Flora Growth Corp..
FLGC.US | Growing of other non-perennial crops
Flora Growth Corp. is a vertically integrated cannabis company focused on cultivating, processing, and distributing cannabis products. They operate cultivation facilities, extraction labs, and distribution networks to bring cannabis-derived products to market. Their activities encompass the entire v...Show More
Better Health for All
0
No article provides specific, concrete data points for any of the KPIs under the 'Better Health for All' value. While Flora Growth Corp. operates in both medical and consumer cannabis markets,
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and has launched a Flora Pharma division for clinical trials,
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there is no quantitative evidence regarding the net health effect of its products, the percentage of revenue from harmful products, safety records, pricing accessibility, reach to vulnerable populations, risk disclosures, or investment in health innovation. Therefore, all KPIs must be omitted due to a lack of verifiable data.
Fair Money & Economic Opportunity
0
Flora Growth Corp. is a cannabis company focused on cultivation, processing, and distribution of cannabis products.
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The company's core business activities do not involve lending, insuring, moving, or storing money for consumers, nor does it offer consumer credit products or financial services.
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Therefore, all KPIs related to fair money and economic opportunity are scored as '0' because they are not applicable to the company's operations, as per the rubric's definition for the '0' tier for each respective KPI.
Fair Pay & Worker Respect
0
No specific, quantitative data points were found across the provided articles for any of the KPIs related to Fair Pay & Worker Respect. Information regarding living wage coverage, CEO median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage was not present in a quantifiable format relevant to the rubric's thresholds.
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Employee review ratings from Indeed and Glassdoor are qualitative feedback and do not constitute formal engagement scores or other quantifiable metrics required by the rubric.
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Fair Trade & Ethical Sourcing
-10
All of Flora Food Group’s purchasing agreements, contracts, master and local purchase agreements, or master services agreements specify that suppliers must acknowledge adherence to its Responsible Sourcing Policy as a condition of supply.
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The company uses Sedex to assess and prioritize sourcing risk and applies stronger due diligence for soybean products from high-risk origins.
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It also recognizes potential risks associated with shea nut oil.
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The company partners with suppliers and local players to support women’s groups in Northern Ghana, including a cooperative of approximately 1,000 female shea nut collectors, and engages with local communities and authorities to address human and labor rights at palm oil plantations.
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Honest & Fair Business
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The provided article focuses on investor relations and financial performance, listing access to corporate documents and conference calls.
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It does not contain any specific data points, quantitative metrics, regulatory actions, or certifications relevant to assessing the company against the 'Honest & Fair Business' ethical value.
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Kind to Animals
0
No specific, concrete data points were found in the provided articles to assess Flora Growth Corp. against any of the 'Kind to Animals' KPIs. Information regarding cruelty-free certifications, animal testing policies or volumes, humane certifications for operations, wildlife conservation impact, ethical input substitution percentages, supplier audits for welfare, cage-free sourcing, R&D investment in animal-free alternatives, animal agriculture ethics, animal-free R&D collaboration, or public policy engagement on animal welfare is not available in the provided texts. While one article mentions 'vegan CBD gummies' and a 'cruelty-free lifestyle',
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this does not provide quantifiable evidence for any specific KPI, such as certified products or a percentage of substituted ingredients across the company's portfolio.
No War, No Weapons
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Flora Growth Corp.'s core business is described as cannabis cultivation, processing, and distribution, global pharmaceutical distribution through Phatebo GmbH
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, and asset management focused on decentralized AI
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. The provided articles contain no evidence of the company deriving revenue from arms or defense contracts, developing or selling dual-use technologies with military applications, or engaging in sales to embargoed or sanctioned regimes
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. There is also no indication of any exposure to controversial or banned weapons
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.
Planet-Friendly Business
0
No evidence was found in the provided articles regarding Flora Growth Corp.'s performance on any Planet-Friendly Business KPIs. The articles primarily cover general cannabis industry news, financial updates for other companies, and company information without any specific data on environmental, social, or governance (ESG) performance.
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Respect for Cultures & Communities
0
Flora Growth Corp. hires workers from local geographical areas at its cultivation facility, which aligns with local hiring at industry average rates.
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The company provides an Ethics Channel, available 24/7 in 11 languages, for reporting breaches of its Code of Conduct, policies, and legislation.
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This is a standard grievance process. All employees are required to complete periodic training, at least annually, on the content of the Code of Conduct, which includes cultural sensitivity, representing standard diversity training without specific cultural sensitivity components.
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Safe & Smart Tech
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Flora Growth Corp. states it has processes for assessing, identifying, and managing cybersecurity risks, including controls and technologies to prevent data loss, theft, and unauthorized access.
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The company experiences directed attacks, but these have not materially affected operations.
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Policies related to encryption standards and multi-factor authentication are in place.
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The privacy policy outlines user rights to access, correct, delete, and restrict data.
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The company has processes for incident investigation, remediation, and recovery.
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Data retention periods are specified for various data types, including three months, two years, and seven years.
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The company explicitly references GDPR and UK's Data Protection Act 2018 in its privacy policy, but Article 2 states no mention of specific regulatory compliance.
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Zero Waste & Sustainable Products
-30
Over 90% of the company's current packaging is recyclable, reusable, or compostable.
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The company has implemented several waste reduction initiatives, including using organic cultivation practices, utilizing the whole plant to reduce waste, conducting Life Cycle Assessments (LCAs) for packaging, and introducing lower-impact packaging materials such as new fully recyclable paper tubs.
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While the company aims to have all packaging recyclable by 2030 and is increasing recycled content, it has not provided specific waste reduction targets with timelines.
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The company requires all direct suppliers to achieve independent certification for sustainably sourced paper and cardboard, such as FSC or PEFC equivalent.
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