Hershey Announced Its "21st Century Cocoa Plan," A Roadmap For How The Company Will Work To Help Cocoa Communities Around The World Grow Sustainable Cocoa For The Next Century. (Graphic: The Hershey Company)
Accelerating Change to Improve Lives
Hershey’s 21 St Century Cocoa Plan represents a range of on-the-ground programs and initiatives that work together to accelerate positive change in the cocoa growing regions over the next seven years. For example, in Mexico, Hershey and cocoa supplier Agroindustrias Unidas de Cacao SA de CV have launched the Mexico Cocoa Project, a 10-year initiative to reintroduce cocoa growing in southern Mexico and help restore the country’s cocoa crop after it had been nearly decimated by the spread of a disease known as frosty pod rot. Through the distribution of disease-tolerant trees, the program intends to improve the livelihoods of more than 1,000 cocoa farmers and their families in the region and quadruple family incomes.
Through its own and partner programs, Hershey estimates the total portfolio of programs encompassed by its 21 St Century Cocoa Plan will directly impact 750,000 cocoa farmers and indirectly benefit more than two million West Africans through utilization of technology, farmer training on good agricultural practice, cocoa seed nurseries and planting material, farm inputs on credit, village resource centers, malaria prevention, community infrastructure, village school construction, and literacy and health programs.
Hershey will regularly update its progress on the Hershey’s 21 St Century Cocoa Plan and its various programs through its Corporate Social Responsibility public reporting and on its website.About The Hershey Company The Hershey Company (NYSE: HSY) is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, Pa., The Hershey Company has operations throughout the world and approximately 14,000 employees. With revenues of more than $6.6 billion, Hershey offers confectionery products under more than 80 brand names, including such iconic brands as Hershey's, Reese's, Hershey's Kisses, Hershey's Bliss, Hershey's Special Dark, Kit Kat, Twizzlers, Jolly Rancher and Ice Breakers. The company is focused on growing its presence in key international markets such as China, Mexico and Brazil while continuing to build its competitive advantage in the United States and Canada. For more than 100 years, The Hershey Company has been a leader in making a positive difference in the communities where its employees live, work and do business. Corporate Social Responsibility is an integral part of the company’s global business strategy, which includes goals and priorities focused on fair and ethical business dealings, environmental stewardship, fostering a desirable workplace for employees, and positively impacting society and local communities. Milton Hershey School, established in 1909 by the company's founder and funded by a trust administered by Hershey Trust Company, provides a quality education, housing, and medical care at no cost to children in social and financial need. Students of Milton Hershey School are direct beneficiaries of The Hershey Company's success.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts