How much of Beyond Meat’s revenue comes from haram?

Beyond Meat offers plant-based meat substitutes. 

Its products include Beyond Sausage, Beyond Beef, and Beyond Meatballs.

Practical Islamic Finance concludes:

None of Beyond Meat’s revenue comes from anything inherently haram.

Does Beyond Meat rely on interest to operate?

Year-to-Date
for period
ended
4/3/2021
Fiscal year
ended
12/31/2020
Fiscal year
ended
12/31/2019
Interest Income (net)
Total Revenue$108,164$406,785$297,897
Interest Expense (net)$629$2,576$3,071
Total Expenses$132,809$456,130$298,386
Interest Income (net) / Revenue
Interest Expense (net) / Total Expense0.47%0.56%1.03%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

Riba is used but not relied upon in Beyond Meat’s operations.

What is Beyond Meat’s Environmental, Social, and Governance (ESG) impact?

Environment

A peer-reviewed life cycle analysis was conducted by the University of Michigan comparing the environmental impact of the Beyond Burger to a ¼ lb. U.S. beef burger.

The result of the study showed the Beyond burger uses 99% less water, requires 46% less energy, and emits 90% fewer greenhouse gasses than a ¼ lb U.S. beef burger.

Social

Beyond Meat has a just in line with average Glassdoor rating of 3.3 out of 5.0 from current and previous employees.

Governance

No notable governance highlights.

Practical Islamic Finance concludes:

Beyond Meat has a net positive ESG impact.

Comfort Rating

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

Comfortable to invest in from a Halal perspective.

Sources

2021 Q1 10-Q

2020 Form 10-K  

About Beyond Meat

Beyond Meat’s Beyond Burger Life Cycle Assessment: A detailed comparison between a plant-based and an animal-based protein source | Center for Sustainable Systems