University for Peace Joins Water for the Future, Coca-Cola’s Water Replenishment Project
University for Peace, Rodrigo Carazo Campus, 29 October 2015. In October of 2015, the University for Peace (UPEACE) signed an agreement whereby it became a part of the Coca Cola Company System’s Water Replenishment Program in Costa Rica. Through this initiative, the Coca-Cola Company seeks to achieve a neutral water footprint by 2020.
In June 2011, The Nature Conservancy (TNC), the FEMSA Foundation, the Inter-American Development Bank (IADB) and the Global Environment Fund (GEF) created the Latin American Water Funds Partnership, with the shared vision of preserving and restoring the health of the water basins, in order help protect important water sources in the region.
Within this context, the Coca-Cola System in Costa Rica and the Latin American Water Funds Partnership launched Water for the Future, an initiative in which the parties work together to restore the water used for industrial purposes to both nature and the affected communities, in an effort to mitigate risks such as water shortages, as well as to contribute to its availability in the future.
In 2014, the Coca-Cola System in Costa Rica launched the Water Replenishment Program as part of Water for the Future. Through this initiative, conservation and reforestation activities are carried out on more than 500 hectares of the Macho River basin and the Poas River. The replacement of about 1.2 million cubic meters of water will be reached, equivalent to the volume of approximately 480 Olympic swimming pools.
"With the signing of this agreement, we as Coca-Cola FEMSA reaffirm our commitment to sustainable development and the welfare of the communities where we operate. We believe that public-private partnerships with civil society are essential to achieve these goals", said Catherine Reuben, Corporate Affairs Manager for Coca-Cola FEMSA.
As part of the objectives of the Coca-Cola System in Costa Rica of giving back to nature and the communities where it is present the same amount of water used in the production of their products by 2020, and considering that the UPEACE natural reserve provides the water supply for the town of El Rodeo and two additional surrounding communities, the University for Peace signed this agreement as a sign of its commitment to support and ensure the protection of the forest’s water resources.
With this, the organizations involved agreed to reforest and protect the UPEACE forest reserve, which houses several water springs and aquifers. In the case the activities related to forest protection, the University for Peace has reaffirmed its pledge to maintain the current forest cover in order to avoid erosion and superficial water runoff. These efforts will be manifested through a process of constant water infiltration due to an avoidance of deforestation, which is greater than that which occurred through the use of alternate ground use methods such as pasture lands or agriculture and, therefore, a greater amount of water can be ensured for productive purposes.
As part of this project, FUNDECOR provides guidance and technical support throughout the entire process in order to ensure that the protection activity generates the highest possible environmental revenues without disturbing the integrity of the landscape and the ecosystem.
# # #
About the Latin American Water Funds Partnership
The Alliance is a mechanism founded by the Inter-American Development Bank, FEMSA Foundation, The Nature Conservancy and the Fund for the Global Environment. It provides technical and financial assistance for the creation and strengthening of Water Funds. It supports the implementation of local actors, helping to establish the management structure for each fund. It also provides recommendations and knowledge to strengthen the operation of the funds, and facilitates the exchange of experiences and best practices among Water Funds and other actors. It permanently supports existing funds, structures new funds, leverages major resources, creates strategic alliances, implements technical guidelines, and creates tools consolidate the Water Funds initiatives throughout Latin America and the Caribbean. It aims to contribute to the protection of watersheds and to help ensure water supply both in quantity and quality in benefits of the populations of Latin America, through the conservation of natural resources and sustainable growth as the core values.
About the University for Peace
Established as an organization with its own Charter in an international agreement promoted by the General Assembly of the Resolution 35/55 of December 5, 1980, the University for Peace has the mission to "provide humanity with an international institution of tertiary education for peace, with the aim of promoting among all human beings a spirit of understanding, tolerance and peaceful coexistence, to stimulate cooperation among peoples and to help lessen obstacles and threats to world peace and progress in the maintenance of the noble aspirations proclaimed in the United Nations Charter". The headquarters of the University for Peace are in Costa Rica, a country with an important international recognition for its efforts to promote peace and democracy.
About the Coca-Cola System
The Coca-Cola Company is the world's largest beverage company, refreshing consumers with more than 500 brands of soft and carbonated drinks. Led by Coca-Cola, one of the most valuable and recognized brands in the world, the Company's portfolio includes 17 brands valued at over one billion dollars including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we are number one provider of sparkling beverages, ready-to-drink coffees, juices and juice-made drinks. Through the world's largest beverage distribution system, consumers in more than 200 countries enjoy our beverages at a range of more than 1,900 million servings a day. With a commitment to building sustainable communities, our Company is focused on initiatives that reduce our environmental footprint, supports active and healthy lifestyles, fosters the creation of environments that are safe and inclusive workplaces for our associates, and enhances the economic development of communities in we operate. Together with our bottling partners, we are considered one of the 10 largest private employers in the world, with more than 700,000 system partners. For more information, visit Coca-Cola Journey www.coca-colacompany.com site, follow us on Twitter at twitter.com/CocaColaCo visit our blog, Coca-Cola Unbottled in www.coca-colablog.com, or find us on Today in www.linkedin.com/company/the-coca-cola-company.
Sofía Cortés, Communications Officer
Phone: (506) 2205-9008 / firstname.lastname@example.org