Nestle : Hispanic Federation launches coffee development initiative along with Nespresso, The Rockefeller Foundation and Starbucks
October 24, 2018 at 12:13 pm EDT
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The Hispanic Federation, together with the Miranda Family, today announced the launch of a five-year initiative to revitalize Puerto Rico's coffee sector. The founding partners include Hispanic Federation, Nespresso, The Rockefeller Foundation, Starbucks, TechnoServe, and World Coffee Research, all of which are committed to supporting smallholder coffee farmers on the island.
The Hispanic Federation has made the first investment of 1 million. Nespresso has also committed 1 million, and The Rockefeller Foundation has given 500'000. The Starbucks Foundation has given 470 000, and Starbucks also donated 2 million high quality, climate-resilient coffee seeds. TechnoServe, an international non-profit with a long history of work in the coffee sector, will lead implementation of the program with a Puerto Rican-led team.
These investments address the critical needs facing the Puerto Rican coffee industry, which was decimated after hurricanes in 2017 destroyed 80 percent of the coffee trees on the island. This initiative evolved out of a Task Force that was formed after Hurricane Maria, and currently includes Hispanic Federation, Starbucks, World Coffee Research, farmers, academics and other public and private partners, seeking to revitalize Puerto Rico's coffee sector.
'By investing in this long-term initiative, we aim to help Puerto Rico's farmers rebuild their farms and strengthen their industry,' said Guillaume Le Cunff, President and of Nespresso .
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Nestlé SA published this content on 24 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 October 2018 16:12:07 UTC
Nestlé S.A. is the world's leading agri-food group. Net sales break down by category of products as follows:
- powdered and liquid beverages (26.7%): soluble coffees (Nescafé and Starbucks brands), coffee in capsules (Nespresso), chocolate drinks (Nesquik, Milo, etc.), tea drinks (Nestea), etc.;
- pet food (20.3%): brands such as Purina, Friskies, Felix, etc.;
- pharmaceutical, nutrition and well-being products (16.4%): nutritional supplements (Resource, Boost, Nutren, Optifast, Peptamen brands, etc.), infant and maternal nutrition products (NAN, illuma, Cerelac, Nido, Gerber), ketogenic beverages (BrainXpert), (Nesquick, Fitness, Cheerios, Lion, etc.), etc.;
- ready meals and seasoning products (12.5%): frozen and chilled dishes (Lean Cuisine, Hot Pockets and Stouffer's brands), soups (Maggi), etc.;
- dairy products and ice cream (11.8%): powdered milk, sweetened condensed milk, yoghurt and cream desserts, ice cream (Nido, Nesvita, Carnation, La Laitière, Coffee Mate, Nestlé Ice Cream, Dreyers, Häagen-Dazs, Extrême brands, etc.);
- chocolates, sweets and biscuits (8.7%): Kit Kat, Smarties, Cailler, Terrafertil, etc. brands;
- bottled waters (3.6%): Nestlé Pure Life, Vittel, Perrier, S. Pellegrino, etc. brands.
Net sales are distributed geographically as follows: Switzerland (1.2%), France (3.8%), the United Kingdom (3.8%), Germany (2.4%), Europe (12.8%), the United States and Canada (35%), China (5.9%), Asia and Oceania (21.4%) and Latin America (13.7%).
NESTLÉ S.A. 
