Positive Impact Report 2023

TABLE OF CONTENTS

The Synergy Company™ was built on the belief that good business is eminently compatible with thriving employees, community outreach, and environmental stewardship, which is why we’re proud members of the B Corp Movement. It’s an honor to stand alongside a growing network of peer companies – and patrons like you – who recognize that when it’s done right, business can be a force for good in the world. In this report, you’ll find a summary of what we did in 2023 to pair our values with tangible action, and what we’re striving for in years to come. Each initiative, every partnership, and all the progress made is a reflection of our dedication to fostering a more equitable, sustainable, and inclusive future for all. And none of this would be possible without you. Thank you for your continued support and for allowing us into your world. It’s an honor to walk beside you on your wellness journey. In good health, Thatcher Vagts, Chief Executive Officer
Making Good on Our Mission: “We share an enduring commitment to nourish and enhance your life experience by cultivating the innate potential within each of us, and nurturing the health and well-being of people, place, and planet.”
People (The Synergy Company™ Team): 2023 ● Increased paid Wellness Time Off policy to 40 hours per year ● 43% of employees promoted ● $83,000 invested into professional development opportunities ● Subsidized $33,000 for on-site employee childcare ● Adopted Paid Parental Leave policy ● 95% of staff earn a Family Livable Wage ● 50% of executive team is female ● 50% of teams are female-led ● Named a Top 100 Company Championing Women by Utah Inspire ● Ensured gender-based pay equity
Place (Volunteer Efforts): Community Rebuilds, Rim to Rim Restoration, Denver Urban Gardens, Conflict Center
Planet (Social Impact, Ingredients, Environmental Management, Industry Partnerships): ● $199,879 donated across 15 non-profits ● Facilitated 676 volunteer hours ● Supported 116 hours of paid Volunteer Time Off ● Donated $1,500 worth of clothing & shoes ● 10 kids enrolled at Red Rock Tots, community partner for onsite daycare ● 132,877 Kg or 91% of purchased raw materials are USDA Certified Organic ● 94% of products are USDA Certified Organic or Made with Organic Ingredients ● 100% of ingredients and products are non-GMO ● Completed first waste audit ● Executed a Materiality Assessment to ensure prioritization of high-impact issues ● Reduced Scope 1 & 2 GHG emissions by 3.7% ● 451,447 KWh of wind & solar power generated ● 122% of electricity consumption offset ● Reduced 130 metric tons of CO2 ● Maintained EPA Green Power Partner status ● Joined Dominion Energy’s CarbonRight program to offset all natural gas consumption ● Served on Organic Trade Association’s Sustainability Council ● Co-created a “Scope 3 working group” with 7 peers to mitigate industry impact ● Served on American Herbal Product Association’s Sustainability Council ● Became members of the American Botanical Council’s Sustainable Herbs Program ● Contributed & collaborated with B Lab organizations & the B Local community
Ownership & Governance (Leadership): Owners (Mitchell May, Jayne May), External Advisors (Eric Davis, Camille Cannon), Executive Team (CEO: Thatcher Vagts, CFO: Julie Albrecht, CMO: Simla Somturk, COO: Craig Gygi)

MAINTAINING INDEPENDENCE

Making good on our mission – to nourish the health and well-being of people, places, and the planet – is our guiding beacon at every crossroad and with every decision. We have a responsibility to you as our customer, as well as to our employees, communities, and the Earth, to balance purpose and profit. Because the work we do contributes to a ripple effect of well-being that reaches far beyond just us.

And it’s one we want to ensure exists long after our current leadership has passed the baton.

Which is why we are soon poised to complete the transition to an alternative ownership structure. One that enables and empowers us to remain independent and exclusively focused on inspiring a world of wellness, rather than maximizing shareholder value.

We have always embraced our influence in co-creating a just economy, and we see the company’s ownership as a key lever in fulfilling that responsibility. Under the steadfast leadership of Mitchell May, our advisors, and the executive team, we commit to remaining a purpose-driven, privately held company for the next 100 years and beyond.

If you want a more in-depth look at our 2023 Positive Impact Report, you can view the full PDF version below
Positive Impact Report 2023

TABLE OF CONTENTS

The Synergy Company™ was built on the belief that good business is eminently compatible with thriving employees, community outreach, and environmental stewardship, which is why we’re proud members of the B Corp Movement. It’s an honor to stand alongside a growing network of peer companies – and patrons like you – who recognize that when it’s done right, business can be a force for good in the world. In this report, you’ll find a summary of what we did in 2023 to pair our values with tangible action, and what we’re striving for in years to come. Each initiative, every partnership, and all the progress made is a reflection of our dedication to fostering a more equitable, sustainable, and inclusive future for all. And none of this would be possible without you. Thank you for your continued support and for allowing us into your world. It’s an honor to walk beside you on your wellness journey. In good health, Thatcher Vagts, Chief Executive Officer
Making Good on Our Mission: “We share an enduring commitment to nourish and enhance your life experience by cultivating the innate potential within each of us, and nurturing the health and well-being of people, place, and planet.”
People (The Synergy Company™ Team): 2023 ● Increased paid Wellness Time Off policy to 40 hours per year ● 43% of employees promoted ● $83,000 invested into professional development opportunities ● Subsidized $33,000 for on-site employee childcare ● Adopted Paid Parental Leave policy ● 95% of staff earn a Family Livable Wage ● 50% of executive team is female ● 50% of teams are female-led ● Named a Top 100 Company Championing Women by Utah Inspire ● Ensured gender-based pay equity
Place (Volunteer Efforts): Community Rebuilds, Rim to Rim Restoration, Denver Urban Gardens, Conflict Center
Planet (Social Impact, Ingredients, Environmental Management, Industry Partnerships): ● $199,879 donated across 15 non-profits ● Facilitated 676 volunteer hours ● Supported 116 hours of paid Volunteer Time Off ● Donated $1,500 worth of clothing & shoes ● 10 kids enrolled at Red Rock Tots, community partner for onsite daycare ● 132,877 Kg or 91% of purchased raw materials are USDA Certified Organic ● 94% of products are USDA Certified Organic or Made with Organic Ingredients ● 100% of ingredients and products are non-GMO ● Completed first waste audit ● Executed a Materiality Assessment to ensure prioritization of high-impact issues ● Reduced Scope 1 & 2 GHG emissions by 3.7% ● 451,447 KWh of wind & solar power generated ● 122% of electricity consumption offset ● Reduced 130 metric tons of CO2 ● Maintained EPA Green Power Partner status ● Joined Dominion Energy’s CarbonRight program to offset all natural gas consumption ● Served on Organic Trade Association’s Sustainability Council ● Co-created a “Scope 3 working group” with 7 peers to mitigate industry impact ● Served on American Herbal Product Association’s Sustainability Council ● Became members of the American Botanical Council’s Sustainable Herbs Program ● Contributed & collaborated with B Lab organizations & the B Local community
Ownership & Governance (Leadership): Owners (Mitchell May, Jayne May), External Advisors (Eric Davis, Camille Cannon), Executive Team (CEO: Thatcher Vagts, CFO: Julie Albrecht, CMO: Simla Somturk, COO: Craig Gygi)

MAINTAINING INDEPENDENCE

Making good on our mission – to nourish the health and well-being of people, places, and the planet – is our guiding beacon at every crossroad and with every decision. We have a responsibility to you as our customer, as well as to our employees, communities, and the Earth, to balance purpose and profit. Because the work we do contributes to a ripple effect of well-being that reaches far beyond just us.

And it’s one we want to ensure exists long after our current leadership has passed the baton.

Which is why we are soon poised to complete the transition to an alternative ownership structure. One that enables and empowers us to remain independent and exclusively focused on inspiring a world of wellness, rather than maximizing shareholder value.

We have always embraced our influence in co-creating a just economy, and we see the company’s ownership as a key lever in fulfilling that responsibility. Under the steadfast leadership of Mitchell May, our advisors, and the executive team, we commit to remaining a purpose-driven, privately held company for the next 100 years and beyond.

If you want a more in-depth look at our 2023 Positive Impact Report, you can view the full PDF version below