If you’ve ever wandered through the dairy aisles during a trip to the grocery store, chances are you’ve come across a sprawling selection of Chobani products.
Founded by Hamdi Ulukaya in 2005, Chobani has since become a household name for many consumers in the United States. As the second largest U.S. yogurt manufacturer, it’s best known for its Greek yogurts, but the brand also has a wide array of non-dairy yogurts, coffee creamers, and oat milks.
Chobani’s Sustainability Efforts
Two months ago, Chobani made a huge step toward sustainability by collaborating with Fair Trade USA to launch a first-of-its-kind certification for U.S. dairy. As part of their Milk Matters Program, this new Fair Trade Certification empowers dairy workers to reduce their environmental impacts by promoting more transparency in dairy farms.
Chobani has worked with other organizations too—such as the World Wildlife Fund and the National Milk Producers Federation—to reduce its carbon footprint.
The Importance of Chobani’s IPO
In recent years, interest in the food sector among investors has increased—especially with the rise of environmentalism and sustainability. Now, Chobani is filing for an IPO. But, what does this mean? And why is it important?
When a company files for an IPO, they’re taking the steps to become a publicly owned and traded entity. Companies will often go public in order to diversify their ownership and expand capital through public investors. Experts believe that Chobani’s initial public offering (IPO) could be valued at more than 10 billion dollars.
Why does this matter? Well, Chobani is one of the most popular food companies on the market. It’s a big deal that Chobani is launching more Fair Trade Certified products, and an even bigger deal that they’re wanting to do it all publicly.
This huge win for Chobani could also mean increased investment in other companies that are more environmentally-conscious. And with demand on the rise, other well-known corporations might be fueled to make more sustainable moves themselves to keep up.
These big corps have a lot of power, and when that power benefits people and the planet? Yeah, we’re all for it.
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