million fine for improper accounting of stock-based compensation expenses.
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This issue led to the restatement of financial information for the periods ended June 30, 2021, and September 30, 2021, in its 2021 Form 10-K.
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The improper accounting resulted in an overstatement of net income by approximately 400% for Q2 2021 and an understatement of net loss by approximately 130% for Q3 2021.
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The company also settled shareholder lawsuits alleging improper accounting practices for $987,500, which included costs for corporate governance reforms and improving internal controls.
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The CEO reimbursed profits from a stock sale and returned vested shares related to these issues.
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Kind to Animals
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Celsius Holdings, Inc. is Leaping Bunny certified.
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The company's CELSIUS® line of products is also certified vegan, indicating zero animal inputs in those product lines.
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According to Leaping Bunny, Celsius does not test on animals, signifying a global corporate ban on all animal testing across every product category.
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However, while Leaping Bunny certification requires supplier monitoring,
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the evidence does not specify the percentage of animal-related suppliers audited for welfare compliance, only that a system is required.
No War, No Weapons
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No evidence available to assess Celsius Holdings, Inc. on No War, No Weapons.
Planet-Friendly Business
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No specific, quantitative data for Celsius Holdings, Inc. (CELH.US) related to planet-friendly business practices, such as greenhouse gas emissions, renewable energy use, water consumption, waste diversion, or environmental compliance, was found in the provided articles.
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While general industry trends and the release of an ESG report were mentioned, no concrete metrics or outcomes for the company itself were available to assess against the rubric's KPIs.
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Respect for Cultures & Communities
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The provided articles offer no specific, quantifiable evidence directly related to Celsius Holdings, Inc.'s respect for cultures and communities as defined by the rubric's KPIs. Information available includes a joint program with PepsiCo to fund hurricane relief efforts in Florida,
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an accessibility statement for the company's website,
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employee reviews on Diversity, Equity, and Inclusion (DEI) with an average rating of 4/5,
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and an announcement of an ESG report without detailing its contents relevant to this value.
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None of these sources provide concrete data points that align with the quantitative thresholds of the specified KPIs, such as formal partnerships with indigenous groups, percentage of revenue reinvested in local community development, cultural appropriation incidents, or cultural impact assessment protocols.
Safe & Smart Tech
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No evidence available to assess Celsius Holdings, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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Approximately 90% of Celsius's products are sold in 12oz aluminum cans, which are 100% recyclable.
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Over 90% of final goods are packaged in aluminum cans.
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The company has implemented waste reduction initiatives including a program to reduce miles on cans through strategic warehouse placement, a focus on more complete loads for transit, and its Nordic partners changing from truck to railway transportation.
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Celsius focuses on working with co-packers who have committed to top environmental sustainability efforts in the industry.
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