As one of the leading green coffee companies in the world, Mercon is deeply invested in every part of the global supply chain – from the farmer right through to the consumer. With a 70 year history, they know the sustainability of the farmer is at the core of that supply chain.
Coffee producers around the world have made significant progress in improving their productivity and sustainability by using updated farming technology and practices. However, many smaller farms don’t have access to these resources and are at risk of not making a sustainable living income. That’s why Mercon developed LIFT.
LIFT is an ongoing educational and technical support program designed to help farmers learn how to increase productivity in an environmentally friendly way while also improving the quality of life in the surrounding community. Mercon also works closely with Seeds for Progress Foundation, which provides quality education to students in schools within coffee growing regions. This includes providing technology to schools and training to teachers who work there. By investing in the infrastructure of farms and communities, the company’s goal is to help both producers become more sustainable over time.
With this purpose as their guiding principle, Mercon looks to partner with companies – both partners and clients – who value sustainability in the same way they do. That’s what led them to start looking for more sustainable financing to support the work they were doing.
In 2019, the company partnered with HSBC on the first coffee-only green revolving credit facility. To measure their progress, Mercon developed a custom LIFT index, which considers all their major environmental, social and economic KPIs. These KPIs were then linked to specific ESG goals. When KPIs are met, the company receives a discount on the facility, which is reinvested directly back into its social programs.