The Vita Coco Company announced the expansion of its social impact program, The Vita Coco Project, to Brazil. The Vita Coco Project was founded in 2014 through the Company’s Environmental and Social Initiative program to support and empower coconut sourcing communities. To date, The Vita Coco Project, through its local partners, has distributed more than 370,000 seedlings and trees, trained more than 1,000 farmers in regenerative agricultural practices and constructed 36 classrooms and schools in the Philippines and Sri Lanka. In the Philippines, farmers participating in the project have seen an 88% increase in their income. In partnership with Brazilian environmental nonprofit Apremavi, The Vita Coco Project will support the planting of trees in both urban communities and in forests nationwide. The reforestation efforts will protect habitats for some of Brazil’s native species and drive the impact of the initiative beyond coconut farming.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on COCO:
- Vita Coco Announces Expansion of Social Impact Program, The Vita Coco Project, to Brazil
- Vita Coco price target raised to $32 from $25 at Piper Sandler
- BofA ups Vita Coco price target to $32, downgrades to Neutral
- Vita Coco downgraded to Neutral from Buy at BofA
- The Vita Coco Company Reports Second Quarter 2023 Financial Results