Starbucks is famous for their cappuccino….and their dedication to their employees, community, and the environment. Here are some highlights.
- Starbucks bought 385 million pounds of coffee in 2008. Seventy-seven percent of that – 295 million pounds worth – was responsibly grown and ethically traded, meeting Starbucks™ Shared Planet™ ethical sourcing principles for coffee. By 2015, their goal is to buy 100 percent of their coffee this way.
- Alternative loan programs. These provide farmers with access to loans that the commercial or traditional lending sector is unable to serve. Starbucks has already committed $12.5 million to a variety of farmer loan funds. Now, as part of the Starbucks™ Shared Planet™ commitment to ethical sourcing, they plan to nearly double their investment in these kinds of programs to $20 million by 2015.
- The Starbucks Farmer Support Center opened in Costa Rica in 2004 allows their team of agronomists and quality experts to be in the field working directly with farmers to develop and use more responsible methods to grow better coffee, to help improve the quality and size of the harvest – and ultimately earn better prices for it.
- In 2009, Starbucks employees and customers logged 186,011 hours of community service. Their goal is to organize employees and customers to contribute more than 1 million of community service per year by 2015.
- In fiscal 2009, we made 71 grants totaling $2.1 million to organizations supporting young people. Their goal is to engage 50,000 young people, who will in turn innovate, take action and inspire 100,000 individuals in their communities by 2015.
- The Starbucks Foundation is also focused on providing access to glean water, fostering education in China, and rebuilding the Gulf Coast.
Starbucks is winning the world over. They appear on just about every company ranking list from the most admired, most innovative, best corporate citizen, most sustainable, and best companies to work for. Starbucks also continues to grow, even in an industry deeply impacted by the economy. For 2010, total net revenues increased 9.5% to $10.7 billion.
GIVING IS WINNING: STARBUCKS