Where Food Comes From, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainability
Social Achievements
- Approximately 78% of our workforce is comprised of female and other minority employees.
Climate Goals & Targets
Environmental Challenges
- Increasing inflation and economic uncertainty, including a tight labor market and higher labor and benefit costs.
- Weakened demand in the professional services business segment due to significant customer concentration.
- Changing weather patterns and other environmental factors negatively impacting customers' operations and herd sizes.
- Increased scrutiny and changing expectations from stakeholders with respect to the Company’s ESG practices.
Mitigation Strategies
- Actively marketing sustainability solutions and services to new customers.
- Commitment to innovation, diversification of product offerings, and managing profitability to minimize the impact of adverse changes in regulations or verification standards.
- Closely monitoring the situation and reacting accordingly to any future restrictions or limitations.
- Creating innovative solutions that mitigate the risk of transferring disease.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Drought