Starbucks to open sustainability learning and innovation lab in Costa Rica

Rhea-AI Summary

Starbucks plans to develop a sustainability learning and innovation lab at its global agronomy headquarters in Costa Rica. The lab will provide hands-on and virtual learning opportunities for Starbucks partners, students, researchers, and industry leaders to innovate and scale sustainable solutions for environmental and social issues. It will open within the next three years.

Positive

• Starbucks plans to develop a sustainability learning and innovation lab in Costa Rica, which could positively impact the company's stock price. The lab will provide opportunities for innovation and collaboration, potentially leading to the development of new sustainable solutions. The partnership with Arizona State University and the use of advanced educational technology could enhance the company's reputation and attract more customers. The lab's focus on addressing environmental and social challenges aligns with Starbucks' commitment to becoming a resource positive company, which could attract socially conscious investors.

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• None.

The lab to offer hands-on and virtual learning for Starbucks partners, students, researchers and industry leaders to innovate and scale solutions for some of the world’s most challenging social and environmental issues

Starbucks and Arizona State University partner to create programming this fall; the lab is expected to physically open within the next three years

SEATTLE--(BUSINESS WIRE)-- Starbucks announced plans today to develop a new sustainability learning and innovation lab at Hacienda Alsacia – the company’s global agronomy headquarters for research and development, located in Costa Rica. The lab will serve as a hub for hands-on and virtual learning opportunities for Starbucks partners (employees), students, researchers and industry leaders to innovate and scale sustainable solutions for some of the world’s most challenging environmental and social issues, including climate adaption and agricultural economics.

Starbucks to open sustainability learning and innovation lab in Costa Rica (Graphic: Business Wire)

Starting this fall, the lab will offer the first wave of educational programming to select Arizona State University (ASU) students and Starbucks partners. The first wave will leverage ASU’s leading educational technology and world-class faculty to enrich the student experience, including study abroad opportunities tied to existing ASU degree programs, such as Sustainability, Sustainable Food Systems, Global Agribusiness, Environmental and Resource Management, among others. Starbucks lab is expected to physically open within the next three years.

For more than a decade Hacienda Alsacia, the company’s first and only company-owned and operated coffee farm, has focused on the sustainability of coffee. The farm is dedicated exclusively to research and development, where the Starbucks team is creating new coffee varieties, testing disease-resistant coffee trees and developing and sharing agricultural practices to produce a higher yield and ensure the future of coffee. While the research and development at Hacienda Alsacia will continue, the lab will expand the capabilities and collaboration needed to cultivate positive social and environmental change beyond coffee.

“This is an opportunity for us to advance Starbucks environmental promise to give more than we take and our farmer promise to ensure the future of coffee for all,” said Laxman Narasimhan, Starbucks chief executive officer. “We know we cannot do this important work alone, and the possibilities in front of us to scale solutions, partner with thought leaders and serve as a global hub for innovation are limitless."

Starbucks mission extends well beyond its customers, partners and cafes. As a company that buys 3% of the world’s highest quality and ethically sourced arabica coffee from more than 400,000 farmers in more than 30 countries, Starbucks understands its future is inextricably tied to social and environmental challenges. The company has a long-standing commitment to work alongside communities to become a resource positive company, including cutting its carbon, water and waste footprints in half by 2030. In partnership with others, Starbucks is committed to identifying new ways to give more than it takes with the belief that the company can build a great business that scales for good and has a positive impact on the future.

Starbucks and ASU have a long-standing partnership of working together to build educational and innovative programming. Most recently, Starbucks and ASU reached a milestone of graduating more 10,000 partners through the Starbucks College Achievement Program.

“This is an exciting new chapter in our nearly decade-long partnership with Starbucks,’’ said Arizona State University President Michael Crow. “The new sustainability learning and innovation lab will expand on our collaboration together, working closely to tackle critical challenges with a collective commitment to seek new and sustainable approaches that impact global communities.”

About Starbucks

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with over 35,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at stories.starbucks.com or starbucks.com.

About Arizona State University

Arizona State University has developed a new model for the American Research University, creating an institution that is committed to access, excellence and impact. ASU measures itself by those it includes, not by those it excludes. As the prototype for a New American University, ASU pursues research that contributes to the public good, and ASU assumes major responsibility for the economic, social and cultural vitality of the communities that surround it.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230621594072/en/

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Source: Starbucks

FAQ

What is Starbucks' plan for the sustainability learning and innovation lab?

Starbucks plans to develop a sustainability learning and innovation lab at its global agronomy headquarters in Costa Rica.

Who will benefit from the lab?

The lab will provide hands-on and virtual learning opportunities for Starbucks partners, students, researchers, and industry leaders.

When will the lab open?

The lab is expected to physically open within the next three years.

What are the potential positive impacts on Starbucks' stock price?

The lab could lead to the development of new sustainable solutions, enhance the company's reputation, and attract socially conscious investors.

What is Starbucks' commitment to becoming a resource positive company?

Starbucks aims to cut its carbon, water, and waste footprints in half by 2030 and give more than it takes in partnership with others.