Favorite Corporation contributes to the economic reactivation of Ecuador

The investment in these premises is part of the $ 750 million that Corporación Favorita will invest until 2022 in four areas: commercial, industrial, real estate and environmental. With this initiative it is expected to generate new direct employment positions. Currently, Corporación Favorita has more than 16 thousand employees in Ecuador.

Timeline of highlights in 2021

March

New distribution center is built in Panama

Corporación Favorita will finance, over the next 5 years, the construction of the new Grupo Rey Distribution Center, one of the largest food retail platforms in Panama, with 102 branches in eight different formats. $ 80 million will be invested in the center and 1,200 jobs will be created during its construction and another 400 during its operation stage, which will benefit 45,000 families in the Pacora district, eastern sector of Panama.

July

Pilot Plan of internal vaccination for workers of private companies

Favorita supports the expansion of the coverage of the national Vaccination Plan by donating supplies and supplies to the Ministry of Health. Vaccination began on July 5, 2021 and was carried out in nine cities in Ecuador, vaccinating more than 5,000 people in one day.

Currently, the company also supports logistics and operations for the vaccination of youth and children nationwide.

Joins the Coalition for Water Security of Ecuador

This initiative seeks to generate solutions on an adequate use of water in Ecuador. The coalition is the result of a process convened by The Nature Conservancy Ecuador Y the NGO Latin American Alliance of Water Funds and in which more than 30 organizations have participated.

September

Endorsement of export processes and product handling

The BASC Certification Committee endorses Corporación Favorita as a company that guarantees that both in its facilities and in its export processes its cargo does not have the possibility of contamination (contraband and drugs) at any stage, ensuring safe trade based on analysis carried out on the results of the audit carried out on the company’s Control and Security Management System.

Cemefi delivers ESR badge

The Mexican Center for Philanthropy (Cemefi) awards the ESR (Socially Responsible Company) badge to Corporación Favorita for being an ethical company, providing a pleasant environment to its employees, for its link with the community and the environment.

October

TIPTI is the new member of Corporación Favorita

Corporación Favorita acquires a minority stake in TIPTI SA with the purpose of undertaking new ways of marketing products and reaching the homes of its customers.

Joins the environmental initiative ‘Towards the ecological transition’

In this program, directed by the Ministry of the Environment, Water and Ecological Transition, the member companies will gradually adopt the different levels established in the Ecuador Zero Carbon Program (PECC) with the aim of achieving neutrality of their greenhouse gas emissions.

November

Presentation of an app that promotes recycling

GIRA presents its new mobile application to facilitate recycling and promote a sustainable culture while providing benefits to those who care for the planet. It is an application that rewards those who recycle in the GIRA Points nationwide through the accumulation of ReciPuntos that can then be exchanged for discounts on products of the participating brands within the premises of Corporación Favorita.