Aaron's Inc..
AAN.US | Renting and leasing of other machinery, equipment and tangible goods
Aaron's, Inc. is an omnichannel provider of lease-purchase solutions. The Company specializes in the sales and lease ownership of furniture, electronics, appliances, and computers through its approximately 1,220 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerc...Show More
Better Health for All
0
Aaron's Inc.'s principal goods and services, which include furniture, electronics, appliances, and computers, have no significant direct positive or negative health impact, resulting in a neutral effect on health outcomes. The company's operations do not involve health-related R&D, health data management, or products with inherent health risks or addiction potential. While Aaron's engages in philanthropic activities, such as donating $10 million to Boys & Girls Clubs of America since 2015
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, $25,000 to Mission 22 for veteran mental health
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, and other donations to organizations supporting youth mental health, the provided evidence does not include quantitative metrics like percentage of revenue allocated to these programs or the measurable population-level impact required by the rubric to assess health equity, mental health initiatives, or vulnerable population reach.
Fair Money & Economic Opportunity
50
Aaron's Inc.'s core business model is to provide lease-purchase solutions for furniture, electronics, appliances, and computers to customers who may not have the credit or cash to purchase items outright.
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This model explicitly serves underserved segments, including unbanked and credit-challenged customers.
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As such, the company's entire business portfolio is dedicated to financial inclusion for these populations.
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Fair Pay & Worker Respect
-30
The company's voluntary employee turnover rate was reported at 227%.
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The CEO's total compensation was 154 times the median employee compensation of $37,498.
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Employee engagement, based on Glassdoor ratings, stands at 3.1 out of 5 stars.
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Fair Trade & Ethical Sourcing
-30
Aaron's does not have a formal on-site audit process for its overseas suppliers, and no formal on-site verification or audit processes are currently in place for these suppliers.
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However, Aaron's requires all its supply chain members to sign a Master Supplier Agreement that includes comprehensive ethical-sourcing clauses.
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These clauses cover prohibitions on child labor, forced labor, human trafficking, slavery, harassment, discrimination, and requirements for fair compensation, appropriate working hours, health and safety, and safe housing.
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The company reserves the right to terminate business relationships with vendors found in violation of these requirements.
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Honest & Fair Business
-10
The company incurred $3.4 million in civil penalties and fees related to a California settlement for consumer protection and privacy law violations, including overcharging customers and installing spyware.
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A formal whistleblower protection policy is in place, featuring multiple reporting channels, including an anonymous, 24/7 hotline administered by an independent third-party.
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The policy prohibits retaliation and ensures confidentiality, with concerns investigated promptly and thoroughly.
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No financial restatements have been indicated, and the company has a policy to recoup executive awards if consolidated financial statements are restated.
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75% of the Board of Directors are independent, with the Chairman and Chief Executive Officer identified as non-independent.
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A comprehensive anti-corruption policy is in place, prohibiting domestic and foreign bribery, commercial bribery, and mandating compliance with the U.S. Foreign Corrupt Practices Act (FCPA).
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It also sets a $500 limit on gifts to clients and vendors over a 12-month period.
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However, specific details on enforcement or training records for this policy are not provided.
Kind to Animals
10
Aaron's Inc. is classified as having 'No Animal Exploitation' by crueltyfreeinvesting.org.
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Given its business model of selling furniture, electronics, appliances, and computers, this indicates that animal testing, animal-derived inputs, animal agriculture, and related supplier audits are not applicable to its operations, resulting in N/A scores for several KPIs. Specifically, no animals are used in testing, and there is no in-house or contracted animal testing. The company also has zero animal inputs and no animal husbandry or captive operations. Aaron's Foundation has supported animal welfare, providing grants of $500 in 2023
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and $1,000 in 2022
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to Puppies Behind Bars, and $1,000 in both 2022
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and 2023
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to Community Angel Network for spay/neuter clinics, vet bills, and vaccinations. Additionally, Aaron's employees have volunteered at Furkids Animal Rescue.
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No War, No Weapons
0
Aaron's Inc. operates a retail and lease-to-own business for consumer goods, including furniture, electronics, appliances, and computers.
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The company's 2023 Form 10-K explicitly states that its business is not related to arms or defense contracts.
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There is no evidence that its products are developed or sold with military applications, indicating no dual-use technology.
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As a result, the company is not subject to Arms Trade Treaty declarations.
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While the company monitors its internal computer systems and employee emails, there is no evidence of involvement in external intelligence or surveillance contracts.
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Planet-Friendly Business
0
The company has undertaken several initiatives to reduce its environmental impact. It saved over 1.7 million KWH through an Efficient Energy Project
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and nearly 2 million kilowatt hours in electricity savings from 12 energy improvement projects since 2010, which involved a total investment of $1.9 million.
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One building saw a 90% reduction in lighting costs after installing LED lights and motion sensors.
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The company also cut natural gas consumption in half by channeling heat from plastic melting equipment to provide winter heat.
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Additionally, it reclaims plastic trash and transforms it into new products.
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including a recycled polystyrene made of half post-industrial and half post-consumer recyclables.
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The company partners with National Grid and Leidos Engineering to investigate the potential effects of big investments.
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Respect for Cultures & Communities
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Aaron's Inc. has no reported cultural appropriation incidents.
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The company's operations do not appear to impact cultural contexts, and there is no mention of a specific cultural impact assessment protocol.
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Free, Prior, and Informed Consent (FPIC) processes are not applicable to the company's operations, and no indigenous suppliers are mentioned.
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There are no reported incidents disrupting cultural or heritage sites, and no cultural incidents requiring a response have been mentioned.
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Safe & Smart Tech
-40
The company incurred $3.4 million in civil penalties and fees as part of a settlement with California related to alleged consumer protection and privacy law violations, including installing tracking software.
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This also indicates a failure in regulatory compliance. The company requires mandatory security and privacy training for all employees and conducts periodic phishing simulations to test responses and inform targeted training.
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It complies with the Payment Card Industry Data Security Standard (PCI DSS).
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The privacy policy, reviewed and revised January 15, 2025, outlines user rights for consumers in certain U.S. states and Canada, including rights to know, access, delete, correct, opt-out of "sales"/"shares"/targeted advertising, and appeal.
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It honors alternative opt-out signals like the Global Privacy Control in a frictionless manner.
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However, the company engages in targeted advertising and does not currently respond to Do Not Track (DNT) signals on its websites.
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Zero Waste & Sustainable Products
-40
Aaron's provides recycling resources for used electronics and televisions on its website, including state-specific recycling requirements and recommendations.
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This offers basic disposal information for some of its product categories.