04/24/2024 | Press release | Distributed by Public on 04/24/2024 07:04
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:
Building Thriving Communities:
Championing Health & Wellness:
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.
Click here to read the full report.
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.
CONTACTS
Investor:
Investors:
ICR, Inc.
[email protected]
Media:
Tim Biba
203-428-3222
[email protected]
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.