Costa Rica’s FIFCO recognized as new sustainability ‘champion’
Costa Rica’s largest food and beverage company, Florida Ice and Farm (FIFCO), was recognized this week by the World Economic Forum and Boston Consulting Group (BCG) as one of the top 16 “green” businesses in developing countries.
In May 2010, the global growth branch of the World Economic Forum and BCG set out to find businesses in emerging markets that were both financially successful and environmentally sustainable. At the conclusion of the study, which included research and interviews with more than a 1000 CEOs, 16 organizations in 11 countries were deemed “new sustainability champions” for designing business plans considered lucrative and sustainably progressive.
In recent years, FIFCO has dramatically reduced the amount of water it uses in production and aims to be Costa Rica’s first “water neutral” company by 2012. In 2010, 300 FIFCO employees helped construct an aqueduct for the indigenous community of Gavilán Canta in Talamanca, in Costa Rica’s Caribbean province of Limón (TT, Oct. 8, 2010).
“As a beverage company, FIFCO’s environmental priority is water conservation,” the report stated.
The study also complimented FIFCO’s financial growth.
“FIFCO achieved a compound annual growth rate of 25 percent between 2006 and 2010…twice the industry average.”
FIFCO was also praised by researchers for its recycling program. The Heredia-based company claims that it recovers 40 percent of the bottles it puts into the market. National beers Pilsen, Imperial, Bavaria and Rock Ice, all produced by FIFCO, are often recycled and used several times (TT, Oct. 23, 2009).
For full text of the report, see http://www.bcg.com/documents/file85971.pdf
You may be interested
Costa Rica to begin administering HPV vaccineAlejandro Zúñiga - April 25, 2019
The Social Security System (CCSS) announced Wednesday that Costa Rica will begin administering the human papilloma virus (HPV) vaccine as…
Costa Rica approves law against child abuse prepared by alleged victims of priestAFP and The Tico Times - April 24, 2019
Costa Rica’s congress approved on Tuesday a bill that extends the statute of limitations for the crime of sexual abuse…
International drug rehab in Costa Rica with the Costa Rica Treatment CenterThe Tico Times - April 24, 2019
Costa Rica Treatment Center understands the process of addiction recovery from personal experience. Their evidence-based treatment programs are engineered to…