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Mondelēz announces another $600 million investment in Cocoa Life program

Mondelēz announces another $600 million investment in Cocoa Life program

Mondelez announced the Cocoa Life program, which is backed by an additional $600 million through 2030 and a total investment of $1 billion since the program's inception.

editor by editor
26/10/2022
in Company News
Reading Time: 1 min read
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“As one of the world’s leading snack companies, continuing to get our most important ingredients right, like cocoa, is a priority and Cocoa Life is at the heart of this strategy,” said Dirk Van de Put, Chairman and CEO. Mondelēz International. “While we are excited by the promise of our investments, we call for further industry-wide effort and action to make greater impact, including new private-public partnerships, as we aim to catalyze the groundbreaking collaboration to move cocoa forward together.” ”

Cocoa Life was launched in 2012 to create an integrated approach that seeks to secure a more sustainable supply of cocoa and address the root causes of systemic problems in cocoa under one roof, including farm productivity, farmer livelihoods, community development and helping to combat child labor and deforestation. was also introduced. program. Ten years later, the program has reached critical scale, with more than 200,000 farmers participating in the program, $400 million in investment by the end of 2022, and measurable impact results, including:

  • Farmer net incomes have increased ~15% in Ghana and ~33% in Cote d’Ivoire
  • Cocoa yields are higher, with double-digit percentage increases in farmers earning a living income
  • 61% of Cocoa Life communities in West Africa covered with Child Labor Monitoring and Remediation Systems, with a goal to reach 100% by 2025
Tags: #Africa#chocolate#cocoa#farmer#food#foodbusiness#foodflavor#foodingredients#mondelez#mondelezinternational#Sustainability#sustainableingredients#sustainablelife#sustainablepackagingcompanyFoodssnack
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