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Chiquita Achieves SA8000 and EUREPGAP Certifications of Its Banana Farms in Colombia, Costa Rica and Panama

Chiquita Achieves SA8000 and EUREPGAP Certifications of Its Banana Farms in Colombia, Costa Rica and Panama

Published 02-17-04

Submitted by Chiquita Brands International, Inc.

Cincinnati - Chiquita Brands International, Inc. (NYSE: CQB) announced today that independent auditors have certified its banana farms in Colombia, Costa Rica and Panama to the Social Accountability 8000(1) labor and human rights standard and the EUREPGAP(2) food safety standard. Chiquita's operations are the first to earn SA8000 certification in each of these countries. The SA8000 certifications earned to date cover operations that employ more than 12,000 people, more than half of Chiquita's total employees. The EUREPGAP certifications cover approximately 14,000 hectares (35,000 acres), or about two-thirds of the company's owned banana farm operations.

Chiquita adopted SA8000 as the labor standard in its Code of Conduct in 2000 and is working toward compliance and third-party certification to SA8000 in all of its owned banana divisions. In 2002, Chiquita's banana division in Costa Rica became the first major agricultural operation in Central America to earn SA8000 certification.

"Our SA8000 and EUREPGAP certifications reflect this company's tremendous efforts and commitment to attain high ethical, social and environmental standards based on the principles of transparency and independent verification," said Fernando Aguirre, president and chief executive officer.

Independent auditing organizations - Bureau Veritas Quality International, European Food Safety Inspection Service and Intertek Testing Services - completed inspections of Chiquita's banana production, harvesting and packaging operations in December 2003, and the company received its certificates early this year. The company has committed to achieve EUREPGAP certification in 2004 and SA8000 certification in 2005 at its owned operations in Guatemala and Honduras.

Sustaining Progress in Corporate Responsibility

Comprehensive and verified assessments of Chiquita's environmental, social and financial performance are available publicly in its corporate responsibility reports. In addition to measuring performance at its Latin American banana divisions, Chiquita's third report, Sustaining Progress, extended the scope of the company's reporting along its supply chain, including for the first time Chiquita Global Logistics, which includes its ocean shipping operations known as the Great White Fleet.

"We take very seriously our responsibility to minimize environmental impacts," said Jeffrey Brown, senior vice president of Chiquita's Global Supply Chain Operations. "Transporting perishable products requires the use of refrigerants in ships, containers and cold storage facilities. This necessitates that we focus on the limited use of only environmentally friendly refrigerants, which will remain at the top of our environmental priorities."

Highlights from the company's third corporate responsibility report:

  • Saved more than $8 million annually from lower agrichemical use and pallet recycling
  • Days on strike fell by 25 percent in 2002 and 70 percent in 2003 compared to 2001
  • 100 percent of Chiquita's company-owned farms certified to the strict environmental standards of the Rainforest Alliance
  • Volume of purchased bananas from Rainforest Alliance-certified farms increased to more than 65 percent in 2003 from 33 percent in 2001
  • Set goal to phase out by 2007 all refrigerated containers using chlorofluorocarbons, which are known to contribute to the depletion of the earth's ozone layer
  • Reduced sulfur content of ship fuel to less than half the maximum - allowable 5 percent
An executive summary of Sustaining Progress may be downloaded from the company's web site in English and Spanish at www.chiquita.com.

Chiquita Brands International is a leading international marketer, producer and distributor of high-quality bananas and other fresh produce, which are sold primarily under the premium Chiquita(R) brand. The company is one of the largest banana producers in the world and a major supplier of bananas in North America and Europe. The company also distributes and markets fresh-cut fruit and other branded, value-added fruit products. Additional information
is available at www.chiquita.com.

(1) SA8000 is a comprehensive, verifiable standard based on International Labor Organization (ILO) and other human rights conventions. SA8000 sets performance standards in nine areas: child labor, forced labor, health and safety, freedom of association and the right to collective bargaining, discrimination, discipline, working hours, remuneration and management systems. For more information, visit Social Accountability International's web site at http://www.sa-intl.org.

(2) EUREPGAP (http://www.eurep.org) started in 1997 as an initiative of retailers belonging to the Euro-Retailer Produce Working Group (EUREP). The aim was to agree on standards and procedures for development of good agricultural practice (GAP) in fruit and vegetable production.

Investors, Monique Wise, +1-513-784-8935, or mwise@chiquita.com, or
News media, Michael Mitchell, +1-513-784-8959, or mmitchell@chiquita.com,
European media, Dennis Christou +32-3-203-9119, or dchristou@chiquita.com, all
of Chiquita Brands International, Inc.

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