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

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news