The Hershey Company has unveiled Cocoa for Good, a sustainable cocoa strategy to address issues facing cocoa-growing communities, including poverty, poor nutrition and vulnerable ecosystems.
Hershey said it is seeking to bring positive change in these areas through collaborative programmes, partnerships and significant investment, including a US$0.5 billion commitment by 2030.
“A sustainable cocoa supply depends on a multi-stakeholder collaborative approach to find solutions to the social, environmental and economic challenges facing cocoa-growing communities,” said Susanna Zhu, Chief Procurement Officer.
“As a critical player in the cocoa value chain, we are committed to doing our part. The Hershey Company has been partnering with key stakeholders in the cocoa sector for more than 100 years. Under Cocoa for Good, we continue to work toward a future where there’s a long-term, sustainable cocoa supply, the natural environment is protected, and we are creating better lives for everyone. It’s good for the cocoa farmers, families, communities, chocolate consumers and the success of our business.”
“Cocoa is a tremendous part of the livelihoods for the people of Côte d’Ivoire and public-private partnerships are critical to improving the lives of people living in cocoa communities and protecting our precious natural resources,” said HE Daniel Kablan Duncan, Vice President of the Republic of Côte D’Ivoire. “We value our partnership with The Hershey Company and look forward to working together to bring about the meaningful change.”
Hershey said Cocoa for Good is expected to impact the lives of thousands of farmers in cocoa-growing regions with a focus on West Africa.