Greenfern Industries
Auckland Region, New Zealand
March 2022
Plant propagation
Agriculture/Growers
New Zealand
Greenfern Industries Limited is an entrepreneurial-led licensed medicinal cannabis & biotechnology company that also has operations spanning into the industrial hemp, hemp food & body care space. It's listed on the NZX stock exchange under the GFI ticker. Greenfern operates primarily from their medicinal cannabis research facility & hemp processing hub in Normanby, South Taranaki, with these facilities powered by renewable energy generated by Greenfern’s own hydroelectric power station located adjacent to the facility on the Waingongoro River. Greenfern is committed to environmentally friendly production of medicinal cannabis & hemp-based products. The research facility is designed around maximum efficiency and sustainability, being powered by renewable power & using an aeroponic production system renowned for its optimal water and nutrient efficiency. Greenfern’s hemp production follows the same ethos. The hemp seed & its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skin care range & hemp-based beverages amongst other things. As well as being B Corp Certified, Greenfern is also Toitū net carbonzero certified & was NZ's first medicinal cannabis company to receive both certifications.
Overall B Impact Score
Governance 9.0
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 9.0
The Governance Impact Area evaluates a company's overall mission, engagement around its social and 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 24.0
The Workers Impact Area evaluates a company's contributions to its employees' financial security, health and safety, wellness, career development, as well as overall engagement and 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 30.6
The Community Impact Area evaluates a company's engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity, and 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.
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.
Environment 21.3
The Environment Impact Area 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.
Customers 1.7
The Customers Impact Area 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 and media products, serving underserved customers or clients, and services that improve the social impact of other businesses or organizations.