Freshpet, Inc..
FRPT.US | Manufacture of prepared animal feeds
Freshpet, Inc. is a pet food company focused on manufacturing and marketing refrigerated pet food for dogs and cats. They offer a range of products including dog food, cat food, and treats, all made with fresh, natural ingredients. The company's products are sold in various retail channels, includin...Show More
Better Health for All
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The provided article describes Freshpet's products, ingredients, sustainability efforts, and company values, emphasizing the health benefits of its refrigerated pet food.
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However, it does not contain any specific quantitative data, percentages, or concrete metrics required by the rubric to score any of the 'Better Health for All' KPIs.
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There is no information on product health impact percentages, harmful revenue share, safety records, pricing accessibility, vulnerable population reach, risk transparency, health innovation investment, health externalities, health equity programs, healthcare workforce support, preventative health measures, healthcare data responsibility, global health crisis response, mental health initiatives, or nutritional quality percentages.
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Therefore, no KPIs can be scored based on the evidence provided.
Fair Money & Economic Opportunity
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No evidence available to assess Freshpet, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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Freshpet's CEO to median employee pay ratio in 2023 was approximately 22:1.
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The company reported a greater than 30% reduction in total reported incidents between 2022 and 2023, and experienced its longest stretch without a lost-time injury since 2018.
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However, Freshpet had three workplace safety or health violations between 2015 and 2023, with penalties totaling $27,611, including one in 2023 for $6,697.
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The company also had two benefit plan administrator violations in 2018 and 2023, with penalties totaling $60,002, including one in 2023 for $50,001.
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In 2022, the employee engagement survey achieved a total engagement index of 78% with a 66% participation rate.
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The 2023 pulse survey Net Promoter score was 8.2.
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Salaried employee turnover was 9.73% and hourly employee turnover was 23%.
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The company states it offers industry-leading healthcare equitably for every employee, with 90-95% comprehensive coverage.
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Fair Trade & Ethical Sourcing
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No evidence available to assess Freshpet, Inc. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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No specific quantitative evidence was provided in the article to assess Freshpet, Inc. against the defined KPIs for Honest & Fair Business.
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The article mentions corporate governance structure, committee charters, codes of ethics, and sustainability reports, but lacks any measurable data regarding regulatory fines, transparency index scores, whistleblower policy effectiveness, financial restatements, audit coverage, ESG controversies, complaint resolution times, board independence, anti-corruption policy enforcement, or third-party verification of ethical claims.
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Kind to Animals
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The provided articles do not contain specific, quantifiable data points for any of the 'Kind to Animals' KPIs. While there is mention of Global Animal Partnership (G.A.P.) certification for poultry and turkey ingredients, this information is presented as a quantity of pounds or for a specific product line (Nature's Fresh), not as a percentage of all animal-related operations or total animal product sourcing.
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There is no data on cruelty-free certifications, alternative testing methods, wildlife conservation impact, ethical input substitution, supplier audits for welfare compliance, animal testing policies or volumes, or R&D investment in animal-free technologies for the company as a whole.
No War, No Weapons
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The provided article focuses exclusively on Freshpet's environmental sustainability initiatives, detailing metrics such as 71.5K metric tons of CO2e emissions prevented from renewable energy and 50 million gallons of water saved from wastewater reuse.
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It also mentions efforts in packaging reduction and antibiotic-free chicken.
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However, the article contains no information or data points relevant to Freshpet's involvement in arms manufacturing, military contracts, conflict facilitation, or peacebuilding initiatives. Therefore, no KPIs under the 'No War, No Weapons' value can be assessed based on the evidence provided.
Planet-Friendly Business
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Freshpet states that all its waste is reused, recycled, or transformed into energy, indicating a 100% waste diversion rate.
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The company has no mentioned regulatory actions, violations, fines, or compliance issues in the provided articles. Freshpet was introduced to the Task Force on Climate-related Financial Disclosures (TCFD) for risk assessment and mitigation planning, indicating that TCFD alignment is planned.
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Respect for Cultures & Communities
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No evidence available to assess Freshpet, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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No evidence available to assess Freshpet, Inc. on Safe & Smart Tech.
Zero Waste & Sustainable Products
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Freshpet's kitchens are landfill-free, with all waste being reused, recycled, or transformed into energy, indicating a 100% waste diversion rate.
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The company has implemented waste reduction initiatives, including cardboard recycling that prevented 3.5K metric tons of CO2e emissions, saved 7.1M gallons of water, and 17.4K trees.
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Freshpet uses significantly less packaging, with a ratio of 2-10g per 30lb dog daily compared to competitors' 80-120g.
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The company has a target to achieve 90% recyclable packaging materials by 2026 and aims for 100% regeneratively sourced ingredients by 2025.
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