Change The World Company by Fortune recognizes innovative companies that have made an important social or environmental impact through their profit-making strategy and operations this year. InFarm & AeroFarms are both ranked 32 in this year’s list.
Fortune’s Change the World list, “recognizes companies that have had a positive social impact through activities that are part of their core business strategy,” says Fortune in their press release. “As we assess nominees, among the factors that matter most are:
- Measurable social impact: We consider the impact of the company’s reach, nature, and durability on one or more specific societal problems.
- Business results: We consider the benefit of socially impactful work to the company. Profitability and contribution to shareholder value outweigh the benefits to the company’s reputation.
- Degree of innovation: We consider how innovative the company’s effort is relative to that of others in its industry and whether other companies have followed its example or partnered with it.”
“This Change The World honor reinforces AeroFarms’ award-winning legacy to build and scale our business as a force for good,” says David Rosenberg, AeroFarms CEO and Co-Founder. “We have been transforming agriculture with people and the planet in mind, using the latest breakthroughs in indoor vertical farming, artificial intelligence, and plant biology to fix our broken food system. This award is a testament to our team’s commitment to our broader mission.”
Recent weeks have been rather active for AeroFarms as they opened the world’s largest aeroponic smart farm in Danville, Virginia, and further the construction of their research center based in Abu Dhabi, UAE. The company as well signed an MoU with Silal Farms to further their research in the country.
InFarm on the other hand, released their sustainability impact paper earlier this year while opening many farms in the UK, in the US, a soon-to-be-opened farm in Danemark, a partnership with retail giant IKEA, a partnership with Carbmee to track their carbon emissions, a partnership with Wageningen University to further crop research and, a planned smart farm in Qatar following last years’ funding round provided by the Qatar Investment Authority.
During this year’s Zenith Global Vertical Farming Congress in Brussels, both companies signed the industry’s first vertical farming manifesto engaging for further sustainable practices and accountability.
To discover the rest of the Change The World list, please click here.
Image representing AeroFarm & Infarm facility. Collage by iGrow News.