Vital Farms Inc

VITL:US US92847W1036
Key Information
HQ:
United States
Market Cap:
$0.66bn
Primary Market:
North America



Company Information

Company Summary

Vital Farms is a US-based producer that offers a range of egg and dairy products. The company sources its eggs from small farms across the country, where the animals are raised on pasture. The Company sources its eggs and cream for its products from the Company’s network of family farms. Vital Farms is a certified B-corporation, it's products are certified humane and non-GMO, and the company is committed to sustainable and ethical farming practices. The Company's products are sold under the trade names Vital Farms and RedHill Farms, primarily to retail and foodservice channels in the United States.
Vital Farms

Revenue

Total revenue:

$0.3bn

Revenue by Geography

Revenue by Protein

Revenue by Product Type

Note: This financial breakdown is based on Annual reports released in 2022, containing, in most cases, FY2021.


Disclosures

CDP ScoresLast Reviewed: 11/10/2023

CDP ClimateCDP ForestsCDP Water
NoNoNo

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
Has not set SBT--

Coller FAIRR Protein Producer Index

Analysis Overview

Index-Radar-2023
Greenhouse Gas Emissions Deforestation & Biodiversity Water Use & Scarcity Waste & Pollution Antibiotics Animal Welfare Working Conditions Food Safety Sustainability Governance Alternative Proteins

Analysis Breakdown

Risk Score

46/100
Medium Risk



Greenhouse Gas Emissions

26/100

Scope 1, 2 & 3 Target
25/100
Type of Target
0/3
Strength of Target - Non-SBT
1.25/2
Source(s): Sustainability Report 2023, page 6, 11, 22, 23, 28, 36; Vital Farms 2023 Impact Report.pdf, page 23

Innovation on GHG Emission Reduction
20/100
Innovation to Reduce Agriculture Emissions
1/1
Feed Farming Innovation
0/2
Animal Farming Innovation
0/2
Source(s): 0323-VF-ImpactReport-FINAL.pdf, page 29; Sustainability Report 2022, page 28

Quality of GHG Inventory
70/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
2/2
Transparency of GHG Inventory
0/1.5
Source(s): Form 10-K, page 47; Sustainability Report 2023, page 21, 22

Emissions Performance
5/100
Overall Emission Performance
0.25/5
Source(s): Sustainability Report 2022, page 65; Sustainability Report 2023, page 21, 22, 70

Climate-related Scenario Analysis
10/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
0.5/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Form 10-K, page 22, 33; TCFD Disclosures 2022, page 3, 53



Deforestation & Biodiversity

3/100

Deforestation/Conversion-free Target - Soy for Animal Feed
0/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
0/3.25
Transparency - Progress Against Commitment
0/1.25
Source(s): Form 10-K, page 22, 59

Engagement, Monitoring & Traceability - Soy for Animal Feed
5/100
Supplier Engagement
0/1.25
Compliance monitoring & Traceability
0/3.25
Feed Innovation
0.25/0.5
Source(s): Sustainability Report 2023, page 29, 31



Water Use & Scarcity

23/100

Water Use & Scarcity in Facilities
28/100
Monitoring Water Consumption & Withdrawals
0.75/0.75
Target to Reduce Water Consumption & Withdrawals
0/1
Disclosure & Performance of Water Risks in Facilities
0.63/3.25
Source(s): Sustainability Report 2022, page 64; Sustainability Report 2023, page 25, 26, 69, 71

Water Use & Scarcity in Feed Farming
20/100
Supplier Engagement in Water Use in Feed Farming
0/2.5
Disclosure of Water Risks in Feed Farming
1/2.5
Source(s): Sustainability Report 2023, page 28, 71, 73

Water Use & Scarcity in Animal Farming
20/100
Supplier Engagement in Water Use in Animal Farming
1/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Sustainability Report 2023, page 28, 71



Waste & Pollution

14/100

Wastewater at Facilities
10/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
0/2
Performance on Wastewater Quality & Volume Discharged
0/1.5
Source(s): Sustainability Report 2023, page 25, 69

Nutrient Management in Feed Farming
19/100
Supplier Engagement in Nutrient Pollution Risks
0.19/4
Innovation to Improve Nutrient Management in Feed Farming
0.76/1
Source(s): Sustainability Report 2023, page 8, 28, 29, 31

Manure Management in Animal Farming
13/100
Disclosure of Pollution Risks from Manure
0.25/1.25
Supplier Engagement in Manure Management
0.38/1.5
Innovation to Improve Nutrient Management in Animal Farming
0/2.25
Source(s): 2023 Impact Report, page 70; Sustainability Report 2023, page 70



Antibiotics

100/100

Policy on Antibiotics Use
100/100
Policy on Antibiotics Use
5/5
Source(s): Sustainability Report 2023, page 8, 28, 70; Webpage - Vital Farms FAQS

Disclosure of Quantity of Antibiotics Used
100/100
Disclosure of Quantity of Antibiotics Used
5/5
Source(s): Sustainability Report 2023, page 28, 70; Webpage - Vital Farms FAQS



Animal Welfare

80/100

Animal Welfare Policy
56/100
Welfare Policy
1/2
Key Welfare Issues
1.8/3
Source(s): Form 10-K, page 86; Sustainability Report 2023, page 8, 28, 32, 33; Webpage - Vital Farms FAQS

Assurance & Certification
94/100
Auditing & Assurance by an Animal Welfare Organisation
3.68/4
Public Reporting on Welfare
1/1
Source(s): Sustainability Report 2023, page 28, 32, 53, 71

Performance on Key Material Risks
92/100
Performance on Key Material Welfare Risks by Protein
4.6/5
Source(s): Sustainability Report 2023, page 28, 71; Webpage - Vital Farms FAQS



Working Conditions

49/100

Human Rights
20/100
Strength of Policy
1/1
Due Diligence Process
0/3
Evidence of Remediation
0/1
Source(s): Human Rights Policy, page 1, 2

Fair Working Conditions
45/100
Policy for Direct Operations
2.25/3
Monitoring & Discosure
0/2
Source(s): Code of Business Conduct and Ethics, page 5; DEI Policy Statement, page 1; Form 10-K, page 14; Human Rights Policy, page 1; Impact Report 2023, page 51; Supplier Code of Conduct, page 1; Sustainability Report 2023, page 68

Safety & Turnover Data
75/100
Committee representation of workers
1.25/2
Disclosure of safety and turnover data
2.5/3
Source(s): 2023 Impact Report, page 70, 71; Health and Workplace Safety Policy, page 1; Sustainability Report 2022, page 31, 66; Sustainability Report 2023, page 71

Freedom of Association
55/100
Strength of Policies
2/3
Disclosure of Collective Bargaining Metrics
0.75/2
Source(s): Form 10-K, page 17; Human Rights Policy, page 1; Supplier Code of Conduct, page 2



Food Safety

88/100

Food Safety System
90/100
Certifications
3/3.5
Performance
1.5/1.5
Source(s): Sustainability Report 2023, page 55, 56, 70

Product Recalls & Market Bans
85/100
Product Recall Systems
2.25/3
Performance
2/2
Source(s): Form 10-K, page 34; Sustainability Report 2023, page 70



Sustainability Governance

33/100

Assessment of a Company's Sustainability Governance
33/100
Board Sustainability
1.13/2
Incentives & Policy Engagement
0/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): Proxy Statement, page 11, 13; Sustainability Report 2023, page 15, 16, 34, 47, 56, 64, 72; Webpage - Board of Directors



Alternative Proteins

0/100

Diversification of Products to Alternative Protein Sources
0/100
Existing product portfolio
0/2.5
Investing for future growth
0/2.5
Source(s):

Members-only supplement

If you would like to view the Analysis Breakdown, sign up to become an investor member or log in to the FAIRR network.