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Chiquita wins CERES-ACCA Award for Outstanding Sustainability Reporting

Submitted by: Chiquita Brands International, Inc.

Categories: Corporate Governance

Posted: Apr 01, 2003 – 11:00 PM EST


Apr. 01 /CSRwire/ - NEW YORK, NY - Chiquita Brands International, Inc. (NYSE: CQB) earned the first-ever CERES-ACCA Award for Outstanding Sustainability Reporting for its 2001 Corporate Responsibility Report. The Coalition of Environmentally Responsible Economies (CERES) and the Association of Chartered Certified Accountants (ACCA) presented the award earlier today during the CERES 2003 Advancing Sustainable Governance Conference.

"The judges felt Chiquita's report was a pioneering and open report, honestly discussing the relevant, if difficult, issues for your sector and company," said Mindy S. Lubber, executive director of CERES. "The report states your company's goals and current performance very clearly, demonstrating that these issues are being seriously addressed."

"We're very proud to receive this recognition for our transparency in addressing issues of environmental, social and financial performance," said Jeff Zalla, Chiquita's corporate responsibility officer. "Reporting is an essential part of our efforts to continually achieve high standards of corporate responsibility, which have become a source of tremendous pride for our employees and an essential part of our culture and business strategy."

Chiquita's corporate responsibility reports for 2001 and 2000 are available from the company's web site at www.chiquita.com.

The purpose of the CERES-ACCA awards program is to contribute to reporting on sustainability, environmental and social issues by corporations and other organizations across the United States, reward best practice, provide guidance to other entities that are publishing or intend to publish sustainability reports and increase accountability to stakeholders.

CERES is a coalition of more than 80 organizations, including leading environmental groups, such as the World Wildlife Fund and Friends of the Earth; investors, advisors and analysts representing more than $300 billion in invested capital, such as the Interfaith Center on Corporate Responsibility, the New York City Comptrollers Office and Social Investment Forum; and various public interest and community groups. Since its founding in 1989, CERES has persuaded dozens of companies to endorse the CERES Principles and cofounded the Global Reporting Initiative (GRI). For more information, visit www.ceres.org.

Headquartered in London with an extensive network of 70 offices around the world, the ACCA is the world's largest and fastest growing global professional accountancy body, with more than 300,000 students and members in 160 countries. Additional information is available at www.acca.co.uk

Chiquita Brands International is a leading international marketer, producer and distributor of high-quality fresh and processed foods. The company's Chiquita Fresh division is one of the largest banana producers in the world and a major supplier of bananas in North America and Europe. Sold primarily under the premium Chiquita® brand, the company also distributes and markets a variety of other fresh fruits and vegetables. Additional information about Chiquita and its corporate responsibility efforts are available at www.chiquita.com.

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