Austin, Texas, march 29 /prnewswire-firstcall/ -- Whole Foods Market
(nasdaq: Wfmi), The Worlds Leading Natural And Organic Foods Supermarket,
announced Today That It Has Created The Whole Trade Guarantee, A Buying
program That Brings Together A Set Of Strict Criteria For Products From
developing Countries To Ensure:
-- Exceptional Product Quality,
-- More Money For Producers,
-- Better Wages And Working Conditions For Workers,
-- Sound Environmental Production Practices That Promote Biodiversity,
And
-- Support Of Poverty Eradication Via Donating One Percent Of Product
Sales To The Whole Planet Foundation(tm).
"with Our Shoppers Growing Concern About Ethical And Responsible Trade
and With Our Companys Increasing Scale And Scope, The Time Is Right For Whole
foods Market To Help Make More Of An Impact," Said Whole Foods Markets
co-founder And Ceo john Mackey. "we Have A Long Track Record Concerning
ethical Business Practices, Equitable Pay For Team Members And Suppliers, Safe
working Environments, And Love And Respect For All People And The Earth. We
are Extending That Concern To The Global Community By Bringing Products From
developing Areas To The Marketplace In A Way That Is A Win For The Producers
and Their Families, For Our Shoppers, For The Environment, And For The
developing World Communities Where We Do Business."
Quality
Whole Foods Market Is Passionate About Great Tasting Food And Ensures That
foods In The Whole Trade Guarantee Program Are The Highest Quality Products In
their Category. Each Whole Trade Product Must Meet The Same Strict Quality
standards That Guide The Companys Buyers Every Day In Decisions About Which
products To Offer Shoppers.
More Money To Producers
With The Markets Inevitable Price And Production Fluctuations, Paying
producers A Consistent Price For Their Products Covers Their Costs And More.
producers Receive A Premium Price For Their Goods As An Investment In Their
communities, Allowing Them To Put Money Back Into And Continually Improve
their Operation, Put Healthy Food On Their Table, And Cover Their Cost And
production Fluctuations. It Makes Sure That They Can Always Afford To Produce
their Product So That They Do Not Have To Abandon Their Work Or Jeopardize The
wellbeing Of Their Families To Make Ends Meet.
Better Wages And Working Conditions
The Whole Trade Program Gives Low-income Producers A Market To Sell Their
products While Ensuring Better Wages And Working Conditions For Workers. This
allows For Producers To Invest In Their Farms And Communities And Helps To
continue To Develop The Skills Of Workers.
Sound Environmental Practices
Whole Foods Market Seeks Out And Promotes Products That Are Grown Or
produced Using Sound Environmental Practices Such As Integrated Pest
management Systems And The Practice Of Soil And Water Conservation Techniques
like Reforestation And Composting.
One Percent Against Poverty
For Each Whole Trade Guarantee Product Sold, One Percent Of The Retail
sale Will Go To The Whole Planet Foundation Whose Mission Is To Create
economic Partnerships With The Poor In Those Developing World Communities That
supply Our Stores With Product. The Whole Planet Foundation Fights Poverty By
providing Grants For Micro Loans For Women Entrepreneurs.
"whole Trade Guarantee Is A Win-win Situation For Poverty Relief Because
it Ensures That Producers Receive A Premium Price And Marketplace For Their
goods And, Once The Products Are Sold At Whole Foods Market Stores, One
percent Of The Retail Price Will Go To The Whole Planet Foundation, Which Is
creating Real Results In The Fight Against Poverty By Providing Grants For
micro Loans For Women Entrepreneurs," Said Mackey.
To Put This Into Perspective, Selling Approximately 100 Bags Of Whole
trade Coffee Raises Enough Money To Fund A Micro Loan In central America. With
a $100 Loan Made Possible With The Whole Planet Foundations Assistance, For
example, A Woman In costa Rica Was Recently Able To Buy Additional Chickens
for Her Poultry Business. She Has Increased Her Monthly Income By 200 Percent
in Less Than Six Months And Has Been Able To Provide A Stable Home Environment
and Education For Her Grandchildren.
Identifying Whole Trade Guarantee Products
Whole Foods Markets Buyers Are Working With Highly Respected Third Party
certifiers -- The Rainforest Alliance(r) And Transfair Usa -- To Ensure That
the Whole Trade Guarantee Criteria Checklist Is Verifiable. In Addition To
acting As Certifiers, These Partners Aid Producers In Getting Their Products
to Market, Improving Their Operations, And Verifying And Tracking The Program
results.
"whole Foods Markets Whole Trade Guarantee Is A Ground-breaking Industry
initiative, Assuring Conscious Consumers That Their Purchase Benefits Farming
communities And Protects The Environment." Said paul Rice, Ceo And President
of Transfair Usa, Fair Trade Product Certifiers. "we Look Forward To
partnering With Whole Foods Market To Expand The Whole Trade Product Category,
and We Will Continue To Empower Millions Of Fair Trade Farmers And Workers In
70 Countries Throughout The Developing World By Connecting Them To This
wonderful Opportunity."
"whole Foods Markets Whole Trade Guarantee Is A Terrific Example Of
socially Responsible Leadership That Aims To Promote Environmental, Social And
economic Sustainability In Agricultural Production," Said Tensie Whelan,
executive Director Of The Rainforest Alliance. "we Look Forward To Working
together To Change Not Only The Way Goods Are Produced But Also The Choices
businesses Make And The Way Consumers Shop. Shoppers Can Be Assured That Their
dollars Are Supporting Farming That Benefits Workers And Communities Plus
protects The Environment When They Seek Out Whole Trade Products."
Shoppers Looking To Use Their Buying Power To Make A Difference Can Look
for The Whole Trade Logo On Shelves Near Some Of Their Favorite Products From
developing Countries. The First Whole Trade Items To Make It To Whole Foods
markets Stores In The united States And canada Will Include Products
primarily In The Grocery And Produce Departments Such As Tea, Cocoa, Bananas,
mangoes, Rice, Sugar, And Vanilla. In Addition, Three Of Whole Foods Markets
allegro Coffees -- Organic French Roast, Organic Guatemalan, And Organic el
salvador -- Will Carry The Whole Trade Guarantee.
The Companys Goal Is To Have Over 50 Percent Of Its Imported Products
from The Developing World Fall Under The Whole Trade Guarantee Program Within
ten Years. Over The Long-term, It Hopes To Hold All Developing World Products
it Sources To The Whole Trade Standard.
The Whole Trade Guarantee Project Officially Launches In Whole Foods
market Stores In The U.s. And canada With The Opening Of The Companys 195th
store In Manhattan At Bowery And houston Streets On march 29, 2007.
The Fair Trade Certified(tm) Label Is Backed By Transfair Usa
(http://www.transfairusa.org), The Only Independent, Third-party Certifier Of
fair Trade Products For The U.s. Market. Fair Trade Certification Ensures
products Were Produced In An Economically, Environmentally And Socially
sustainable Manner. Fair Trade Is The Only Product Certification That
guarantees Farmers Were Paid A Fair Price For Their Crops, And An Additional
social Premium For Long-term Community Development, Managed By Self-governing
farmers And Workers.
Rainforest Alliance (http://www.rainforest-alliance.org) Certification
focuses On Improving The Way Farms Are Managed, Ensuring Long-term
sustainability Through Tangible Requirements Including Dignified Working
conditions, Healthcare, Decent Wages, Wildlife Protection, And Water And Soil
conservation. By Working With Farms And Companies Of All Sizes, The Rainforest
alliance Aims To Mainstream Sustainability And To Transform The Way Global
business Is Done.
Whole Foods Market (http://www.wholefoodsmarket.com) Was Founded In
austin, Texas In 1980 And Is The Worlds Leading Natural And Organic Foods
supermarket And Americas First National Certified Organic Grocer. In Fiscal
year 2006, The Company Had Sales Of $5.6 Billion And Currently Has More Than
190 Stores In The united States, canada, And The united Kingdom. The Whole
foods Market Motto, "whole Foods, Whole People, Whole Planet"(tm) Captures The
companys Mission To Find Success In Customer Satisfaction And Wellness,
employee Excellence And Happiness, Enhanced Shareholder Value, Community
support And Environmental Improvement. Whole Foods Market, Harrys Farmers
market(r), And Fresh > Wild(r) Are Trademarks Owned By Whole Foods Market Ip,
lp. Whole Foods Market Employs More Than 41,500 Team Members And Has Been
ranked For Ten Consecutive Years As One Of The "100 Best Companies To Work
for" In America By Fortune Magazine.
Contact: ashley Hawkins (512) 542.0381
ashley.hawkins@wholefoods.com
source Whole Foods Market |