Discover How Coyol Free Zone Leads the Way in Integrating Sustainability and Innovation into Free Trade Zones
Free Trade Zones (FTZ) are increasingly important in the global economy, serving as key recipients of Foreign Direct Investment (FDI) from multinational companies, creating quality jobs, stimulating economic growth, and promoting local value chains.
It is essential for Free Trade Zones and countries to stay competitive by offering incentives to create investment environments which attract FDI.
More importantly, they should adapt their strategies to align with the demands of industries regarding sustainable development, environmental concerns, and resilience.
Companies are adopting more consistent sustainability strategies and reevaluating their approach to products, technologies, processes, and business models, which Free Trade Zones must also address considering this new reality.
At Coyol Free Zone, we do recognize that investing in sustainability yields significant benefits. These include gaining a competitive advantage and supporting Costa Rica’s green vision for development.
Coyol Free Zone‘s approach to sustainability covers several areas, beginning with the design of our Park. We have created a business environment where companies benefit from an optimized setting that incorporates sustainability into the facilities and the amenities, as well as into logistics, and the management of the zone.
Companies in our Park also prioritize a model where employees can develop their careers and enjoy working environments where they can have healthy meals, exercise, and have recreation time.
Companies can view Free Trade Zones as tools to address their challenges in sustainable development. In this way, Free Trade Zones can enhance their competitiveness by meeting the increasing demands of multinationals and their suppliers for responsible social and environmental practices.
Free Zones must adopt a multifaceted approach to sustainability to thrive in the future. Current trends indicate the need for a redesign in the development and operation of industrial parks. Therefore, implementing good social and environmental practices is essential.