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Article

1 Dec 2015

Author:
EconoTimes

Mondelez International to Lead Private Sector Action in Côte d’Ivoire’s Program to Combat Deforestation

Mondelēz International…committed to lead private sector action as part of Côte d’Ivoire’s national program to combat deforestation. The commitment was made at the COP21 climate talks in Paris and will contribute to the company’s recently announced sustainability goals for 2020…Mondelēz International has seized the opportunity to lead transformative change in the cocoa supply chain with Cocoa Life, a $400 million investment to empower 200,000 smallholder farmers and create thriving cocoa communities in Côte d’Ivoire and five other cocoa origins…With Cocoa Life, Mondelēz International will be working with 26,000 smallholder Ivorian cocoa farmers by 2016. Building on the program’s actions to increase farmers’ productivity, so they can increase their incomes without expanding into the forest, Cocoa Life will work with specialized NGOs to support forest mapping and monitoring. These actions…will contribute to the national United Nations sponsored REDD+ program, with financial support from the World Bank Forest Investment Program.