Today, we announced the next phase of Cocoa Life backed by an additional $600M through 2030 for a total $1B investment since the start of the program with the goal to increase our cocoa volume scale and work with ~300,000 cocoa farmers through our program by 2030.

As one of the world’s leading snacking companies, it is a priority to continue making our most important ingredients, such as cocoa and wheat, right. Mondelēz International has made sustainability one of the four pillars of its company’s long-term growth strategy, helping to drive positive change at scale across a focused set of environmental, social, and governance priorities – aiming to create long-term value for our business and stakeholders. Cocoa Life sits at the heart of this strategy, allowing us to source cocoa, an essential ingredient for our products, in a way that continues to help make cocoa right by helping to lift up people and restore landscapes where cocoa grows.

We are proud of our accomplishments of the past 10 years. We launched Cocoa Life in 2012 to secure supply of more sustainable cocoa and pioneered an integrated approach to help tackle the root causes of systemic issues together in one program. We reached critical scale with over 200,000 farmers in the program and $400MM invested by the end of 2022. 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 CLMRS and there is strong progress in helping to combat deforestation in West Africa.