Baking

Mondelez adds $600 million to its cocoa sustainability program

CHICAGO — Mondelez International plans to invest an additional $600 million, bringing total investment to $1 billion, in its Cocoa Life program by 2030. The company aims to work with approximately 300,000 farmers in the program by 2030, which would be up from the current 200,000 farmers.

Chicago-based Mondelez launched Cocoa Life in 2012 to ensure a more sustainable cocoa supply and establish an integrated approach to solving systemic issues in the cocoa industry, including agricultural productivity, farmer livelihoods, community development, child labor and deforestation. Since then, farmers’ net incomes have increased by around 15% in Ghana and 33% in Côte d’Ivoire. Child labor monitoring and remediation systems cover 61% of Cocoa Life communities in West Africa. The goal is to reach 100% by 2025.

“As one of the world’s leading snacking companies, it is a priority to continue manufacturing our most important ingredients, such as cocoa, and Cocoa Life is at the heart of this strategy,” said Dirk Van de Put. , CEO of Mondelez International. “While we are excited by the promise of our investments, we call for more effort and industry-wide action to achieve greater impact, including new public-private partnerships, as we aim to to catalyze innovative collaboration to help move cocoa forward together. .”