Gladstone Land Corporation.
LAND.US | Real estate activities with own or leased property
Gladstone Land Corporation is a real estate investment trust (REIT) that specializes in owning and leasing farmland. The company acquires farmland in the United States and leases it to farmers, focusing on properties where its tenants grow fresh produce and certain permanent crops, such as almonds, ...Show More
Better Health for All
0
No evidence available to assess Gladstone Land Corporation on Better Health for All.
Fair Money & Economic Opportunity
-10
Gladstone Land Corporation's core business is owning and leasing farmland, not providing financial services to consumers. Therefore, many KPIs related to consumer lending, such as underserved client share, exploitative fee exposure, inclusion initiatives, data accessibility, wealth building outcome, financial literacy initiatives, and product simplicity, are not applicable, resulting in a score of 0. The company does not offer consumer credit products, leading to a score of 0 for pricing fairness and debt burden ratio. For profit reinvestment, the company made $200,000 in community contributions in 2024, against a 2024 net income of $13.3 million, which calculates to approximately 1.50% of net income.
1
This falls between 1% and 2% in the rubric, mapping to a score of -90. For geographic inclusion, the company owns farms in 15 states, but the articles do not provide a percentage of service points in underserved areas, making it impossible to score against the rubric's quantitative thresholds, thus resulting in a 0.
2
There is no evidence regarding fair lending compliance, so this KPI is omitted.
Fair Pay & Worker Respect
0
Gladstone Land Corporation does not have its own employees, as it relies on Gladstone Management Corporation and Gladstone Administration LLC for workforce management.
1
Consequently, direct employee-related metrics such as living wage coverage, CEO-to-median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, insecure contract share, and health insurance coverage are not applicable or reported for Gladstone Land Corporation itself.
2
The company's ESG policy, effective May 18, 2023, outlines compliance procedures including an anonymous ethics hotline, but no quantitative data on labor violation incidents is provided.
3
Fair Trade & Ethical Sourcing
0
No specific, quantitative evidence was found in the provided articles for any of the Key Performance Indicators related to Fair Trade & Ethical Sourcing. The articles primarily focus on financial reporting, corporate governance, and environmental sustainability initiatives such as organic farming and water conservation, rather than fair trade certifications, supply chain audits, or ethical sourcing clauses in supplier contracts.
1
Honest & Fair Business
0
No evidence available to assess Gladstone Land Corporation on Honest & Fair Business.
Kind to Animals
0
Gladstone Land Corporation is a real estate investment trust (REIT) that owns and leases farmland primarily for growing fresh produce and permanent crops. The company's business model does not involve animal product manufacturing, animal testing, or animal agriculture operations. Therefore, KPIs such as cruelty-free certification, alternative testing methods, humane certifications for animal operations, ethical input substitution, supplier audits for animal welfare, cage-free sourcing, animal testing policies or volume, innovation investment in animal-free technologies, animal agriculture ethics, animal-free R&D collaboration, and public policy engagement on animal welfare are not applicable to its core business model. While the company has committed over 50,000 acres to land conservation contracts, including 950 acres in the Chesapeake Bay Region, no measurable biodiversity impact, species recovery, or habitat restoration metrics are provided to score the wildlife conservation impact KPI.
1
No War, No Weapons
0
No evidence available to assess Gladstone Land Corporation on No War, No Weapons.
Planet-Friendly Business
-20
Gladstone Land Corporation has committed over 50,000 acres to land conservation contracts, which represents approximately 44.2% of its total 113,000 acres of farmland.
1
The company has not detailed any specific environmental compliance violations, fines, or regulatory actions in the provided documents, and its properties comply with Groundwater Sustainability Agencies' management plans in California, with four farms in southern Florida participating in a voluntary Best Management Practices Program.
2
The company has installed over eight megawatts of solar capacity across seven California farms and uses windmills on six Colorado farms.
3
However, the share of operational energy consumption sourced from renewables is not explicitly stated, making it difficult to assess the overall percentage.
Respect for Cultures & Communities
0
No specific, quantitative evidence was found in the provided articles to assess Gladstone Land Corporation against any of the KPIs for the 'Respect for Cultures & Communities' value. The articles contain policy statements and general ESG commitments, but lack concrete data points, percentages, or numbers related to community engagement, cultural preservation, or local impact metrics required by the rubric.
Safe & Smart Tech
0
No documented incidents of unauthorized data use were found in the provided articles.
1
The company's privacy policy allows users to update personal information, unsubscribe from newsletters, and exercise California Consumer Privacy Act (CCPA) rights.
2
Multi-factor authentication, vulnerability scans, and penetration testing are mentioned, as is security testing, but without specific details on their scope, frequency, or effectiveness.
3
The company's privacy policy mentions data retention but lacks specific data minimization practices or retention schedules.
4
Compliance with CCPA is noted for California residents, but no broader regulatory compliance details are provided.
5
Zero Waste & Sustainable Products
0
Gladstone Land Corporation operates as a real estate investment trust specializing in owning and leasing farmland. The provided articles focus on the company's broader environmental stewardship, such as promoting organic farming, water conservation, and land conservation among its tenants. However, there is no specific, quantitative evidence related to waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles for products, waste reduction initiatives with measurable results, 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. Therefore, no KPIs under the 'Zero Waste & Sustainable Products' value can be scored based on the provided information.