Trulieve Cannabis Corp.
Climate Impact & Sustainability Data (2020, 2021)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Climate Change
- Health & Safety
- Diversity, Equity and Inclusion
- Community Engagement
- Environmental Sustainability
Environmental Achievements
- Recycles cardboard, metal, pallets, electronic waste and batteries; diverts organic waste to compost; implements water efficiency and recycling in cultivation process; designs facilities and dispensaries to minimize carbon emissions; strategically locates dispensaries to reduce patient travel and associated emissions.
Social Achievements
- Implemented COVID-19 safety measures including special store hours, curbside pickup, and dedicated pickup locations; ~42% of employees are minorities, with approximately 17% holding leadership roles; established a DEI committee; partnered with organizations like Minorities 4 Medical Marijuana and the National Cannabis Roundtable; awarded several diversity and inclusion awards.
Governance Achievements
- Incorporating ESG risks into business management; assessing the financial materiality of ESG factors; engaging with internal stakeholders and investors; utilizing ESG frameworks like SASB and GRI to guide assessment.
Climate Goals & Targets
Environmental Challenges
- Minimizing environmental impact of cannabis cultivation, processing, and sales; addressing climate change; maintaining health and safety during COVID-19.
Mitigation Strategies
- Implementing various environmental initiatives (recycling, water efficiency); implementing COVID-19 safety measures (special store hours, curbside pickup, etc.); strategic dispensary location selection to reduce emissions.
Supply Chain Management
Responsible Procurement
- Commitment to sourcing local materials and labor wherever possible
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, GRI
Awards & Recognition
- Tampa Bay Business Journal— Business of Pride award (2020)
- Diversity and Inclusion Champion of the Year Award from Minorities 4 Medical Marijuana (2018)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Corporate Governance
Environmental Achievements
- 100% Reclaimed water at our greenhouses
- A number of our greenhouses do not require any electricity to operate and do not contain any fans or lights
- Trulieve recycles cardboard, metal, pallets, electronic waste and batteries and diverts organic waste to compost
- 74% of our stores utilize a recycling program
Social Achievements
- Diversity, Equity & Inclusion (DEI) Committee develops and oversees the implementation of policies and initiatives
- Goal is to promote diversity, equity, and inclusion in four core areas: Workforce Development, Events & Partnerships, Supplier Diversity, and Social Equity
- TruVets program
- Local community engagement
- Investment and jobs creation in majority minority communities
- Patient advocacy and support
Governance Achievements
- 50% Of our board members are women
- 88% of our directors are independent
- Lead Director structure
- Annual election
- Majority independent directors
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing state, local or other licenses
- engaging in activities which currently are illegal under United States federal law and the uncertainty of existing protection from United States federal or other prosecution
- regulatory or political change such as changes in applicable laws and regulations, including United States state-law legalization, particularly in Florida, due to inconsistent public opinion, perception of the medical-use and adult-use cannabis industry, bureaucratic delays or inefficiencies or any other reasons
- any other factors or developments which may hinder market growth
- reliance on management
- the effect of capital market conditions and other factors on capital availability
- competition, including from more established or better financed competitors
- the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supplier Diversity
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI, SASB, UN Sustainable Development Goals
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed