JAKARTA, Indonesia, Sept. 26, 2013 /PRNewswire/ -- Mondelez International, the world's largest chocolate company with beloved brands such as Milka, Cadbury, Toblerone and Lacta, has announced an agreement with the Indonesian Coffee and Cocoa Research Institute (ICCRI) and suppliers Armajaro and Olam to promote sustainable Indonesian cocoa farming, improve cocoa bean quality and support the development of thriving Indonesian cocoa communities.
"A sustainable cocoa supply begins with thriving cocoa communities, and more efficient farming improves farmers' financial security," said Cathy Pieters, Director of Cocoa Life at Mondelez International. "Partnering is key to creating lasting change through our Cocoa Life program. Together with the Indonesian government, our suppliers and other partners, we're empowering cocoa-farming families to create the kind of communities they want to live in, while promoting gender equality."Indonesia is the third-largest cocoa producer in the world, and the fifth origin country to launch Cocoa Life – Mondelez International's $400 million, 10-year commitment to improve the livelihoods and living conditions of more than 200,000 cocoa farmers and about one million people in cocoa farming communities around the world. Together with its partners, Mondelez International aims to develop a long-term, high-quality supply of Indonesian cocoa and strengthen the country's position as a leading producer of sustainable cocoa. Under Cocoa Life, Mondelez International and ICCRI, together with suppliers Armajaro and Olam, will apply their resources and know-how to promote better cocoa farming and processing techniques, thereby boosting productivity, improving farmer incomes and more effectively managing environmental impacts. Plans include farmer training in better agricultural practices and better access to cocoa planting materials. Cocoa Life will also organize community meetings where farming families can discuss their needs and create Community Action Plans to achieve specific development outcomes, such as improving health and nutrition education for the community. Armajaro and Olam will be important partners in helping deliver the program by sourcing cocoa from Indonesian Cocoa Life communities, reflecting their strong commitment to sustainability.
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