SBUX Starbucks Corporation

Starbucks Is Fighting For The Future Of Coffee By Providing 100 Million Healthy Coffee Trees By 2025

Today, Starbucks Coffee Company (NASDAQ: SBUX) announced that it will make sure 100 million healthy coffee trees get into the hands of coffee farmers that need them by, 2025. This effort is part of the company’s ongoing commitment to provide comprehensive support to farmers around the world which includes open-source agronomy research, farmer financing and access to information.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170417005459/en/

Starbucks Is Fighting For The Future Of Coffee By Providing 100 Million Healthy Coffee Trees By 2025 ...

Starbucks Is Fighting For The Future Of Coffee By Providing 100 Million Healthy Coffee Trees By 2025, April 17 (Photo: Business Wire)

This expanded commitment builds on Starbucks One Tree for Every Bag initiative which launched in September 2015, ensuring that a coffee tree is planted for every bag of coffee purchased in a participating U.S. stores. The seedlings will replace trees that are declining in productivity due to age and disease, such as coffee leaf rust which is perpetuated because of a warmer climate. More than 25 million trees have been donated thus far with the initial distribution of 10 Million having started in the summer of 2016.

“We have heard directly from farmers that healthy trees are what they need now, more than ever, so this long-term approach coupled with the right resources directly correlates to the stability of their family as well as the future of coffee,” said Cliff Burrows, group president, Global Coffee, Starbucks.

Having already built a successful tree distribution network and as one of the largest purchasers of arabica coffee, Starbucks can now integrate the purchase of healthy, rust-resistant coffee trees into its green coffee buying program. By working with long-term suppliers, the company will seamlessly ensure that a total of 10 Million coffee tree seedlings per year are available to farmers in need.

Going forward, the company will continue its relationship with supplier nurseries set up in Mexico, Guatemala, and El Salvador as well as look to develop new supplier nurseries in additional coffee regions that would benefit from re-planting. By integrating this into their purchasing behavior and evolving their current initiative, Starbucks expects at least 100 Million trees to get to farmers by 2025. Not only will this ensure that farmers get trees at a critical time but it will help stabilize the income of thousands of farming families.

This effort will have an amplified effect when added to the work of The Sustainable Coffee Challenge that recently announced an industry wide effort to replant 1 billion coffee trees, to ensure positive outcomes for both productivity and the environment. The Sustainable Coffee Challenge is a joint initiative of over 60 partners including corporations, governments, NGOs and research organizations working together to make coffee the first sustainable agricultural product. A key tenet of the Challenge is to encourage partners to tackle some of the most pressing challenges facing the coffee sector – both individually and via collective action. This replanting effort will be one of the organizations Collective Action Networks and, in addition to Starbucks, is supported by non-profits, government agencies and coffee roasters.

“Providing healthy trees to farmers in coffee-growing regions makes existing lands more productive and keeps us from expanding into forests,” said Dr. M. Sanjayan, executive vice president and senior scientist at Conservation International. “We’re proud to stand alongside Starbucks in this long-term endeavor to ensure that both livelihoods and nature around the world are vibrant and healthy.”

To date, Starbucks investments in coffee farming communities include:

  • Ethical Sourcing Standard: 99% of coffee sourced by Starbucks has been verified as ethically sourced through its C.A.F.E. Practices standards developed with Conservation International more than a decade ago.
  • Healthy Coffee Trees: The donation of enough funds to plant 25 million rust-resistant coffee trees with the first phase of distribution including 10 million healthy coffee trees sent to farmers in need across El Salvador, Guatemala and Mexico. More than 6,200 farming families received new coffee trees helping to rehabilitate more than 2,500 hectares of farmland and nearly 800 temporary jobs were created to support the initial distribution.
  • Farmer Financing: Committing $50M in affordable credit for coffee farmers and cooperatives by 2020 so that farmers can reinvest in their farms.
  • Agronomy Support: Investing $20 million in open-source agronomy through a network of eight Farmer Support Centers to train 200,000 coffee farmers by 2020, leveraging the research at Hacienda Alsacia, Starbucks global agronomy center in Costa Rica.

EN
17/04/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Starbucks Corporation

Wedbush Research
  • Wedbush Research
DPZ DOMINO'S PIZZA INC.
SHAK SHAKE SHACK INC. CLASS A
DEI DOUGLAS EMMETT INC
HPP HUDSON PACIFIC PROPERTIES INC.
XENE XENON PHARMACEUTICALS INC
WING WINGSTOP INC.
WEN WENDY'S COMPANY
WDC WESTERN DIGITAL CORPORATION
VYGR VOYAGER THERAPEUTICS INC.
TXRH TEXAS ROADHOUSE INC.
TSLA TESLA INC
TRNO TERRENO REALTY CORPORATION
STKS ONE GROUP HOSPITALITY
STAG STAG INDUSTRIAL INC.
SIMON SILICON MOTION TECHNOLOGY CORPORATION SPONSORED ADR
SBUX STARBUCKS CORPORATION
PZZA PAPA JOHN'S INTERNATIONAL INC.
PEGA PEGASYSTEMS INC.
OFC CORPORATE OFFICE PROPERTIES TRUST
MCD MCDONALD'S CORPORATION
JACK JACK IN THE BOX INC.
IMAX IMAX CORPORATION
EGP EASTGROUP PROPERTIES INC.
EAT BRINKER INTERNATIONAL INC.
DIN DINE BRANDS GLOBAL INC.
DENN DENNY'S CORPORATION
CTMX CYTOMX THERAPEUTICS INC.
CHKP CHECK POINT SOFTWARE TECHNOLOGIES LTD.
CAKE CHEESECAKE FACTORY INCORPORATED
BXP BOSTON PROPERTIES INC.
BIIB BIOGEN INC.
ARDX ARDELYX INC
BJRI BJ'S RESTAURANTS INC.
FRX_CN FENNEC PHARMACEUTICALS
CMG CHIPOTLE MEXICAN GRILL INC.
DRI DARDEN RESTAURANTS INC.
WVE WAVE LIFE SCIENCES
PLYM PLYMOUTH INDUSTRIAL REIT INC.
MRSN MERSANA THERAPEUTICS
ISR ISORAY
AMZN AMAZON.COM INC.
AAPL APPLE INC.
RCKT ROCKET PHARMACEUTICALS
MSFT MICROSOFT CORPORATION
IBM INTERNATIONAL BUSINESS MACHINES CORPORATION
APLS APELLIS PHARMACEUTICALS
SRRK SCHOLAR ROCK HOLDING CORPORATION
YMAB Y-MABS THERAPEUTICS
TVTX TRAVERE THERAPEUTICS INC
PLTK PLAYTIKA HOLDING
RBLX ROBLOX
TNGX TANGO THERAPEUTICS
VERA INC
BROS VERA THERAPEUTICS INC
STRW DUTCH BROS INC
CAVA STRAWBERRY FIELDS REIT INC.
JBIO CAVA GROUP INC
JADE BIOSCIENCES
INC.

Moody's Ratings assigns Baa1 ratings to Starbucks' proposed senior uns...

Moody's Ratings (Moody's) today assigned Baa1 ratings to Starbucks Corporation's (Starbucks) proposed senior unsecured notes offering. All other ratings are unchanged, including its Baa1 senior unsecured notes ratings and Prime-2 short-term commercial paper program rating. The outlook remains unchan...

Moody's Ratings changes Starbucks' outlook to negative

Moody's Ratings (Moody's) changed Starbucks Corporation's (Starbucks) outlook to negative from stable and affirmed all ratings for the company, including the Baa1 senior unsecured notes ratings and Prime-2 commercial paper program rating. The change in outlook to negative reflects the company's we...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch