Hour Loop, Inc..
HOUR.US | Retail sale via mail order houses or via Internet
Hour Loop, Inc. is an e-commerce retailer that specializes in selling home goods and other consumer products through online marketplaces, primarily Amazon. The company focuses on sourcing and offering a wide variety of products, including home decor, kitchenware, and other household items, directly ...Show More
Better Health for All
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No evidence available to assess Hour Loop, Inc. on Better Health for All.
Fair Money & Economic Opportunity
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Hour Loop, Inc. is an e-commerce retailer specializing in home goods and consumer products, primarily operating on online marketplaces like Amazon.
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Its core business does not involve offering financial services such as lending, deposit accounts, or insurance products to consumers.
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Therefore, all KPIs related to 'Fair Money & Economic Opportunity,' which are designed to assess financial institutions' practices regarding financial inclusion, fair lending, and wealth building, are not applicable to Hour Loop, Inc. The provided articles confirm the company's e-commerce nature and do not contain any specific, concrete data points that would allow for scoring against these financial services-centric KPIs.
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Consequently, all KPIs are omitted due to a lack of relevant evidence within the scope of the rubric's definitions for a non-financial company.
Fair Pay & Worker Respect
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No evidence available to assess Hour Loop, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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No company-wide quantitative data is available regarding Hour Loop, Inc.'s fair trade and ethical sourcing practices.
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While one product, Café Altura Organic Fair Trade Decaf Instant Coffee, is noted as Fair Trade certified, this information does not provide a percentage of the company's overall tier-1 spend covered by such certifications.
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No evidence is provided for audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend.
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Honest & Fair Business
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The company estimates it owes approximately $634,762 in sales tax penalties and interest as of June 30, 2021, which falls under the threshold for fines less than $5 million.
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Its 2020 financial statements were restated to correct an immaterial error, representing one restatement within the past five years.
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The Board of Directors consists of five members, with three identified as independent, meaning 60% are conflict-free.
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The company has an anti-corruption policy that states compliance with the FCPA and maintains policies and procedures designed to ensure continued compliance.
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A Whistleblower Protection Policy was adopted in October 2021, prohibiting retaliation and offering reporting channels including email and the Audit Committee, with a commitment to provide follow-up within two weeks.
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The Code of Ethics and Business Conduct states that the Audit Committee, supervisor, or Chief Financial Officer must promptly investigate reported prohibited actions.
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Kind to Animals
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No specific, concrete evidence regarding Hour Loop, Inc.'s performance on any 'Kind to Animals' KPI was found across the provided articles.
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The articles contain general commitments to sustainability and ethical practices, such as working with sellers committed to ethical and sustainable business practices and minimizing environmental impact,
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but lack measurable data, certifications, policies, or operational details related to animal welfare, animal testing, or ethical sourcing of animal-derived products.
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No War, No Weapons
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No evidence available to assess Hour Loop, Inc. on No War, No Weapons.
Planet-Friendly Business
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No relevant evidence was found in the provided articles to assess Hour Loop, Inc. against the 'Planet-Friendly Business' ethical value.
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The sole article provided is an online store catalog and does not contain any data pertaining to environmental performance, policies, or initiatives.
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Respect for Cultures & Communities
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No evidence available to assess Hour Loop, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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The company's privacy policy states that users can withdraw consent for secondary uses, and can access, correct, amend, or delete their personal information by contacting the company.
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This indicates industry-standard user privacy controls.
Zero Waste & Sustainable Products
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No specific, concrete data points were found in the provided articles regarding Hour Loop, Inc.'s performance on any of the Zero Waste & Sustainable Products KPIs. The articles discuss general sustainability metrics and a separate circular economy platform named 'Loop,' but do not provide any information directly related to Hour Loop, Inc.'s waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education.
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