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The Vita Coco Company, Inc. (NASDAQ: COCO) released its third-annual Impact Report, highlighting its Environmental, Social, and Governance (ESG) strategy. The report details the company's progress in 2023 and the first quarter of 2024, focusing on scaling impact, collaboration, protecting natural resources, building thriving communities, and championing health & wellness. Key achievements include distributing seedlings, revitalizing coconut tree populations, planting trees, training farmers in regenerative agriculture, constructing classrooms, awarding scholarships, and donating meals to Feeding America. The report also introduces the Vita Coco Community Foundation to empower communities for future sustainability.
The Vita Coco Company, Inc. (NASDAQ: COCO) ha pubblicato il suo terzo Rapporto Annuale sull'Impatto, evidenziando la sua strategia di Ambientale, Sociale e Governance (ESG). Il rapporto descrive i progressi dell'azienda nel 2023 e nel primo trimestre del 2024, concentrandosi sull'ampliamento dell'impatto, la collaborazione, la protezione delle risorse naturali, lo sviluppo di comunità prosperose e la promozione della salute e del benessere. Tra i principali risultati si annoverano la distribuzione di piantine, il rinvigorimento delle popolazioni di alberi di cocco, la piantagione di alberi, la formazione degli agricoltori in agricoltura rigenerativa, la costruzione di aule scolastiche, l'assegnazione di borse di studio e la donazione di pasti a Feeding America. Il rapporto introduce inoltre la Fondazione Comunitaria Vita Coco per potenziare le comunità verso una sostenibilità futura.
The Vita Coco Company, Inc. (NASDAQ: COCO) ha publicado su tercer Informe de Impacto anual, resaltando su estrategia de Medio Ambiente, Social y Gobernanza (ESG). El informe detalla los avances de la compañía en 2023 y el primer trimestre de 2024, enfocándose en escalar el impacto, cooperación, protección de recursos naturales, construcción de comunidades prósperas y fomento de la salud y bienestar. Los logros clave incluyen la distribución de plántulas, revitalización de poblaciones de cocoteros, plantación de árboles, capacitación de agricultores en agricultura regenerativa, construcción de aulas, otorgamiento de becas y donación de comidas a Feeding America. El informe también presenta la Fundación Comunitaria Vita Coco para empoderar a las comunidades hacia una sostenibilidad futura.
The Vita Coco Company, Inc. (NASDAQ: COCO)가 그들의 세 번째 연간 영향 보고서를 발표했습니다. 이 보고서에서는 환경, 사회, 그리고 거버넌스 (ESG) 전략을 강조하고 있습니다. 보고서는 2023년과 2024년 첫 분기의 회사 진행 상황을 자세히 설명하며, 영향력 확대, 협력, 자연 자원 보호, 번성하는 커뮤니티 구축 및 건강 및 웰빙을 증진에 중점을 둡니다. 주요 성과로는 묘목 배포, 코코넛 나무 인구 재활성화, 나무 심기, 농민에게 재생 농업 교육, 교실 건설, 장학금 수여 및 Feeding America에 식사 기부가 있습니다. 보고서는 또한 지속 가능한 미래를 위해 커뮤니티를 강화하기 위한 Vita Coco Community Foundation을 소개합니다.
The Vita Coco Company, Inc. (NASDAQ: COCO) a publié son troisième Rapport d'Impact annuel, mettant en lumière sa stratégie Environnementale, Sociale et de Gouvernance (ESG). Le rapport détaille les progrès de l'entreprise en 2023 et pour le premier trimestre de 2024, se concentrant sur l'augmentation de l'impact, la collaboration, la protection des ressources naturelles, la construction de communautés prospères et la promotion de la santé et du bien-être. Les réalisations clés comprennent la distribution de plantules, la revitalisation des populations d'arbres de cocotier, la plantation d'arbres, la formation des agriculteurs en agriculture régénérative, la construction de salles de classe, l'attribution de bourses d'études et le don de repas à Feeding America. Le rapport introduit également la Fondation Communautaire Vita Coco pour renforcer les communautés en faveur d'une durabilité future.
Die Vita Coco Company, Inc. (NASDAQ: COCO) hat ihren dritten jährlichen Wirkungsbericht veröffentlicht, der ihre Strategie für Umwelt, Soziales und Unternehmensführung (ESG) hervorhebt. Der Bericht beschreibt den Fortschritt des Unternehmens im Jahr 2023 und das erste Quartal 2024, mit einem Fokus auf die Skalierung der Auswirkungen, Zusammenarbeit, Schutz natürlicher Ressourcen, Aufbau blühender Gemeinschaften und Förderung von Gesundheit und Wohlbefinden. Zu den wesentlichen Errungenschaften gehören die Verteilung von Setzlingen, die Revitalisierung von Kokosnussbaum-Populationen, das Pflanzen von Bäumen, die Ausbildung von Landwirten in regenerativer Landwirtschaft, der Bau von Klassenzimmern, die Vergabe von Stipendien und das Spenden von Mahlzeiten an Feeding America. Der Bericht stellt auch die Vita Coco Community Foundation vor, um Gemeinschaften für zukünftige Nachhaltigkeit zu stärken.
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The report covers The Vita Coco Company’s Environmental, Social and Governance (ESG) strategy and provides an update on its impact progress during 2023 and into the first quarter of 2024
NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ: COCO) (“Vita Coco” or the “Company”) announced today the publication of its 2023 Impact Report.
In its third-annual report, The Vita Coco Company covers its Environmental, Social and Governance (ESG) strategy and provides an update on its 2023 impact progress since the publishing of the previous report.
“In 2023, we spent a lot of time focusing on ways that we can scale our impact -- and you’ll see the results of that effort outlined throughout our latest Impact Report,” Mike Kirban, Co-Founder and Executive Chairman of The Vita Coco Company said. “The great secret to our success to-date is collaboration. Our goal is to engage everyone along our supply chain to prioritize both profit and purpose, so that we can create value not only for shareholders but also for our communities and planet. We call this our ROI - ‘return on impact’ - and every year our aim is to increase this value.”
The Impact Report also details the recent work of the Vita Coco Project, which focuses on creating impact at the ground level in coconut sourcing communities.
Highlights of the 2023 report include:
Protecting Natural Resources:
Vita Coco and its partners helped distribute over 400,000 seedlings in nearly 100 growing communities across the world. In Sri Lanka, the Company helped revitalize approximately 64% of an aging coconut tree population across 85 estates, independent farms, and smallholder farms.
Vita Coco partnered with the Arbor Day Foundation and set a goal of planting 100,000 trees in forests of greatest need across the American Southeast and Pacific West.
Vita Coco helped facilitate the training of over 12,000 farmers to date in regenerative agriculture principles across Sri Lanka and the Philippines, which includes the development of demonstration farms to showcase the value of implementing regenerative techniques that build ecosystem health and help communities thrive.
Building Thriving Communities:
Vita Coco supported the completion of seven new classrooms for kindergarten to 6th grade students through partnerships in the Philippines and Sri Lanka. Since the inception of the Vita Coco Project, 36 total classrooms have served over 14,500 students and positively impacted more than 194,500 community members in Sri Lanka and the Philippines.
Vita Coco awarded 12 new scholarships in 2023 to students in Sri Lanka – seven to 5th graders and five for higher education – to help them pursue academic paths and vocational training. The students chose to focus on fields including agricultural trade, biology, engineering, technology and commerce and management, helping to transform the future of agriculture in the country.
Championing Health & Wellness:
In partnership with Sam’s Club, Vita Coco donated the equivalent of up to 500,000 meals to Feeding America’s hunger relief efforts.
Additionally, the in-store program incentivized consumers to purchase Vita Coco products, unlocking a donation of up to $50,000.
In conjunction with the Impact Report, The Vita Coco Company also announced the launch of the Vita Coco Community Foundation (the “Foundation”) which was seeded with a contribution from the Company. The Foundation’s mission is to empower communities to build an enduring, resilient society to thrive for future generations.
ABOUT THE VITA COCO COMPANY The Vita Coco Company is a family of brands on a mission to reimagine what’s possible when brands deliver healthy, nutritious, and great tasting products that are better for consumers and better the world. This includes its flagship coconut water brand Vita Coco, sustainably packaged water Ever & Ever, and protein-infused water PWR LIFT. The Company was co-founded in 2004 by Michael Kirban and Ira Liran and is a public benefit corporation and Certified B Corporation. Vita Coco, the principal brand within the Company’s portfolio, is the leading coconut water brand in the U.S. With electrolytes, nutrients, and vitamins, coconut water has become a top beverage choice among consumers after a workout, in smoothies, as a cocktail mixer, after a night out, and more. For digital media assets, see here, and for more information, please visit vitacoco.com.
FORWARD-LOOKING STATEMENTS This press release and the 2023 Impact Report contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to future plans for the Company’s impact and sustainability programs, and its environmental, social, and governance (“ESG”) initiatives. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the control of the company. These factors include, but are not limited to factors discussed under the caption “Risk Factors” in our Annual Reports on Form 10-K, our Quarterly Reports of Form 10-Q and our other filings with the Securities & Exchange Commission (“SEC”) as such factors may be updated from time to time and which are accessible on the SEC’s website at www.sec.gov and the Investor Relations page of our website at investors.thevitacococompany.com. Any forward-looking statements contained in this press release speak only as of the date hereof and we disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
FAQ
What did The Vita Coco Company release?
The Vita Coco Company released its third-annual Impact Report.
What is the ticker symbol for The Vita Coco Company?
The ticker symbol for The Vita Coco Company is COCO.
What does the Impact Report cover?
The Impact Report covers the company's Environmental, Social, and Governance (ESG) strategy.
What are some highlights of the 2023 Impact Report?
Highlights include distributing seedlings, revitalizing coconut tree populations, planting trees, training farmers in regenerative agriculture, constructing classrooms, awarding scholarships, and donating meals to Feeding America.
What is the Vita Coco Community Foundation?
The Vita Coco Community Foundation is a newly launched foundation by The Vita Coco Company to empower communities for future sustainability.
when vita coco launched in new york city in 2004, not only did it bring coconut water into the mainstream beverage section of groceries, it re-branded coconut water as a premium lifestyle drink and helped start the trend of natural-functional beverages. today, vita coco is a leader in coconut water and a growing global brand sold in 30 countries. celebrated for its delicious, electrolyte-rich hydration and replenishment, vita coco is the brand that helps you “drink a little better, eat a little better, and live a little better.” more recently, the brand has introduced non-beverage products, including vita coco coconut oil. yet, despite its growth and success, vita coco maintains the same entrepreneurial spirit upon which it was founded: a can-do culture that’s just beginning to tap into the potential of the coconut. vita coco is headquartered in new york city. visit vitacoco.com for more information.
