The Vita Coco Company Proudly Announces B Corp Certification
The Vita Coco Company has been certified as a B Corporation, reinforcing its commitment to operating responsibly after becoming a Public Benefit Corporation (PBC) last year. This certification, granted by B Lab, evaluates social and environmental performance, requiring companies to meet a minimum verified score. The Vita Coco Company aims to positively affect 1 million lives through sustainable initiatives and has already established over 30 classrooms and increased grower incomes by 260% in the Philippines and Sri Lanka. The company joins an international network of over 4,000 B Corps.
- Certified as a B Corporation, enhancing brand reputation.
- Established over 30 classrooms, supporting education.
- Increased grower incomes by 260% in the Philippines and Sri Lanka.
- Committed to sustainability and community development.
- None.
Pioneer in functional beverage category earns socially responsible business recognition just months after becoming Public Benefit Corporation
NEW YORK, March 08, 2022 (GLOBE NEWSWIRE) -- The Vita Coco Company, a leading platform for plant-based, functional products, today announced that it has been certified as a B Corporation™ (B Corp™), furthering the Company’s commitment toward operating its business as a force for good, while delivering better-for-you products. The certification comes less than a year after The Vita Coco Company incorporated as a Public Benefit Corporation (PBC).
The B Corp verification process administered by the nonprofit, B Lab, measures a company’s social and environmental performance. To become a Certified B Corporation, companies undergo a rigorous review of the impact of their operations and business model on their workers, customers, communities and environment, and must meet a minimum verified score on the B Impact Assessment.
“We’ve always been on a mission to create more equitable access to natural, better-for-you products in a responsible way,” said Mike Kirban, Founder & Co-CEO of The Vita Coco Company. “Joining a network of like-minded organizations will create collective impact to democratize health and wellness. We are honored to receive this distinction and become part of the B Corp community.”
The Vita Coco Company is committed to protecting nature’s resources while building thriving communities through its Sustainability and Social Impact Programming. The Company is focused on building regenerative farming systems in its coconut and guayusa communities, with the goals of positively impacting the lives of 1 million people and creating more access to healthy, natural products.
Through the Vita Coco Project, the Vita Coco Company has built over 30 classrooms, distributed more than 25,000 coconut seedlings to smallholder farms, and increased grower incomes by over
The Vita Coco Company is joining a network of 4,000 B Corps in 70 countries and 150 industries worldwide.
To learn more about Vita Coco, visit vitacoco.com. You can also connect with Vita Coco on Facebook, Twitter and Instagram.
ABOUT THE VITA COCO COMPANY
The Vita Coco Company was co-founded in 2004 by co-CEO Michael Kirban and Ira Liran. Pioneers in the functional beverage category, The Vita Coco Company’s brands include the leading coconut water, Vita Coco; clean energy drink Runa; sustainable enhanced water, Ever & Ever; and protein-infused water, PWR LIFT. With its ability to harness the power of people and plants, and balance purpose and profit, The Vita Coco Company has created a modern beverage platform built for current and future generations.
PRESS CONTACT
Mallory Smith, Dittoe PR
502-648-8446
mallory@dittoepr.com
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, including statements with respect to future plans for operating the Company’s business and expectations of future commitments and activities. 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 prospectus pursuant to Rule 424(b) filed with the U.S. Securities and Exchange Commission (“SEC”) on October 22, 2021, and our other filings with the 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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/74343b24-19fd-4184-996b-9b85446b8e06
FAQ
What does it mean for COCO to be a certified B Corporation?
How has COCO impacted communities in the Philippines?
When did COCO become a Public Benefit Corporation?
What is The Vita Coco Company's mission?
How many B Corporations are there globally?
