Mondelēz International Doubles Down on Cocoa Life Program with Total Investment of $1 Billion by 2030; Calls for More Sector-Wide Action
25 Outubro 2022 - 5:05PM
Mondelēz International (Nasdaq: MDLZ) today announces the next
phase of its Cocoa Life program, backed by an additional $600
million through 2030, for a total $1 billion investment since the
start of the program, with the goal to increase cocoa volume at
scale and work with about 300,000 farmers in the program by
2030. With this investment, Mondelēz International aims
to catalyze ground-breaking sector collaboration to help address
systemic environmental and human rights challenges and improve
cocoa farmer livelihoods.
“As one of the world’s leading snacking companies, it is a
priority to continue making our most important ingredients, such as
cocoa, right, and Cocoa Life sits at the heart of this strategy,”
said Dirk Van de Put, Chairman & CEO, Mondelēz International.
“While we are excited about the promise of our investments, we are
calling for more sector-wide effort and actions to drive greater
impact, including new private-public partnerships, as we aim to
catalyze ground-breaking collaboration to help move cocoa forward
together.”
Mondelēz International introduced Cocoa Life in 2012 to secure
supply of more sustainable cocoa and establish an integrated
approach striving to tackle the root causes of systemic issues in
cocoa including farm productivity, farmer livelihoods, community
development, and helping combat child labor and deforestation,
together in one program. Ten years on, the program has reached
critical scale with over 200,000 farmers in the program, $400
million invested 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
Key lessons from the past 10 years will allow Mondelez
International to accelerate the Cocoa Life program and go further,
faster, as more work remains to be done. These learnings include
applying an integrated approach to help deliver impact at scale
suited to the farmer, community, and landscape; focusing on
enabling farmers to increase their income; and accelerating
innovation in cocoa production supported by incentives designed to
professionalize smallholder cocoa farming and introduce
climate-resilient, new producing models.
By 2030, Cocoa Life aims to increase the number of farming
households reaching a living income, enhance child protection
systems and access to quality education in Cocoa Life communities,
and seek no deforestation on Cocoa Life farms globally.
Program focus areas will include:
- Farmer Income: Working collaboratively to
develop a mechanism that supports a decent price for farmers and
working with women groups to help develop additional business
opportunities.
- Child Protection & Education: Continuing
to scale up Child Labor Monitoring and Remediation Systems and
actively engaging in public-private partnerships working towards
improving quality education.
- No Deforestation: Helping to strengthen
deforestation monitoring systems, promote agroforestry and make
forest conservation more attractive.
“As we celebrate the 10-year anniversary of Cocoa Life, we are
excited to announce the next phase,” said Christine Montenegro
McGrath, Senior Vice President and Chief Impact and Sustainability
Officer, Mondelēz International. “While progress and impact have
been made, cocoa farmers and their communities are still facing big
challenges. We are passionate about helping to drive lasting change
across the whole cocoa sector and are doubling down on Cocoa Life’s
integrated approach because we know only a sector-wide long-term
strategy, supported by action by all industry players, producing
and consuming governments, and civil society will lead to lasting
impact.”
With sustainability now one of the four pillars of the company’s
long-term growth strategy - aiming to create long-term value for
the business and its stakeholders along the value chain - this
investment builds on key lessons learned through the Cocoa Life’s
integrated approach and 10 years of measurable impact results while
aiming to accelerate impact at scale in cocoa.
About Mondelēz InternationalMondelēz
International, Inc. (Nasdaq: MDLZ) empowers people to snack right
in over 150 countries around the world. With 2021 net revenues of
approximately $29 billion, MDLZ is leading the future of
snacking with iconic global and local brands such as Oreo, belVita
and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone
chocolate; Sour Patch Kids candy and Trident gum.
Mondelēz International is a proud member of the Standard and Poor’s
500, Nasdaq 100 and Dow Jones Sustainability Index. Visit
www.mondelezinternational.com or follow the company on Twitter at
www.twitter.com/MDLZ.
About Cocoa LifeCocoa Life is Mondelēz
International’s global cocoa sustainability program. Cocoa is the
essence of our chocolate and vital to our business, so we aim to
have it ‘made right’. Making it right means working together to
tackle the complex challenges that cocoa farmers and their
communities face, including climate change, gender inequality,
helping to combat poverty and child labor. Cocoa Life is helping to
address these challenges holistically across six cocoa-growing
countries: Ghana, Côte d'Ivoire, Indonesia, Dominican Republic,
India and Brazil. We work in cocoa producing countries with our
partners to help empower the men and women whose livelihood it is
to grow cocoa, focusing on where we can collaborate and make a
difference to grow opportunities: helping to turn cocoa into a more
sustainable business, create empowered communities and conserve and
restore forests. To find out more visit: www.cocoalife.org.
Forward-Looking Statements This press release
contains forward-looking statements. Words, and variations of
words, such as “will,” “may,” “expect,” “aim,” “target,” “continue”
and similar expressions are intended to identify these
forward-looking statements, including, but not limited to,
statements about: Mondelēz International’s strategic priorities and
growth strategy; Mondelēz International’s future performance,
including its future revenue and earnings growth; plans to reshape
Mondelēz International’s portfolio and extend its leadership
positions in chocolate and biscuits as well as baked snacks;
Mondelēz International’s leadership position in snacking;
volatility in global consumer, commodity, transportation, labor,
currency and capital markets; consumer behavior, consumption and
demand trends and Mondelēz International’s business in developed
and emerging markets, its channels, its brands and its categories;
Mondelēz International’s environmental, social and governance and
sustainability strategies, goals, targets and initiatives; and
long-term value creation. These forward-looking statements are
subject to a number of risks and uncertainties, many of which are
beyond Mondelēz International’s control, which could cause Mondelēz
International’s actual results to differ materially from those
indicated in these forward-looking statements. Please also see
Mondelēz International’s risk factors, as they may be amended from
time to time, set forth in its filings with the U.S. Securities and
Exchange Commission, including its most recently filed Annual
Report on Form 10-K and Quarterly Reports on Form 10-Q. There may
be other factors not presently known to Mondelēz International or
which it currently considers to be immaterial that could cause
Mondelēz International’s actual results to differ materially from
those projected in any forward-looking statements it makes.
Mondelēz International disclaims and does not undertake any
obligation to update or revise any forward-looking statement in
this press release, except as required by applicable law or
regulation. In addition, historical, current and forward-looking
sustainability-related statements may be based on standards for
measuring progress that are still developing, internal controls and
processes that continue to evolve, and assumptions that are subject
to change in the future.
Contact: |
Maggie McKerr (Media) |
Shep Dunlap (Investors) |
|
+1 847 943 5048 |
+1 847 943 5454 |
|
news@mdlz.com |
ir@mdlz.com |
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