The Hershey Company (NYSE: HSY) and Barry Callebaut:
- Rural school will provide educational facilities and nutrition and health support for more than 150 children
- Cocoa farmers to receive training to raise family incomes
“This modern school will make primary education far more accessible for the children of Abokro who today face many challenges,” said Mike Wege, Hershey’s Senior Vice President Chief Growth and Marketing Officer. “Through this innovative project, children will receive a meal at midday, good medical care and instruction from professional teachers. Both our companies are committed to giving back to cocoa communities and the new Abokro school is a great example of what we can achieve together.”The Abokro primary school is a registered public school and its operation will be managed by the Ministry of Education. The infirmary will be staffed and operated by a professional health worker assigned by the Ministry of Health. Barry Callebaut's local subsidiary SACO will liaise, on behalf of Barry Callebaut and Hershey, with a school committee regarding future development activities. The school committee will be comprised of teachers and community members, including representatives of the Cooperative Agricole de Glibeadji (COOPAGLI). COOPAGLI, a cocoa-growing cooperative and beneficiary of the project, is a member of the Union des Cooperatives Agricoles (UCAS) in Côte d’Ivoire. The Cooperative consists of nearly 900 farmers, and is one of 20 co-ops in the UCAS union. The union has long been engaged in Barry Callebaut’s Quality Partner Program and projects to improve the income and livelihoods of cocoa farmers. “The Abokro project is the result of a unique collaboration between Hershey, Barry Callebaut and the farmers of COOPAGLI, and it illustrates our holistic approach in working with cocoa farming communities under the Cocoa Horizons framework,” said Paul De Petter, Vice President Cocoa Africa at Barry Callebaut. “The project integrates agricultural training, which gives farmers the knowledge to increase crops yields and income, and it provides access to education, water and basic healthcare, which improves the livelihoods of farmers and their families.”
Focus on CommunityThe Hershey Company has developed innovative sustainability programs in West Africa, including its mobile phone program CocoaLink, which will be launched in Côte d’Ivoire next month. These initiatives are part of Hershey’s 21 st Century Cocoa Sustainability Strategy, a comprehensive plan to improve the livelihoods of cocoa farmers and communities dependent on cocoa. Through better agricultural practices, West African farmers will realize greater crop yields that will increase family income. Cocoa Horizons is Barry Callebaut’s global initiative to ensure sustainable cocoa production by working with farmers to enhance yields and quality, training the next generation of cocoa farmers, and improving access to clean water and basic healthcare for cocoa framers and their families. Both companies believe the development of these programs is essential for both the livelihoods of the cocoa farming community and their families as well as business growth. Barry Callebaut ( www.barry-callebaut.com ): With annual sales of about CHF 4.8 billion (EUR 4.0 billion / USD 5.2 billion) in fiscal year 2011/12, Zurich-based Barry Callebaut is the world’s leading manufacturer of high-quality cocoa and chocolate products – from sourcing and transforming cocoa beans to producing the finest chocolate, including chocolate fillings, decorations and compounds. Combined with the recently acquired cocoa ingredients business from Petra Foods, Barry Callebaut generates estimated annual sales of CHF 6 billion (EUR 4.9 billion / USD 6.4 billion), runs around 50 production facilities worldwide, sells its products in over 100 countries and employs a diverse and dedicated workforce of more than 8,000 people. Barry Callebaut serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. The two global brands catering to the specific needs of these customers are Callebaut® and Cacao Barry®.
About The Hershey CompanyThe 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.