Reybanpac was awarded as a Triple Impact Company: economic, social and environmental

Ekos, one of the main business magazines in Ecuador, awarded Reybanpac among the Best Companies with Triple Impact: economic, social and environmental. Vicente Wong, CEO of Favorita Fruit Company received the award on behalf of the entire Reybanpac team, the only company recognized in the “Agriculture and Forestry” category.

Ricardo Dueñas, executive president of the EKOS group, pointed out that the objective behind the activities they carry out is “to promote a fully sustainable, socially just, environmentally safe, economically prosperous and inclusive world.”

Vicente Wong highlights the importance of this type of initiative: “This award drives us to achieve even greater goals in our journey as a responsible company that seeks to make a positive impact. Reybanpac is a company with a purpose, and our actions will always be closely linked to generating well-being and development for our people and the communities that surround us; taking care of the planet, which is our common home. We thank Ekos for the recognition it gives us, and we congratulate them for being promoters in the business world of sustainable practices”.

In its methodology, Ekos’ evaluation committee determined the best companies by sector taking as criteria their position in their market, revenue growth, profitability, tax contribution, as well as the contribution and commitment of each company to sustainability, focusing on the best practice postulated in the environmental, social, diversity and inclusion fields. The results were evaluated by the firm Deloitte.

Reybanpac presented his Productive Technical Baccalaureate (BTP) program with a specialty in agricultural entrepreneurship; its circular economy project focused on making use of plastic waste; and its actions to promote respect for human rights and gender equality.

The objective of the BTP is to generate opportunities for social transformation and economic growth for young people in rural areas through specialized training in banana production, obtaining a professional technical degree that increases their job opportunities inside or outside our organization. This dual education program, developed in agreement with the Wong Foundation and the Ministry of Education, began in 2021 and remains in force.

At the same time, Reybanpac set itself the challenge of identifying opportunities to use plastic waste from its 43 farms in such a way that they contribute to its operation and/or social programs. Thus, currently 100% of the waste is incorporated into this plan undertaken at the end of 2021. To date, more than 300,000 plastic posts have been produced for banana export pallets, and a set of recreational games for the Segundo Wong educational unit as results of this project.

“Our work does not end there. There are several projects that we are implementing in the environmental and social field, and we will continue to advance in them. We believe that sustainability is the best way to add value for our clients and consumers, but also the only way to guarantee a better future for our collaborators, rural communities and our country”, Vicente Wong.

About Reybanpac

Reybanpac is one of the leading producers-exporters of Premium Bananas in Ecuador. Its flagship brand, Favorita, is distributed in 5 continents. With 45 years of experience, Reybanpac governs its business model in the principles of sustainable production and compliance with the highest quality standards.