Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Cadbury Announce World’s Largest Sustainable Cocoa Plan

World’s Largest Chocolate Company Announce World’s Largest Sustainable Cocoa Programme

Auckland November 23 2012 - The parent company of Cadbury New Zealand, Mondelēz International (formerly Kraft Foods), has announced plans to invest a minimum of US$400MM over 10 years in sustainable Cocoa Programmes globally, with a key focus area to be the Asia Pacific region.

One of the most significant announcements made in recent history regarding sustainable agricultural practices, Cocoa Life is set to be a game changer on the global stage.

Simon Talbot, Director Corporate Sustainability, Australia / New Zealand today said Cocoa Life was a bold ambition, but as the world’s biggest chocolate company1 he believes this is a necessary step to take to help transform the livelihoods of cocoa farmers and their communities over the long term.

“What this means for the Australian and New Zealand business, is that we will begin to source the majority of our Cocoa from the Asia Pacific.

“We are currently evaluating opportunities through the Asia Pacific in areas such as Sumatra, Sulawesi, West Papua, Papua New Guinea as well as a number of Pacific Islands, where a significant proportion of the US $400 investment will occur.

“Our Cadbury New Zealand business has a long standing commitment to sustainable sourcing both locally, buying milk from New Zealand famers, and internationally through its support of Fairtrade and Rainforest Alliance, but Cocoa Life talks this commitment to a new level.”

The Cocoa Life approach is to create win-win relationships and benefit farming communities in five key ways: higher incomes from more productive farming, community empowerment, secondary livelihoods, inspiring young people and protecting the environment.

Cocoa Life will reach more than 200,000 farmers across six countries, benefitting more than a million people, and ultimately lead to all our cocoa supply being sourced sustainably, with third-party verification. In the meantime, we will report annually on progress towards our goals.

Talbot continued, “The Mondelēz International ambition is high: to inspire a new generation of cocoa farmers we need to transform the cocoa industry by creating benefits across the value chain.

“We can only achieve this by putting cocoa farmers at the centre of a holistic approach co-created with our partners – farmers, communities, governments, NGOs and suppliers. Cocoa Life embodies community empowerment as an integral component of a long-term sustainable productivity program.”

1 (Source: Euromonitor 2011, Kraft Foods analysis)

-ends-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news