Green Mountain Coffee Roasters Accepted in Ceres Network of Companies
WATERBURY, VT -- Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) has been notified that is has been accepted to the Ceres network of companies that are committed to enhancing value by integrating environmental and social performance into business strategies and initiatives. Green Mountain Coffee Roasters is the first publicly owned coffee company to join this prestigious network of approximately 70 companies of all sizes, including Aveda Corporation, Seventh Generation, Ford Motor Company, Green Mountain Power Corporation, Interface, Inc., and Nike, Inc.
In 1989, Ceres was formed as a partnership between environmental and investor organizations to align investments with environmental and social responsibility performance. Shortly thereafter, it launched the Ceres Principles, a 10-point code of corporate environmental and social conduct that quickly became a cornerstone of the corporate social responsibility movement. In 1997, Ceres introduced the Global Reporting Initiative (GRI), which today is the de-facto international standard for reporting on social, economic and environmental performance. Since 2002, GRI has been an independent institution. Today over 700 companies from around the world use GRI reporting guidelines.
As a Ceres company, Green Mountain Coffee Roasters has committed to engage with environmental and public interest organizations, investors and other stakeholders on issues linked to sustainability, to report publicly on these issues, and to work continuously to improve the Company's performance relating to these issues. Ceres will facilitate this stakeholder engagement by connecting Green Mountain Coffee with the experience and best practices of other Ceres organizations.
"Green Mountain Coffee Roasters has demonstrated that they are committed to stakeholder engagement, continuous learning and improvement, and public accountability as they aim to grow their business in a sustainable way," said Mindy S. Lubber, president of Ceres. "We look forward to working with them and supporting them in asserting leadership."
Michael Dupee, vice president of Corporate Social Responsibility at Green Mountain Coffee Roasters, said, "I am proud that Green Mountain Coffee Roasters is the first publicly owned coffee company in the Ceres network of companies. I believe that participating in the Ceres process will help us improve on our commitment to building a sustainable business by facilitating broader and deeper stakeholder relationships and the development of meaningful measurements of our progress. I encourage others in the specialty coffee industry to join Ceres in the vital and valuable work of improving our social, economic, and environmental performance, leading to a more sustainable world for all."
Since 1989 Ceres has brought together leading U.S. investment funds, environmental organizations and other public interest groups with a shared goal of creating a more sustainable world. Our 85-member coalition and 70-plus partner companies share a core belief that environmental responsibility and corporate value are strongly linked, that the bedrock for sound corporate governance is measurement and disclosure, and that investors need complete transparent information about a company's financial, social and environmental performance.
About Green Mountain Coffee Roasters:
Green Mountain Coffee Roasters, Inc. is a leader in the specialty coffee industry and offers over 100 coffee selections including estate, certified organic, Fair Trade Certified signature blends, and flavored coffees that it sells under the Green Mountain Coffee Roasters and Newman's Own Organics brands. While the majority of Green Mountain Coffee's revenue is derived from its wholesale operations, the company also operates a direct mail business and an e-commerce website (www.GreenMountainCoffee.com) from its Waterbury, Vermont headquarters. Each year the Company contributes at least five percent of its pre-tax profits to support socially responsible initiatives. Based on its performance, Green Mountain Coffee Roasters has been recognized for the past five years as one of Forbes Magazine's "200 Best Small Companies," for the past three years in the top 10 on Business Ethics magazine's list of "100 Best Corporate Citizens," and for the past two years as one of the Society of Human Resource Management's "Best Medium Companies to Work for in America."
Related Ceres company: Green Mountain Coffee Roasters