Nestlé Set To Pay Cocoa Growers To Keep Children In School
Nestlé has announced plans to start paying cocoa farmers cash if they send their children to school rather than out to tend crops, as part of a push to purchase all of its cocoa through a fully traceable, directly sourced supply chain by 2025.
The food group behind KitKat chocolate bars and Smarties confectionery said it will triple its current annual spending on sustainable cocoa to give a total investment of CHF 1.3 billion (€1.25 billion) by 2030.
To qualify for the payments, farmers have to send their children to school, prune cocoa trees, plant shade trees and diversify their income with other crops or livestock.
ESM
Related news
ÉVOSZ has developed a green minimum proposal package
The Sustainability Section of ÉVOSZ has developed a package of…
Read more >Ferrero Achieves 90% Ingredient Traceability
Ferrero Group has reported significant progress in its sustainability journey,…
Read more >Hungarian consumers remain price-sensitive, but environmental protection is increasingly important
For years, PENNY has consistently introduced sustainable solutions that enable…
Read more >Related news
Dole offloads fresh-veg arm to Arable Capital
Dublin-headquartered Dole has sold its fresh vegetables division in the…
Read more >Wolt Announces New Partnerships To Drive ESG Initiatives
Finnish food delivery firm Wolt has announced two new strategic…
Read more >Colruyt to install smart cameras at all checkouts
Belgian supermarket chain Colruyt is rolling out its “easy check-out”…
Read more >