MONDELĒZ INTERNATIONAL ANNOUNCES THE NEXT PHASE OF COCOA LIFE
Cedric van Cutsem, Senior Director Cocoa Life at Mondelēz International
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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.
"As we celebrate the 10-year anniversary of Cocoa Life, we are excited to announce the next phase. While progress and impact have been made, cocoa farmers and their communities are still facing big challenges. We are passionate about driving 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 industry players, producing and consuming governments, and civil society will help lead to lasting impact."
Christine Montenegro McGrath, SVP & Chief Impact & Sustainability Officer, Mondelēz International
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.
- Increase the number of farming households reaching a living income
- Enhance child protection systems and enable access to quality education in Cocoa Life communities - as laid out in our Cocoa Life Strategy To Help Protect Children
- Seek no deforestation on Cocoa Life farms globally
Our key lessons from the past 10 years allow us to go further, faster, as more work remains to be done:
- We are applying an integrated approach that is suited to the farmer, community, and landscape, because there is no one cocoa farmer and therefore no quick one-size-fits-all solution.
- We are focused on enabling farmers to increase their income. Given the complexity of the issue, this requires a holistic approach through collaboration within and beyond cocoa.
- We aim to innovate to accelerate impact at scale. We will work to deliver climate-smart technology packages, tailored to farmer segmentation, and supported by incentives to help professionalize smallholder cocoa farming and pioneer climate-resilient, new producing models.
"While we are excited about the promise of our investments, we are calling for more sector-wide effort and actions to help drive greater impact, including new private-public partnerships, as we aim to catalyze ground-breaking collaboration to help move cocoa forward together."
Dirk Van de Put, Chairman & CEO, Mondelēz International