Iroquois Valley Farmland REIT

Certified B Corporation
Headquarters

Illinois, United States

Certified Since

August 2012

Industry

Equity investing - Developed Markets

Sector

Service with Minor Environmental Footprint

Operates In

United States

Iroquois Valley Farmland REIT, PBC is a restorative farmland finance company providing land access to organic family farmers, with a focus on the next generation. Starting in 2007 (as Iroquois Valley Farms, LLC) and establishing itself as a leader in socially responsible investing before “SRI” and “Impact Investing” were common vernacular, the Company has a long track record of successfully acquiring organic and transitional farmland. In 2016, the Company expanded its scope to include mortgage financing/re-financing. The Company uses private investment capital to facilitate farmers’ expansion plans through leasing or mortgage financing. The Company is committed to social responsibility and the public health. In that regard, Iroquois Valley Farmland REIT, the parent entity, was established as a Public Benefit Corporation, whose public benefit is enabling healthy food production, soil restoration and water quality improvement through the establishment of secure and sustainable farmland access tenures. Iroquois Valley Farms has purchased over 8,400 acres of farmland representing nearly $50 million in transaction value (inclusive of land subsequently sold its tenant farmers). All farms are operated by independent family farmers organically.

Overall B Impact Score

Based on the B Impact assessment, Iroquois Valley Farmland REIT earned an overall score of 107.1. The median score for ordinary businesses who complete the assessment is currently 50.9.
107.1
107.1 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 19.0

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.

Mission & Engagement1.5
Ethics & Transparency7.4
+ Mission Locked10

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 24.5

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.

Financial Security8.6
Health, Wellness, & Safety8.9
Career Development4.1
Engagement & Satisfaction2.9

Community 15.7

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.

Diversity, Equity, & Inclusion5.7
Economic Impact6.0
Civic Engagement & Giving1.4
Supply Chain Management0.5

Environment 7.3

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.

Environmental Management3.8
Air & Climate0.1
Water0.3
Land & Life2.5

Customers 40.1

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.

Customer Stewardship2.4
+ Mission Lock0
+ Past Performance5.7
+ Current Fund8
+ Positive Impact15.4
+ Portfolio Reporting4.2
+ Capacity Building2.8
+ Fund Governance0.7

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.



Previous Overall B Impact Scores

2022 Overall B Impact Score107.1
2017 Overall B Impact Score135.2
2015 Overall B Impact Score123.5
2012 Overall B Impact Score107.8

Best for the World

Every year, B Lab recognizes the B Corps that have achieved the highest verified scores in the five impact areas evaluated on the B Impact Assessment.

Best For The World: Customers2019
Best For The World: Governance2019
Best For The World: Overall2019
Best For The World: Customers2018
Best For The World: Governance2018
Best For The World: Overall2018
Best For The World: Governance2017
Best For The World: Overall2017
Best For The World: Overall2016
Best For The World: Community2014

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