The Vita Coco Company, Inc..
COCO.US | N/A
The Vita Coco Company, Inc. develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. It offers coconut oil, coconut juice, and coconut milk; packaged water under the Ever & Ever brand...Show More
Better Health for All
-10
The Vita Coco Company presents mixed evidence regarding its alignment with the 'Better Health for All' value. On one hand, the company's coconut water is often marketed as a healthier alternative to sugary drinks, and the company donates to organizations supporting vulnerable populations affected by food insecurity
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, and has non-GMO certified products
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. They also have a Coco Community Grants program
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. However, recent testing found high levels of BPA in coconut water products, leading to legal notices for failing to warn consumers despite labeling products as 'BPA-free'
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. A study also found that some products had sodium and magnesium levels lower than labeled, though within legal deviation
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. While the company has initiatives to support communities and offers a product that can be a healthier alternative, the BPA concerns and labeling issues indicate a misalignment with the value, but not a strong one. Therefore, a score of -10 is more appropriate.
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Fair Money & Economic Opportunity
0
No evidence available to assess The Vita Coco Company, Inc. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
10
For Fiscal Year 2024, the CEO-to-median employee pay ratio was 35:1.
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As of December 31, 2024, none of the company's 319 full-time employees were represented by labor unions or covered by collective bargaining agreements.
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The company has never experienced a labor-related work stoppage.
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The company offers generous health insurance coverage available on day one of employment.
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Fair Trade & Ethical Sourcing
-50
Vita Coco has no fair trade certification.
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The company has invested in community development, distributing over 1 million seedlings and building three new classrooms in the Philippines, bringing the total to 39 and impacting over 24,500 students.
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Its 2022 Impact Report was deemed acceptable but lacked targets.
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Honest & Fair Business
0
No evidence available to assess The Vita Coco Company, Inc. on Honest & Fair Business.
Kind to Animals
-30
The Vita Coco Company states it does not test its products on animals, nor does it fund or commission animal tests across all its brands.
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The company prohibits the unethical use of animal labor and requires coconut manufacturing suppliers to certify that no monkey labor has been used.
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All major co-manufacturing partners are required to conduct SMETA audits annually, and all coconut ingredient suppliers are routinely audited according to Sedex’s SMETA methodology.
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However, in 2023, 4-6% of direct and indirect supplier expenses were with a supplier involved in alleged occupation of Indigenous lands, leading to discontinuation of the business relationship.
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The Vita Coco Project aims to plant 10 million seedlings and trees worldwide by 2030, having distributed over 1 million seedlings and trees to date.
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These efforts protect habitats for native species in Brazil, such as the Tawny-browed Owl and Brown Howling Monkey.
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The company also provides training on natural pollinators and promotes regenerative agriculture.
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The company is a member of an industry consortium working on low-carbon technologies with suppliers.
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No War, No Weapons
0
The provided articles for The Vita Coco Company, Inc. (COCO.US) detail the company's ESG initiatives, focusing on community development, environmental protection, and sustainable sourcing within the coconut industry. There is no information or data available in these articles that pertains to arms manufacturing, military contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or any other metrics relevant to the 'No War, No Weapons' ethical value.
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Therefore, no KPIs under this value can be scored based on the evidence provided.
Planet-Friendly Business
-60
The company has reported zero environmental compliance violations.
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One climate impact assessment was completed for its 500ml Tetra Pak® product.
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The company distributed over 1 million seedlings in 2024 as part of its Seedlings for Sustainability™ initiative, aiming for 10 million by 2030.
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The Vita Coco Project includes support for underserved schools and communities, with 3 new classrooms built in the Philippines in 2024, contributing to a total of 39 schools impacting over 24,500 students.
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Approximately 97% of primary packaging materials meet a responsible packaging definition, but no specific packaging CO2 reduction percentage is provided.
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The company is a Certified B Corporation.
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Respect for Cultures & Communities
-20
The company has established 3 formal partnerships with local community groups.
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These include Brazilian environmental nonprofits Apremavi and Natureza Bella, and an organization named 'More Than a Meal' focused on local community support.
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Safe & Smart Tech
0
The company's privacy policy, last revised on September 20, 2024, grants users rights to access, correct, delete, and port their personal data.
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Users can also opt-out of targeted advertising, the sale of personal data, and profiling, and have the right to appeal rights requests and non-discrimination for exercising privacy rights.
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The company states it retains personal information for approximately 3 years after the user relationship ends, and stores information in an aggregated and anonymized format if a user stops using services or deletes their account.
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The company's privacy policy mentions compliance with privacy laws in California, Colorado, Connecticut, Montana, Nevada, Oregon, Texas, Utah, and Virginia, including the California Consumer Privacy Act (CCPA) and California Privacy Rights Act, as well as the EU and UK General Data Protection Regulation (GDPR).
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The company is not aware of any risks from cybersecurity threats, including incidents, which have materially affected it as of the Annual Report on Form 10-K filing date.
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The company conducts annual security awareness training for employees and programs to increase awareness of phishing attempts.
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It uses tools to detect and monitor unusual network activity and partners with a third-party vendor for cybersecurity risk assessment and threat intelligence, with an internal team evaluating testing results.
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Zero Waste & Sustainable Products
-30
Approximately 97% of the company's primary packaging materials are considered responsible.
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The company has implemented waste reduction initiatives, including two water reduction projects saving 1.5 million liters annually, composting and organic fertilizer programs, crop management workshops, water and soil conservation programs, training courses on natural pollinators, and using coconut husks for soil moisture retention and boiler fuel.
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The company has a 2030 goal to plant 10 million seedlings.
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It describes a five-pillar framework for responsible packaging and mentions using every part of the coconut, indicating some circular design principles.
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The company also mentions collaborating with suppliers to minimize waste and maximize resource efficiency, and provides educational labeling on packaging for recycling.
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