Loop Industries, Inc..
LOOP.US | Manufacture of basic chemicals
Loop Industries, Inc. is a technology company focused on depolymerizing waste polyethylene terephthalate (PET) and polyester fibers into its base building blocks (monomers). These monomers are then purified and repolymerized to create virgin-quality PET plastic and polyester fiber. The company's tec...Show More
Better Health for All
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No evidence available to assess Loop Industries, Inc. on Better Health for All.
Fair Money & Economic Opportunity
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No evidence available to assess Loop Industries, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
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Employee reviews indicate an overall rating of 3.8 out of 5 stars for the company.
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However, reviews also highlight a lack of employer-funded health insurance.
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Additionally, some employees report a 100% commission-based structure with no base pay, and that advertised pay is not always realized.
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Fair Trade & Ethical Sourcing
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Loop Industries states its process results in a fully traceable material, from feedstock to finished product.
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This includes complete traceability from textile waste to Twist™ resin, with embedded chemical tracers allowing tracking of finished products back to original waste textile inputs.
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Honest & Fair Business
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Loop Industries has a Whistleblower Policy document available.
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However, the Board of Directors is no longer comprised of a majority of independent directors, as Mr. Hart's appointment as an executive means the board is no longer majority independent under Nasdaq rules.
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The company's CEO hired a convict, who had previously pled guilty to stock manipulation, to help raise startup capital, and this individual then introduced the CEO to another convict who facilitated the company's first investment.
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The company is also subject to an ESG controversy, with Hindenburg Research submitting findings to regulators and alleging fraud and misleading claims about Loop's technology.
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Kind to Animals
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Loop Industries is a technology company focused on depolymerizing waste PET plastic and polyester fibers into monomers for repolymerization.
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Its core business does not involve animal-derived products, animal testing, animal husbandry, or animal agriculture, making many KPIs not applicable. The company's products (PET resin, polyester fiber) are not animal-derived and do not require cruelty-free certification or animal testing. While Loop Industries innovates in sustainability and the circular economy,
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there is no specific evidence of R&D investment in animal-free technologies or alternatives as defined by the rubric. The company's participation in initiatives like the UN Global Compact, Caring for Climate, CEO Water Mandate, Zero Hunger Challenge, and Business for Peace does not directly relate to animal welfare policy improvement or advocacy.
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Environmental benefits such as saving trees and water are mentioned,
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but no specific, measurable biodiversity impact or species recovery metrics are provided.
No War, No Weapons
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No evidence available to assess Loop Industries, Inc. on No War, No Weapons.
Planet-Friendly Business
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Loop Industries has conducted a Life Cycle Assessment (LCA) on its PET and polyester production technology, comparing it to virgin PET produced from fossil fuels.
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This LCA was performed by an independent third-party, Franklin & Associates.
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The company's core product, Twist™ circular polyester resin, is made from 100% recycled content, specifically from textile waste, and features full traceability using proprietary chemical tracer technology.
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The company's technology also contributes to environmental benefits in packaging, showing up to an 80% reduction in global warming potential compared to virgin polyester production.
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Respect for Cultures & Communities
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The provided articles do not contain specific, concrete data points for any of the KPIs related to 'Respect for Cultures & Communities'. Article 1, the ESG Report, explicitly states a lack of specific data regarding cultural impact assessments and formal partnerships with indigenous or local communities.
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The other articles focus on job postings or business acquisitions and do not provide information on community engagement, cultural preservation, local employment ratios, or any other relevant metrics. Therefore, no KPIs can be scored based on the evidence provided.
Safe & Smart Tech
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The provided articles do not contain specific, quantitative evidence for any of the KPIs under the 'Safe & Smart Tech' value. While Article 1 mentions general cybersecurity measures such as data encryption, network security and access controls, and the use of security tools to identify and resolve vulnerabilities in a timely manner, these statements lack the precise data points (e.g., percentages of data encrypted, MFA availability, patching timeframes, or scope of testing) required by the rubric's quantitative thresholds.
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Similarly, mentions of compliance with product-related standards (USP, Ph.Eur., REACH, GRS) in Articles 0 and 2 do not align with the 'privacy_certifications' or 'regulatory_compliance' KPIs' focus on privacy regulations (GDPR, CCPA).
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There is no information regarding data breaches, AI ethics, security training, data minimization, or digital rights advocacy.
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Zero Waste & Sustainable Products
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Loop Industries' core technology produces 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, which is endlessly recyclable.
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The materials produced by their technology contain 100% recycled content.
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The company's Infinite Loop™ fiber-to-fiber recycling technology represents a closed-loop system, pioneering circular design principles in the fashion industry.
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A specific waste reduction initiative mentioned is the diversion of colored, multi-material textile waste from incineration.
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