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

 

Housing: Affordability Drops 14%, Driven By Auckland Prices

Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report More>>

ALSO:

The Dry: Fonterra Drops Forecast Milk Volumes By 3.3 Percent

Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. More>>

ALSO:

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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