MASHINIi

Leslie's, Inc..

LESL.US | Other retail sale of new goods in specialized stores

Leslie's, Inc. is the largest direct-to-consumer brand in the U.S. pool and spa care industry. The company markets and sells a comprehensive range of products and services, including pool chemicals, equipment, cleaning devices, parts, and safety equipment. Leslie's operates a large network of retail...Show More

Ethical Profile

Mixed.

Leslie's, Inc. presents a mixed ethical profile. The company experienced a data breach in March 2023, with material weaknesses in IT controls reported. Critics point to a high CEO to median employee pay ratio, which was 60:1 in 2024, following a 236:1 ratio in 2021, and employee reviews allegedly cite low salaries. While a Vendor Code of Conduct exists, reports suggest Leslie's does not audit its suppliers. Environmentally, waste generation increased significantly in FY2023, alongside rising water usage. Positively, Leslie's water safety initiatives reach over one million children, and over 55% of its procurement budget supports diverse, local, and small businesses.

Value Scores

Better Health for All-20
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect10
-100100
Fair Trade & Ethical Sourcing-60
-100100
Honest & Fair Business-10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-60
-100100
Respect for Cultures & Communities-30
-100100
Safe & Smart Tech-40
-100100
Zero Waste & Sustainable Products-60
-100100

Better Health for All

-20

Leslie's core business, including free AccuBlue water testing and customized treatment plans, aims to maintain clean, safe pool water, which prevents recreational water illnesses and drownings.

1
The company has performed over 50 million water tests.
2
Leslie's partners with YMCA of the USA and Boys & Girls Clubs of America to extend water-safety programming, including swim lessons and lifeguard training, to children at the highest risk of drowning, especially in underserved communities.
3
The YMCA teaches over one million children water-safety and swimming skills annually.
4
Leslie's provides an annual donation of $100,000 to the YMCA for a three-year partnership.
5
The company also launched a diverse small business grant program in partnership with the NAACP.
6
Leslie's offers free in-store AccuBlue water testing at all locations.
7
The company provides customer education through blog posts, email, and other communications on proper use of pool and spa chemicals, and the Leslie's app offers pool maintenance tips.
8
Leslie's implements a certified information security management system following the Center for Information Security (CIS) framework and has policies governing the collection, usage, and safeguarding of sensitive and personal information.
9
The company made contributions to alleviate suffering among displaced Ukrainians during the Ukraine Crisis.
10

Fair Money & Economic Opportunity

0

Leslie's, Inc. is a retail company specializing in pool and spa care, not a financial institution.

1
The company does not offer lending or deposit services to consumers, nor does it have a loan or insurance book.
2
Therefore, all KPIs related to financial products, pricing, fees, debt, and client shares for financial services are not applicable to its core business model. While Leslie's facilitates third-party financing options like Klarna and Affirm,
3
the terms and conditions of these services are managed by the respective financial providers, not Leslie's itself.
4
The company's initiatives, such as partnerships with the YMCA for water safety,
5
grants for diverse small businesses,
6
and internal DEI programs,
7
fall under community engagement and social responsibility rather than direct financial inclusion or wealth-building outcomes as defined by the rubric for financial services.

Fair Pay & Worker Respect

10

For the 2024 fiscal year, the CEO's total compensation was 60 times the median employee pay.

1
The Total Recordable Incident Rate (TRIR) was 2.68 in 2023, which represents a 36% reduction from the prior year.
2
The gender pay ratio was 95.70% in 2023.
3
An employee engagement survey conducted in January 2024 reported an Engagement Favorability Score of 73%, with 73% employee participation.
4
The voluntary employee turnover rate was 31% in 2023.
5
The company provides an assortment of health and well-being benefits for associates and their families, including children, spouses, and domestic partners.

Fair Trade & Ethical Sourcing

-60

Leslie's does not currently perform audits on its suppliers.

1
While the company states that agreements with suppliers include requirements to comply with applicable federal, state, and local laws, and its 2023 Vendor Code of Conduct addresses responsible sourcing, human trafficking, forced and child labor, and anti-corruption, there is no evidence of the percentage of contracts that include *enforceable ethical-sourcing clauses*.
2
Leslie's assesses its product assortment for the potential presence of conflict minerals and complies with the California Transparency in Supply Chains Act and SEC requirements regarding annual product reviews for conflict minerals.
3
In 2023, $48.4 million of the total procurement spend was directed to diverse, local, and small business enterprises, but the total procurement budget is not provided, making it impossible to calculate the percentage.
4

Honest & Fair Business

-10

Leslie's, Inc. has a formal Whistleblower Policy, effective as early as October 2020, which applies to all directors, officers, and employees.

1
The policy includes an EthicsLine, accessible 24 hours a day, 7 days a week, at 1-800-826-6762, for reporting violations.
2
The company explicitly states that it does not tolerate retaliation against any director, officer, employee, vendor, or subcontractor who makes a good faith report of misconduct.
3
The company has not had any financial restatements recently, with historical issues fully resolved.
4
Leslie's has a comprehensive anti-corruption policy, effective October 2020, which strictly prohibits all forms of corruption and bribery globally.
5
This policy applies to all operations worldwide, directors, officers, employees, and third-party representatives.
6
It includes requirements for integrity due diligence for third parties and mandates external anti-corruption compliance program audits every two years, with more frequent targeted testing based on risk assessments.
7
The Vendor Code of Conduct, effective May 2023, also requires vendors to comply with anti-corruption laws, including the U.S. Foreign Corrupt Practices Act of 1977.
8

Kind to Animals

0

The provided articles contain no specific data or information regarding Leslie's, Inc.'s performance on any of the 'Kind to Animals' key performance indicators. There is no evidence of cruelty-free certifications, alternative testing methods, humane certifications for animal operations, wildlife conservation initiatives, ethical alternatives for animal-derived ingredients, supplier audits for welfare compliance, cage-free sourcing, animal testing policies or volume, R&D investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement related to animal welfare.

1

No War, No Weapons

0

No specific, quantitative evidence was found in the provided articles to score any of the KPIs for the 'No War, No Weapons' ethical value. While Leslie's, Inc. recognizes the UN Guiding Principles on Business and Human Rights

1
and requires vendors to attest that products do not contain conflict minerals,
2
these statements do not provide the verifiable percentages, frequencies, or outcomes required by the rubric's quantitative thresholds for scoring.

Planet-Friendly Business

-60

In fiscal year 2023, the company's total Scope 1, 2 (location-based), and 3 greenhouse gas emissions were 168,333 tCO₂e, representing a 15.91% year-over-year reduction from 200,185 tCO₂e in fiscal year 2022.

1
The company reported 0% renewable energy usage in 2022.
2
For waste, 3,002 metric tons were recycled out of 7,985 metric tons generated in fiscal year 2023, resulting in a 37.59% diversion rate.
3
In fiscal year 2023, 1,282 tCO₂e of carbon offsets were used for small parcel shipments, covering 0.76% of total emissions.
4
These offsets were purchased in partnership with Bluesource to support urban forestry, sustainable forest management, and rural cookstove programs.
5
The company is conducting its first climate scenario analysis focused on climate-related physical and transition risks in alignment with TCFD recommendations.
6
A climate-related physical risk study was commissioned to understand weather impacts on facilities.
7
The company is actively identifying sustainable alternatives for Leslie’s-branded product packaging and joined the Ellen MacArthur Foundation Network.
8
The company expanded its environmental monitoring program in 2023 to include additional Scope 3 category data and procurement spend reports on business enterprises, aiming to maintain and expand responsible practices throughout its supply chain.
9

Respect for Cultures & Communities

-30

Leslie's, Inc. has five formal pillar partners: YMCA, Boys & Girls Club, NAACP, St. Jude Children’s Research Hospital, and American Red Cross.

1
The company reported no cultural appropriation incidents.
2
Total donations to local and pillar partners were over $850,000 in 2023, with an annual commitment of $100,000 to each of the five pillar partners.
3
All associates complete annual unconscious bias training and 1.25 hours of DEI e-learning courses.
4

Safe & Smart Tech

-40

Leslie's experienced a data breach on March 23, 2023, by the threat actor CL0P, with an unknown leak size.

1
The company's privacy policy, effective July 1, 2024, and last revised September 23, 2025, outlines user rights for California residents, including the right to know, delete, correct, and opt-out of data sale/sharing, with opt-out mechanisms via email, form, and Global Privacy Control (GPC).
2
The company states it takes all commercially reasonable steps to protect information and mentions authentication to avoid re-entering credentials, which aligns with industry-standard authentication security.
3
Leslie's conducts regular penetration and vulnerability testing, security audits, and tabletop exercises as part of its cybersecurity processes, indicating standard vulnerability management.
4
The company's privacy policy states it keeps information as long as necessary for the purpose collected, business needs, and legal/regulatory obligations, and disposes of it securely.
5
Leslie's states its vendors must comply with all applicable federal, state, and local laws and regulations, including the U.S. Foreign Corrupt Practices Act of 1977 and the Uyghur Forced Labor Prevention Act of 2021.
6
However, the company identified material weaknesses in its internal control over financial reporting as of September 30, 2023, related to inventory costing, vendor rebates, and IT general controls, leading to an adverse opinion from its auditor.
7

Zero Waste & Sustainable Products

-60

In FY 2023, Leslie's recycled 3,002 metric tons out of 7,985 metric tons of waste generated, resulting in a waste diversion rate of 37.59%.

1
The company is a member of the Ellen MacArthur Foundation Network, indicating an awareness of circular economy principles.
2
Leslie's has implemented waste reduction initiatives such as logistics enhancements, including consolidation of defective merchandise for bulk shipments back to vendors or recyclers, and optimization of routes to reduce empty miles.
3
The company engages third-party waste management partners to handle, transport, store, and dispose of chemical-related waste, general waste, and recycling, and has Environmental, Health, and Safety (EHS) policies in place for hazardous materials.
4
No waste disposal violations were mentioned in the provided articles for the past three years.
5
Leslie's does not have specific waste reduction targets with timelines.
6
The company's Vendor Code of Conduct, established in 2023, includes requirements for suppliers to comply with applicable environmental laws and addresses sustainable business practices.
7
Leslie's provides customer education through various channels, including blog posts and in-store signage, to raise awareness about eco-friendly pool products and proper chemical use.
8

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.