FDBusiness.com

Mondelez International to Invest $400 Million in Sustainable Cocoa Farming

 Breaking News
  • Lidl Becomes the UK’s Seventh Largest Supermarket The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks ending 13 August 2017, show Lidl has increased its market share to a new record high of 5.2% – up 0.7 percentage points year on year – to become the UK’s seventh largest grocer. Fraser McKevitt, head of retailer and consumer insight at [...]...
  • 2 Sisters Plans Investment in Welsh Plant Britain’s biggest food manufacturer, 2 Sisters Food Group, has announced plans to expand supply from its Welsh processing facility in Merthyr Tydfil. The £1.4 million investment in the beef and sheep plant will be spent on modernising the beef boning hall and improving efficiency, quality and process control. Ranjit Singh, chief executive of 2 Sisters Food [...]...
  • Towards a Fairer Food Supply Chain – European Commission Asks For Input The European Commission is launching an EU-wide public consultation on how to make the EU food supply chain fairer. Farmers, citizens and other interested parties are invited to share their views on the functioning of the food supply chain through an online consultation that runs until 17 November. There are indications that the added value [...]...
  • Bord Bia Leads First Irish Presence at Japan International Seafood & Technology Expo Bord Bia (Irish Food Board) and Irish seafood exporters will exhibit for the first time at Japan International Seafood and Technology Expo in Tokyo  determined that its extensive market insight and promotion activity in South East Asia will lead to new business opportunities. The Bord Bia seafood strategy of expanding into emerging markets and maintaining its strong position in [...]...
  • New Video Guide to WCB Universal Twin Screw Pumps SPX FLOW is committed to providing excellent support and ensuring customers get the most from their equipment. As part of this regime, a series of maintenance videos have been created which provide clear, step-by-step guides to the correct maintenance procedures for SPX FLOW pumps, valves and other products. Properly maintaining equipment is an essential part [...]...
  • World’s Most Modern Snack Plant Begins Operations in Finland The world’s most modern dairy snack plant has commenced operation at Valio Riihimäki in Southern Finland. The snack plant is the largest single investment in Valio’s history. Construction of the new snack plant began in 2014 and took about three years. The area of the plant building is approximately 20,000 square metres. The plant is [...]...

Mondelez International to Invest $400 Million in Sustainable Cocoa Farming

Mondelez International to Invest $400 Million in Sustainable Cocoa Farming
November 23
11:36 2012

Mondelez International has unveiled “Cocoa Life” – the company’s largest, most comprehensive cocoa sustainability effort to date. As the world’s largest chocolate company, it will invest $400 million over the next ten years to improve the livelihoods and living conditions of more than 200,000 cocoa farmers and about one million people in cocoa farming communities. Cocoa Life will bring a $100 million new investment to Cote d’Ivoire- the world’s largest cocoa producing country – to help 75,000 farmers double their productivity.

“I’m proud of Mondelez International’s $400 million investment in Cocoa Life – a distinctive, holistic approach to cocoa sustainability that will create a cycle of growth from bean to bar,” says Tim Cofer, executive vice president and president, Europe, Mondelez International. “Our mission is to create thriving cocoa communities and help secure the future of the cocoa industry.”

Cocoa Life will collaborate with governments, civil society and suppliers with a mission to transform the cocoa supply chain. The company is already working with third party experts such the United Nations Development Program, the World Wildlife Fund and Anti-Slavery International to develop a robust set of principles for success and ways to measure progress.

Cocoa Life is based on Mondelez International’s successful Cadbury Cocoa Partnership in Ghana,Indiaa nd theDominican Republic. In Ghana, the Partnership has helped create a 20 percent increase in cocoa yields, a 200 percent increase in household incomes and an 80 percent increase in government-backed development projects in the first phases of the project between 2009-2011. The company continues to expand its reach to more communities in Ghana and extended the partnership to the Dominican Republic in 2011. And in India, the company has been working directly with cocoa farmers for 50 years.

Cocoa Life reflects Mondelez International’s core values and builds on its previous commitments, including its goal to sustainably source 100 percent of its European coffee by 2015 and its ‘Coffee Made Happy’ initiative to invest at least $200 million to empower one million coffee farming entrepreneurs by 2020.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements