MASHINIi

Village Farms International, Inc..

VFF.US | Growing of vegetables and melons, roots and tubers

Village Farms International, Inc. is a vertically integrated greenhouse grower in North America. The company focuses on the production and distribution of greenhouse-grown tomatoes, peppers, and cucumbers. In addition to fresh produce, Village Farms has expanded into the cannabis and CBD markets thr...Show More

Ethical Profile

Mixed.

Village Farms International's ethical standing presents a mixed picture. The company faced a significant data breach in December 2023, allegedly impacting around 35.5 million consumer records. Furthermore, auditors issued an adverse opinion due to material weaknesses in internal controls over financial reporting. Shareholder concerns were also evident with a notable 24% opposition to the Say-on-Pay vote. On a positive note, approximately 70% of Village Farms' ethical claims are independently verified. The company also highlights environmental efforts, including utilizing hydroponic water reuse and operating a renewable natural gas facility.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-30
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities10
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-40
-100100

Better Health for All

0

The provided articles explicitly state that no specific data is available for any of the health-related metrics, including health impact of products, revenue from potentially harmful products, safety record, pricing accessibility, vulnerable reach, risk transparency, health innovation investment, health externalities, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, pharma patent flexibility, nutrition and food safety, healthcare education, addiction mitigation, or clinical trial ethics.

1
Therefore, no KPIs can be scored based on the evidence provided.

Fair Money & Economic Opportunity

0

Village Farms International, Inc. is primarily an agricultural and cannabis production company, not a financial institution. The company does not offer lending, deposit, or other financial services to consumers.

1
Therefore, all KPIs related to financial products, services, fees, and customer financial outcomes are not applicable to its business model. The company's initiatives, such as the BBCA program for food accessibility and student education, or advocating for CEA training programs, do not fall under the scope of financial inclusion or economic opportunity as defined by the rubric for financial services.
2
There is no evidence in the provided articles to suggest any involvement in financial services or initiatives that would directly impact fair money and economic opportunity as defined by the rubric.
3

Fair Pay & Worker Respect

0

No evidence available to assess Village Farms International, Inc. on Fair Pay & Worker Respect.

Fair Trade & Ethical Sourcing

0

No specific, quantitative data was found in the provided articles regarding Village Farms International, Inc.'s fair trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical sourcing clauses in supplier contracts, share of spend on high-risk materials, or procurement budget directed to diverse suppliers.

1
The articles consistently indicate a lack of information for all relevant KPIs under the 'Fair Trade & Ethical Sourcing' value.

Honest & Fair Business

-30

The company has a formal Code of Ethics and Whistleblower Policy, available on its website, which applies to all employees, officers, and directors.

1
It provides anonymous reporting channels, ensures confidentiality, and explicitly prohibits retaliation, noting it is an offense under Canadian law.
2
The policy outlines reporting channels including supervisors, HR, the Audit Committee Chair, CFO, and CEO, and requires annual acknowledgment from executive and senior management.
3
However, there is no evidence of program effectiveness metrics like uptake rates or resolution times. The company indicated a correction of an error to previously issued financial statements in a recent filing and identified a material weakness in internal controls over financial reporting, resulting in an adverse auditor opinion.
4
This suggests at least one restatement in the past year. A majority of the board must be independent, and the chairperson must be an independent director.
5
The Corporate Governance & Nominating Committee reviews and approves material related-party transactions and potential conflicts of interest.
6
The company has an Ethics and Compliance team and a Code of Ethics that prohibits bribes and kickbacks, and requires compliance with all laws, rules, and regulations of the countries in which it does business.
7
Balanced Health Botanicals, a subsidiary, has U.S. Hemp Authority Certification and Generally Recognized as Safe designation for its products, and Pure Sunfarms' Delta 3 cannabis facility received EU GMP certification.
8
The external auditor, PricewaterhouseCoopers LLP, provides audit services.
9

Kind to Animals

0

The company's core business of greenhouse-grown produce and cannabis inherently involves zero animal inputs, making the ethical input substitution KPI not applicable.

1
The company does not source eggs, meat, or dairy, rendering the cage-free sourcing KPI not applicable.
2
While bumble bees are used for pollination, the company does not engage in animal agriculture operations, making the animal agriculture ethics KPI not applicable.
3

No War, No Weapons

0

The company's core business is greenhouse-grown produce and cannabis, with no evidence of involvement in arms manufacturing, military contracts, or conflict facilitation.

1
No specific data points were found in the provided articles to score any of the KPIs related to war, weapons, or peacebuilding initiatives.
2
The company's operations are not in sectors typically associated with these risks, leading to N/A scores for relevant KPIs.

Planet-Friendly Business

0

The provided articles primarily focus on financial performance and operational updates, with limited specific, quantitative data on planet-friendly business practices. While some articles mention general environmental efforts like water recirculation in hydroponic systems and the start-up of a renewable natural gas (RNG) production facility, they do not provide the specific metrics required by the rubric (e.g., total emissions, percentage of renewable energy consumed, water use per revenue, or investment percentages in climate initiatives).

1
Therefore, no KPIs can be scored based on the available evidence.

Respect for Cultures & Communities

10

The company has 7 formal partnerships with local community groups, including the Big Bend Conservation Alliance, 5 local schools, and Military Makeover.

1
This number falls between the defined tiers, so the score defaults to 0. No cultural appropriation incidents have been reported.
2
The company has a Code of Ethics and Whistleblowing Policy with an anonymous reporting mechanism, which serves as a standard grievance process.
3
Over 90% of operations, including Pure Sunfarms' Delta greenhouses and Rose LifeScience's Quebec facility, have documented social license to operate through measures like blackout curtains to reduce light pollution, special filtration to minimize odors, and environmental rebates for energy-efficient design.
4
The company makes diverse charitable contributions to organizations such as the Canadian Cancer Society, American Lung Association, Wounded Warrior Fund, NAACP education fund, Rotary clubs, hospitals, and community art outreach activities, and donated $10,000 to support victims of the Uvalde, Texas tragedy.
5
However, the percentage of revenue donated to cultural heritage organizations is not specified, leading to a score of 0 for this KPI.

Safe & Smart Tech

0

Village Farms International reported no material cybersecurity events in 2024 that significantly affected its business.

1
The company educates its entire workforce on online safety and identifying potential cybersecurity threats, including how to report suspicious activity.
2
They implement multi-factor authentication, endpoint threat detection and response, identity and access management, privileged access management, and security information and event management.
3
The company also utilizes vulnerability and patch management, informed by external and internal threat intelligence.
4
Village Farms collects only personal information directly provided or through site features, and if used for decisions, it is retained for at least one year, after which it is anonymized or destroyed unless further consent is obtained.
5
The company's contracts with suppliers require privacy protection comparable to its own and compliant with provincial and federal privacy legislation.
6
Users retain the choice to provide personal information or withdraw consent for its use or disclosure.
7

Zero Waste & Sustainable Products

-40

In 2009, Village Farms was cited for the unauthorized disposal of approximately 350 tons of baled tomato plants, resulting in a $4,600 penalty and a Supplemental Environmental Project.

1
The company utilizes hydroponic growing methods, which deliver 20-30 times more yield per acre compared to outdoor growing, representing a 97% reduction in land use for the same yield.
2
The company aims to introduce new technologies to be greener in the future.
3
For its Sensational Sara and Maverick Mix tomatoes, packaging includes a QR code guiding consumers on separating the film from the box for composting and recycling.
4
The company requires all hemp utilized by its subsidiary BHB to be non-GMO and pesticide-free, and tested for compliance.
5

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.