HEMP INC.
Climate Impact & Sustainability Data (2015, 2019, 2020-03-31, 2021)
Reporting Period: 2015
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
- Sustainable Business Practices
Environmental Achievements
- Construction of a multipurpose industrial hemp processing facility in Spring Hope, NC, the only commercial, industrial hemp decortication facility in the United States.
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Reduction in revenue for year-end 2015 due to a shift in focus towards industrial hemp processing.
- Weather delays (above-average rainfall) in North Carolina affecting the construction of the decortication facility.
Mitigation Strategies
- Executives expect significant revenue from the new decortication facility to offset the losses.
- Despite weather delays, the company installed a 60-foot tall silo for storing loss circulation material.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Loss circulation material (LCM) for the oil and drilling industries.
Awards & Recognition
- Not disclosed
Reporting Period: 2019
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 (Veteran support, community development)
- Not disclosed
Environmental Achievements
- Built environmentally sustainable 85,000 sq ft hemp processing facility in Spring Hope, NC
- Developed DrillWall™ (loss circulation material) and Spill-Be-Gone™ (oil spill absorbent) from kenaf-hemp blend
Social Achievements
- Employed over 200 employees in 2018 and over 300 in 2019 at Oregon processing center
- Established Veteran's Village Kins Community (VVKC) in Arizona, preparing land for hemp cultivation
- Hosted Hempathon at VVKC, offering hemp growing contest and educational classes
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Fulfill $1 million sales agreement for DrillWall™ by end of 2020
Environmental Challenges
- SEC civil suit alleging fraudulent stock registration
- Not disclosed
Mitigation Strategies
- Actively fighting the SEC lawsuit, anticipating trial in summer 2021
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- DrillWall™, Spill-Be-Gone™
Awards & Recognition
- Not disclosed
Reporting Period: 2020-03-31
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 (Veteran support, community development)
- Governance
Environmental Achievements
- Built the largest industrial hemp processing center in the Western Hemisphere, focusing on environmentally sustainable practices.
- Developed all-green natural products like DrillWall™ and Spill-Be-Gone™.
Social Achievements
- Established the Veteran Village Kins Community to provide housing, training, and economic opportunities for veterans.
- Created the Hemp University to educate farmers and entrepreneurs on industrial hemp cultivation and business practices.
- Employed over 200 employees in Oregon during the 2018 harvest and over 300 in 2019.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- COVID-19 pandemic impacted sales and supply chains.
- Legal challenges with the SEC.
Mitigation Strategies
- Recalibrated sales strategies to adapt to the pandemic.
- Continuing to fight the SEC lawsuit.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- DrillWall™, Spill-Be-Gone™, hemp bioplastics
Awards & Recognition
- Not disclosed
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
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Established Veteran Village Kins Community in Golden Valley, Arizona to grow hemp and produce CBD and CBG products, benefiting veterans and generating revenue.
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed