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Corporate Social Responsibility
News
8.03.2005 ET
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Launch Of Ethos Water Demonstrates Starbucks Leadership Role In Helping Children Around The World Get Clean Water
Starbucks Sets Contribution Goal of $10 Million Over Five Years Showcasing Company's Corporate Social Responsibility Efforts
(CSRwire) SEATTLE--(BUSINESS WIRE)--Aug. 3, 2005-- Starbucks Coffee Company
(Nasdaq:SBUX) today announced the official launch of Ethos(TM) Water in
its U.S. Company-operated stores. Additionally, to highlight Starbucks
long history of integrating a social conscience into all aspects of its
business, the Company announced a contribution goal of $10 million over
the next five years, through Ethos Water, to help children and their
communities around the world get clean drinking water.
Ethos Water, which was acquired by Starbucks in April and founded in
2002 by Peter Thum and Jonathan Greenblatt, was born out of Thum's
personal experience. While working in South Africa in 2000 and 2001, he
witnessed, first-hand, an example of the severity of the world water
crisis. This experience made him realize that people take access to clean
drinking water for granted. Thum conducted research and learned that the
lack of clean water was one of the world's greatest health problems and
that in some regions approximately $25 would enable access to an adequate
amount of clean water for one person. Thum joined with Greenblatt, his
business-school friend, who had also seen similar conditions overseas
through his U.S. government work. Together, they founded Ethos as a means
to raise awareness and funds to bring clean water to children around the
world, under the simple principle "water for water."
With the launch of Ethos(TM) Water in nearly 5,000 U.S. Company-operated
Starbucks stores, Starbucks hopes to inspire and empower customers to play
a personal role in helping children and their communities around the world
get clean water. By purchasing Ethos(TM) Water, customers can be part of a
unique opportunity to help make a difference. Five cents from the sale of
each bottle of Ethos(TM) Water will support Starbucks goal of donating $10
million over the next five years to non-profit organizations that are
helping to alleviate the world water crisis.
"We see the significant opportunity to make a difference by coupling our
belief in integrating a social conscience into all aspects of Starbucks
business with Peter and Jonathan's unwavering commitment to educating the
U.S. public about the world water crisis,"
said Jim Donald, Starbucks president and chief executive officer. "We
believe that Starbucks brand awareness and relevancy, strong and loyal
customer base, and broad reach will help Ethos Water realize its vision in
a larger and more impactful way."
Through the Ethos Water mission, Starbucks is currently making a
difference by supporting efforts to bring clean water to children and
their communities in developing countries through support of non-profit
organizations such as UNICEF, CARE, WaterAid and WaterPartners
International. Starbucks hopes to help raise awareness about this work and
become a productive and significant collaborator in support of solutions to
the world water crisis, and will continue to leverage Company initiatives
and efforts so that they complement efforts already under way by these and
other organizations.
"Our vision to empower millions of people to make a difference is now a
reality as the result of the launch of Ethos(TM) Water in Starbucks stores
and our goal of contributing $10 million over the next five years," said
Thum and Greenblatt, Ethos co-founders and Starbucks vice presidents. "It
is exciting when you consider how Starbucks can scale this vision and
expand Ethos reach to build a community of engaged consumers across the
country to help more children around the world get clean water."
Starbucks has a long history of giving back to communities where it
operates through social and environmental programs and projects. In
addition, the Company has received numerous awards for its leadership in
sustainable business practices. In January 2005, Starbucks was awarded the
World Environment Center's award for C.A.F.E. (Coffee and Farmer Equity)
Practices, Starbucks coffee buying guidelines. Additionally, Starbucks
recently released its fourth annual Corporate Social Responsibility
Report, the full text of which is available on Starbucks.com.
For more information about Ethos Water, please visit http://www.ethoswater.com.
About Starbucks
Starbucks Coffee Company is the leading retailer, roaster and brand of
specialty coffee in the world, with more than 9,500 retail locations in
North America, Latin America, Europe, the Middle East and the Pacific Rim.
The Company is committed to offering the highest quality coffee and the
Starbucks Experience while conducting its business in ways that produce
social, environmental and economic benefits for communities in which it
does business. Its recent acquisition of Ethos(TM) Water highlights
Starbucks long history of integrating a social conscience into all aspects
of its business. In addition to its retail operations, the Company produces
and sells bottled Frappuccino(R) coffee drinks, Starbucks DoubleShot(R)
espresso drink, and a line of superpremium ice creams through its joint
venture partnerships, and Starbucks Coffee Liqueur(TM) through a marketing
and distribution agreement. The Company's brand portfolio provides a wide
variety of consumer products -- innovative superpremium Tazo(R) teas and
exceptional compact discs from Starbucks Hear Music(TM) enhance the
Starbucks Experience through best-of-class products. The Seattle's Best
Coffee(R) and Torrefazione Italia(R) coffee brands enable Starbucks to
appeal to a broader consumer base by offering an alternative variety of
coffee flavor profiles.
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Copyright Business Wire 2005
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