How much of Tattooed Chef’s revenue comes from haram?

Tattooed Chef sells plant-based frozen meals to retailers in the United States.

Practical Islamic Finance concludes:

None of Tattooed Chef’s revenue comes from anything inherently haram.

Does Tattooed Chef rely on interest to operate?

Year to Date
for the period ending
March 31, 2021
Fiscal year ended
December 31, 2020
Fiscal year ended
December 31, 2019
Interest Income$4,289
Total Revenue$52,682$148,492$84,919
Interest Expense $20$735$494
Total Expenses$59,700$157,377$78,663
Interest Income / Revenue5.05%
Interest Expense / Total Expense0.03%0.47%0.63%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

Riba is used but not relied upon in Tattooed Chef’s operations.

What is Tattooed Chef’s Environmental, Social, and Governance (ESG) impact?

Environment

Tattooed Chef does not provide any specific statistics on how their products impact the environment.

However, some studies have shown that plant-based diets can reduce water usage and greenhouse gas emissions compared to meat.

Social

No notable social highlights.

Governance

No notable governance highlights.

Practical Islamic Finance concludes:

Tattooed Chef has a net positive ESG impact.

Comfort Rating

From Tattooed Chef’s business, financial, and ESG reviews, Practical Islamic Finance rates Tattooed Chef stock as:

Comfortable to invest in from a Halal perspective.

Sources

2021 Q1 10-Q   

2020 10-K

2019 10-K

Sustain UCLA: The Case for Plant Based 

New Research Says Plant-based Diet Best for Planet and People – Our World