Hershey, PA — The Hershey Co. is launching Cocoa For Good, a sustainability strategy aiming to address the most pressing issues in cocoa growing regions including poverty, poor nutrition, at-risk youth and vulnerable ecosystems. In addition to taking a collaborative approach to tackle these issues, the candymaker is also investing some $500 million in the program by 2030, the company reports.
“A sustainable cocoa supply depends on a multi-stakeholder collaborative approach to find solutions to the social, environmental and economic challenges facing cocoa growing communities,” says Susanna Zhu, Hershey’s chief procurement officer. “As a critical player in the cocoa value chain, we are committed to doing our part. The Hershey Company has been partnering with key stakeholders in the cocoa sector for more than 100 years. Under Cocoa For Good, we continue to work toward a future where there’s a long-term, sustainable cocoa supply, the natural environment is protected, and we are creating better lives for everyone.”
Hershey’s new program will focus on four areas: increasing access to good nutrition, elimination of child labor and growing youth access to education opportunities, lifting household incomes, and eliminating deforestation, while increasing agroforestry.
H.E. Daniel Kablan Duncan, vice-resident of the Republic of Cote D’Ivoire, says: “Cocoa is a tremendous part of the livelihoods for people of Cote D’Ivoire and public-private partnerships are critical to improving the lives of people living in cocoa communities and protecting our precious natural resources. We value our partnership with The Hershey Company and look forward to working together to bring about the meaningful change that this new investment will catalyze.”