The Hershey Company (NYSE: HSY):
- Partnership with IDH and Source Trust
- Community and technology focus to accelerate farmer development
A Farmer’s PerspectiveMr. Stephen Andoh lives in the Assin Fosu area and has now been farming cocoa for the last 13 years. He previously cultivated citrus fruits such as oranges and lemons but took up cocoa farming when he noticed it produced a better income. Mr. Andoh explained why he is part of Hershey Learn to Grow in Ghana: “I was chosen to become a demonstration farmer because of how my farm is organized; the cocoa trees have good spacing, there is also a good amount of shade trees and the farm is also very clean. I was also chosen because I conduct regular pruning, I apply fertilizer and my trees have no diseases. “I take the advice that my field supervisor gives me very seriously, and I now conduct more pruning as well as store chemicals better. I have had more cocoa come since I became a demonstration farmer but I will not be able to tell properly until next season.” Funded by the Dutch and Swiss Government, IDH works with companies to combat poverty and protect the environment. “We are very pleased and proud to partner with Hershey and Source Trust in this ambitious program that aims to strengthen the entrepreneurial skills of cocoa farmers in Nigeria by boosting their productivity,” said Jonas Mva Mva, Senior Program Manager Cocoa at IDH. “This project will create impact at scale and can serve as a model for cocoa development in Nigeria.” Hershey Learn to Grow Ghana is helping more than 1,000 farm families and 5,000 cocoa community members improve their livelihoods by learning the latest in modern farming techniques and agricultural stewardship, including appropriate and inappropriate uses of labor. Hershey Learn to Grow Nigeria is part of a broad range of programs and initiatives that comprise Hershey’s 21 st Century CocoaSustainability Plan, which is the Company’s roadmap helping cocoa communities around the world grow sustainable cocoa for the next century. 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.