Charlotte's Web, Inc
Colorado, United States
August 2020
Agricultural Processing
Agriculture/Growers
Canada,
United States
Every day at Charlotte’s Web they live their mission to unleash the healing powers of botanicals with compassion and science. Charlotte's Web Holdings, Inc. is a socially and environmentally conscious company that weighs sound business decisions with consideration for how its business efforts impact its employees, customers, farmers, the environment, and diverse and underserved communities. Publicly traded Charlotte’s Web is the market leader in hemp CBD products including tinctures, capsules, gummies, balms, and pet products sold online and in more than 21,000 retail doors. Their goal is to build and retain trust in the company through fully transparent actions, from organic and regenerative farming practices, to testing every Charlotte’s Web product lot 20+ times from seed to final product, for quality and efficacy assurance. And, through the CW Labs division, the company invests in and supports precision scientific research to rise the tide for the entire hemp CBD industry. Founded in 2013 by the seven Stanley brothers with inspiration in the form of one little girl, and the courage of thousands seeking wellness through Charlotte’s Web hemp CBD products, Charlotte’s Web remains committed to pioneering a better future for the planet and all who live upon it.
Overall B Impact Score
Governance 16.0
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Governance 16.0
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 21.8
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
Community 18.7
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
Environment 32.6
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Customers 3.7
Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.