L'Oréal, Estée Lauder tied to child labor | Sav-Rx discloses data breach | Esken Renewables fined over worker safety

In today’s Portfolio Intelligence Daily:?

• L'Oréal, Estée Lauder tied to child labor
• Sav-Rx discloses data breach??
• Esken Renewables fined over worker safety violation??

Our analyst team curates these summaries from Auquan’s Intelligence Engine, which uses generative AI and retrieval augmented generation (RAG) to uncover material non-financial insights at scale to support deal sourcing, due diligence, risk monitoring, and compliance.

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L'Oréal, Estée Lauder tied to child labor

L'Oréal-owned Lanc?me and Estée Lauder's Aerin Beauty face scrutiny in a BBC investigation uncovering child labor within luxury perfume supply chains.?

• BBC investigation reveals Lanc?me and Aerin Beauty's ties to child labor in luxury perfume production, exposing systemic failures in supply chains.
• Underage children found picking jasmine for these brands' suppliers, highlighting the impact of budget constraints on labor practices.
• Responses from perfume companies range from denials to pledges to investigate and address the issue, but concerns about accountability persist.
• The investigation prompts calls for legal reforms and corporate responsibility to tackle the root causes of child labor in supply chains.

Select timeline

• May 28, 2024 | Luxury perfumes linked to child labour, BBC finds ? (BBC)
• May 28, 2024 | Report: L'Oréal, Estée Lauder Perfumes Linked to Child Labour (Business of Fashion)
• May 28, 2024 | Middle East News: Your favourite luxury perfume could be linked to child labour! (GDN online)

Sav-Rx discloses data breach

Sav-Rx, a prescription management company operating under the legal name A&A Services and based in Fremont, Nebraska, disclosed a significant data breach.

• The data breach, affecting over 2.8 million individuals, including 5,935 Maine residents, was discovered on April 30, 2024.
• Hackers gained access to sensitive personal information through an external system breach. The compromised information includes names and Social Security numbers of the affected individuals.
• Written notifications were sent to affected consumers. Major consumer reporting agencies have been informed due to the large number of affected individuals in Maine.
• Sav-Rx is offering identity theft protection services to those impacted by the breach. The company is working with authorities and cybersecurity experts to investigate the breach and identify the perpetrators.

Select timeline

• May 28, 2024 | Sav-Rx Discloses Data Breach: 2.8 Million Users Affected (Cyber Security News)
• May 27, 2024 | Sav-Rx discloses data breach impacting 2.8 million Americans (Bleeping Computer)
• May 27, 2024 | SAV-RX DATA BREACH IMPACTED OVER 2.8 MILLION INDIVIDUALS (Security Affairs)

Esken Renewables fined over worker safety violation?

Esken Renewables, a wood waste recycling center in Middlesbrough, faced fines and costs exceeding ￡165,000 due to excessive exposure of workers to wood dust.

• Concerns about wood dust spreading to the surrounding area prompted an investigation by an HSE inspector in April 2022.
• The Health and Safety Executive (HSE) highlighted the potential health risks associated with inhaling wood dust, including asthma and nasal cancer.
• Dust from softwood is identified as an asthmagen, while particles from hardwood are recognized as carcinogens.
• The investigation found inadequate control of wood dust to protect employees working on and around the site.

Select timeline

• May 28, 2024 | Wood waste firm fined for dust exposure (mrw)
• May 28, 2024 | Recycling company fined ￡160,000 after workers exposed to dust (Circular Online)
• May 25, 2024 | Middlesbrough recycling firm Esken Renewables fined over wood dust (BBC)

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