Praxis supports sustainable farming in Costa Rica
Banco Davivienda finances agribusinesses committed to sustainability

The use of funds is exclusively earmarked for companies holding an eligible sustainability certification in either Rainforest Alliance or Fairtrade practices.
The company has seen positive results from its clients through the creation of green jobs and improved end-borrower practices that have led to the reduction of CO2 emission, soil degradation and loss of water for irrigation.
Impact story: Upala Agricola committed to sustainability
The region of Upala, Costa Rica, is bordered by Nicaragua to the north, two rivers to the northwest and southeast, and the Cordillera de Guanacaste mountain range to the south. Although traditionally a cattle ranching region, its microclimate and rich soil make it ideal for growing pineapples.
Upala Agrícola has achieved carbon neutrality by minimizing energy use, planting trees, and buying carbon credits. More than 3,000 native trees are grown in the company’s tree nursery. These trees are used for restoration projects. For example, the company grows the tropical hardwood Almendro Amarillo – the main shelter of a local endangered green parrot.
In addition to the efficient management of natural resources, Upala Agrícola has been able to recover land that was degraded and deforested due to livestock farming. Water sources previously contaminated by cattle are now protected by natural barriers that prevent runoff of polluted water.
Finally, as the company is the largest employer in the area, it runs a Corporate Social Responsibility program aimed at maintaining good relationships with local communities. This includes helping improve roads and supporting educational and health projects.
The Praxis commitment
Praxis Investment Management supports organizations such as the Banco Davivienda through investments in Calvert Impact, an impact-investing institution that helps people around the world through community development financing. It’s part of the Praxis commitment to place approximately 1% of each of its funds to benefit neighborhoods and individuals through community development investments.