Working Lands Enterprise Fund (WLEF)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Economic Development
- Job Creation
- Environmental Protection
- Rural Community Development
Environmental Achievements
- Reduced plastic waste at Fort Waite Farm through improved feed storage.
- Improved forest health at Giddings Hill Forest Products through cut-to-length logging.
- Removal of decaying plastic tubing system at Mud City Farm.
Social Achievements
- Supported 51 working lands businesses with $2,188,773 in grants, leveraging $2,112,003 in matching funds.
- Created 540 new jobs cumulatively since 2012.
- Provided business planning for women-owned working lands businesses through Center for Women & Enterprise grant.
- Supported the growth of Mama's Farm, a business serving the New American community.
Governance Achievements
- The Working Lands Enterprise Board (WLEB) administered the program, comprised of representatives from various Vermont agencies and the agriculture and forestry sectors.
Climate Goals & Targets
Environmental Challenges
- Climate change impacts on logging operations (Giddings Hill Forest Products).
- Increased costs affecting businesses.
- Limited access to energy efficiency grants for farmers.
- Labor shortages in the agriculture sector.
Mitigation Strategies
- Provided grants to support the adoption of cut-to-length logging (Giddings Hill Forest Products).
- Increased maximum funding request for Business Enhancement Grants.
- Partnered with Clean Economy Works to provide technical assistance to farms for accessing energy efficiency grants.
- Supported infrastructure improvements to increase efficiency and reduce labor demands (Mama's Farm, Fort Waite Farm).
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Severe weather impacting logging operations