B Impact Report

Logo for Charlotte's Web Holdings, Inc

Charlotte's Web Holdings, Inc

Novel and innovate products derived from Industrial Hemp and other botanicals.
Certified Since: August, 2020
Location: Boulder, Colorado, United States
Sector: Agriculture/Growers

Overall B Impact Scoreinfo_outline

92.8

The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment

www.charlottesweb.com

Every day at Charlotte’s Web they live their mission to unleash the healing powers of botanicals with compassion and science. Charlotte's Web Holdings, Inc. is a socially and environmentally conscious company that weighs sound business decisions with consideration for how its business efforts impact its employees, customers, farmers, the environment, and diverse and underserved communities.

Publicly traded Charlotte’s Web is the market leader in hemp CBD products including tinctures, capsules, gummies, balms, and pet products sold online and in more than 21,000 retail doors. Their goal is to build and retain trust in the company through fully transparent actions, from organic and regenerative farming practices, to testing every Charlotte’s Web product lot 20+ times from seed to final product, for quality and efficacy assurance. And, through the CW Labs division, the company invests in and supports precision scientific research to rise the tide for the entire hemp CBD industry.

Founded in 2013 by the seven Stanley brothers with inspiration in the form of one little girl, and the courage of thousands seeking wellness through Charlotte’s Web hemp CBD products, Charlotte’s Web remains committed to pioneering a better future for the planet and all who live upon it.

Additional Documentationinfo_outline

file_downloadCharlotte's Web Transparent Assessment file_downloadCharlotte's Web Disclosure Report

Impact Area Scoresinfo_outline

info_outlineOverall B Impact Score

To certify as a B Corp, a company must achieve a minimum verified score of 80 points on the B Impact Assessment. The B Impact Assessment asks questions about how the day-to-day operations of a company create positive impact for the company’s workers, community, and environment. Additionally, companies can earn further points if their overall business model can be shown to create positive social and environmental impact as well, qualifying the company for specific Impact Business Model points.

Scores for Certified B Corporations are verified by the non-profit B Lab.

info_outlineImpact Area Scores

The questions in the B Impact Assessment are organized into five Impact Areas: Governance, Workers, Community, Environment, and Customers. Click into a Impact Area to see topics covered in each. Topics in blue are Impact Business Models associated with that Impact Area where the company has earned additional credit. Due to rounding, displayed totals may not add up exactly.

The B Impact Assessment is customized to a company's size, sector, and geographic market.  However, within those parameters, there are still questions included in the B Impact Assessment that might not be relevant to a particular company. In cases where a question is not applicable, the potential points available for that question are instead earned based on the performance of the company on the other topics relevant to the stakeholder and summed up as "N/A points." Likewise, a score of N/A for Workers means that the company is a sole proprietor or partnership with no full-time staff, and a score of 0 or N/A for Customers means that the company does not have a specific Customer-focused Impact Business Model.

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info_outlineBest for the World Honoree

Each year, B Lab releases lists honoring the top-performing Certified B Corps in each Impact Area and overall, broken down by size, on the annual Best for the World lists.

info_outlineAdditional Documentation

B Lab may determine that a company should make additional material beyond their B Impact Report transparent in order for the public to be able to evaluate the company’s overall impact. This additional transparency may cover participation in a controversial industry, information shared on the company’s Disclosure Questionnaire, or simply a company’s relationship to a larger complex entity. Public companies and wholly-owned subsidiaries are required to make their full B Impact Assessments transparent to achieve B Corp Certification.