Hydrofarm Holdings Group (HYFM) ESG Score & Sustainability Data

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$0.96

+0.01 (+1.05%)

(As of 04/15/2024 ET)

Key ESG Takeaways for Hydrofarm Holdings Group

The key takeaways are AI-generated and highlight the main contributors behind the net impact scores of Hydrofarm Holdings Group. The insights are based on millions of scientific articles, along with the company-specific product and service portfolio.

Hydrofarm seems to create the most significant positive value in categories , , and . The positive contribution in the impact category is mostly driven by its Hydroponic systems, Fertilizers, and Growing media products.
Hydrofarm uses resources or causes negative impacts mostly in categories , , and Non-. The largest negative impact of Hydrofarm in category seems to be driven mostly by its Hydroponic systems, Fertilizers, and Air conditioners products.
To improve its net impact, a company can either grow its positive impacts, or reduce its negative impacts. For example, by doubling its Hydroponic systems business, Hydrofarm would improve its net impact ratio by 7 percentage points.

HYFM Impact Ratio

Net impact ratio represents the net impact of a company. It is defined as the (positive impacts - negative impacts) / positive impacts. The maximum value for net impact ratio is 100%, representing a theoretical company with no negative impacts. The minimum value is -∞. Net scores depend on the value sets that determine the importance of different impact categories.

-10.6%

The default value set, where each category is given the same weight.

Value Sets Value sets can be used to assess how different stakeholder values or emphasis on certain values might affect the net impact ratio.

Millennials Value set of millennials (b. 1980 - 1999), based on Upright's annual Impact at Work survey.: +20.6%
Most Wanted Workforce Value set of the most wanted workforce, based on Upright's annual Impact at Work survey.: -34.4%
Society First Value set that emphasizes society impacts over other impacts.: -3.8%
Knowledge First Value set that emphasizes knowledge impacts over other impacts.: -19.8%
Health First Value set that emphasizes health impacts over other impacts.: +15.5%

Hydrofarm Holdings Group ESG Score + Net Impact Profile

Negative	Score	Positive
-0.08	+2.43	+2.52
	+0.65	+0.65
	+1.12	+1.12
	+0.74	+0.74
-0.07	-0.06	+0.01
-0.01	-0.01	+0.00
-0.45	-0.44	+0.00
	+0.00	+0.00
	+0.00	+0.00
-0.00	+0.00	+0.00
-0.45	-0.45
-0.42	+0.73	+1.15
-0.34	-0.12	+0.22
-0.06	-0.04	+0.02
	+0.77	+0.77
-0.01	+0.01	+0.01
-0.02	+0.11	+0.13
-3.43	-3.14	+0.29
-1.52	-1.35	+0.17
-0.51	-0.47	+0.04
-0.21	-0.19	+0.02
-0.74	-0.71	+0.03
-0.46	-0.42	+0.04

Upright Model Version 1.4.0
ESG Data Last Updated: March 20, 2024

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About Upright's Net Impact Model

Upright's Net Impact Data quantifies the holistic value creation and impact of companies. It details both the negative and positive impacts a company has on the environment, health of people, society and knowledge, and forms a net sum of these costs and gains based on the economic costs of each impact category. The data is produced by Upright's Net Impact model, which is a mathematical model of the economy that produces continuously updated estimates of the net impact of companies by means of an information integration algorithm. The data is primarily sourced from the CORE open access database, which contains over 200 million scientific papers. Other sources of data include open databases published by the World Bank, IMF, WHO, OECD, IPCC, CDC and USDA.

Hydrofarm Holdings Group ESG Score - Frequently Asked Questions

How is Hydrofarm Holdings Group doing in terms of sustainability?: According to The Upright Project, which measures holistic value creation and impact of companies, Hydrofarm Holdings Group has a net impact ratio of -10.6%, indicating an overall negative sustainability impact. Hydrofarm seems to create the most significant positive value in the categories of Taxes, Nutrition, and Societal infrastructure. Hydrofarm uses resources or causes negative impacts mostly in the categories of GHG emissions, Biodiversity, and Non-GHG emissions. Learn more on the sustainability of Hydrofarm Holdings Group.

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This page (NASDAQ:HYFM) was last updated on 4/16/2024 by MarketBeat.com Staff

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Hydrofarm Holdings Group (HYFM) ESG Score & Sustainability Data

Key ESG Takeaways for Hydrofarm Holdings Group

HYFM Impact Ratio

Value Sets Value sets can be used to assess how different stakeholder values or emphasis on certain values might affect the net impact ratio.

Hydrofarm Holdings Group ESG Score + Net Impact Profile

About Upright's Net Impact Model

Hydrofarm Holdings Group ESG Score - Frequently Asked Questions

More ESG Stocks and Research Tools

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Hydrofarm Holdings Group (HYFM) ESG Score & Sustainability Data

Key ESG Takeaways for Hydrofarm Holdings Group

HYFM Impact Ratio

Value Sets Value sets can be used to assess how different stakeholder values or emphasis on certain values might affect the net impact ratio.

Hydrofarm Holdings Group ESG Score + Net Impact Profile

Society

Knowledge

Health

Environment

About Upright's Net Impact Model

Hydrofarm Holdings Group ESG Score - Frequently Asked Questions

More ESG Stocks and Research Tools