04.14.22
The Vita Coco Company has issued its initial first Impact Report, detailing the company’s sustainable and social impact programming from 2020-2021. By the end of this year the company aims to “map its coconut carbon footprint,” from farm to retail to product disposal.
“As our company grows, so does our ability to partner and grow with key people and organizations who help create a shared community where everyone wins—from our growers around the world, to our employees, to the small businesses and bodega owners who stock our products,” said Mike Kirban, CEO of The Vita Coco Company. “I’m proud of the work we’ve done so far, and I can’t wait to see how far we’ll go.”
The Impact Report covers three pillars that support the company’s Environmental, Social and Governance (ESG) framework: 1) protecting the planet’s natural resources, 2) championing health and wellness in society, and 3) building thriving communities within the company’s grower network and beyond.
The report details the company’s plan to establish future metrics for its ESG work so that it can track what it calls its “Return on Impact.”
The report also details the work of The Vita Coco Project, the company’s commitment to influence the lives of 1 million people in coconut farming communities around the world. Since its inception, The Vita Coco Project has:
Taken together, this work affected more than 30,000 people within the communities where the company sources coconuts and other materials.
The company has also donated over 6.5 million meals and an additional $2.1 million worth of in-kind products and financial contributions to local communities.
The Vita Coco Company’s 2021 Impact Report also details the company’s current workforce demographics and its ambition to build a workforce that reflects the diverse identities of its consumers.
In 2021, The Vita Coco Company incorporated as a Public Benefit Corporation, which requires the company’s board of directors and management to balance the impact of decisions not only on shareholders but also other stakeholders and to consider the social and environmental consequences of the company’s decisions.
The Vita Coco Company also recently became a Certified B Corporation. The report includes a breakdown of the company’s B Impact Assessment score, which was reviewed by B Lab in 2020-21.
“As our company grows, so does our ability to partner and grow with key people and organizations who help create a shared community where everyone wins—from our growers around the world, to our employees, to the small businesses and bodega owners who stock our products,” said Mike Kirban, CEO of The Vita Coco Company. “I’m proud of the work we’ve done so far, and I can’t wait to see how far we’ll go.”
The Impact Report covers three pillars that support the company’s Environmental, Social and Governance (ESG) framework: 1) protecting the planet’s natural resources, 2) championing health and wellness in society, and 3) building thriving communities within the company’s grower network and beyond.
The report details the company’s plan to establish future metrics for its ESG work so that it can track what it calls its “Return on Impact.”
The report also details the work of The Vita Coco Project, the company’s commitment to influence the lives of 1 million people in coconut farming communities around the world. Since its inception, The Vita Coco Project has:
- Built 30 classrooms in communities where the company sources coconuts and other materials;
- Planted more than 69,000 seedlings to replace aging trees and promote biodiversity;
- Trained 7,000 farmers in regenerative and agronomic best practices.
Taken together, this work affected more than 30,000 people within the communities where the company sources coconuts and other materials.
The company has also donated over 6.5 million meals and an additional $2.1 million worth of in-kind products and financial contributions to local communities.
The Vita Coco Company’s 2021 Impact Report also details the company’s current workforce demographics and its ambition to build a workforce that reflects the diverse identities of its consumers.
In 2021, The Vita Coco Company incorporated as a Public Benefit Corporation, which requires the company’s board of directors and management to balance the impact of decisions not only on shareholders but also other stakeholders and to consider the social and environmental consequences of the company’s decisions.
The Vita Coco Company also recently became a Certified B Corporation. The report includes a breakdown of the company’s B Impact Assessment score, which was reviewed by B Lab in 2020-21.
