Deerfield, IL — Mondelez International, Inc., the Forestry Commission of Ghana, Ghana Cocoa Board and the UN Development Programme have signed a memorandum of understanding that reinforces the CPG company’s commitment to reducing emissions in its cocoa supply chain across Ghana and helps to implement projects from the Ghana Cocoa Forest REDD+ Program (GCFRP).
As part of the agreement, Mondelez will contribute $5 million during the next five years to the GCFRP, the company reports. Supplying about 20 percent of the world’s cocoa, Ghana has one of the highest deforestation rates in Africa at 3.2 percent per annum, primarily because of unsustainable expansion of agriculture.
“Deforestation takes up the largest part of our carbon footprint, which is why it is so important for us to address this issue head on,” says Hubert Weber, executive vice-president and president Europe for Mondelez. “Through this collaboration, we can be even more efficient in safeguarding the environment and helping cocoa farmers become resilient against climate change.”
In addition to monetary support, Mondelez will help execute an action plan focused on five key areas: mapping all land uses, including cocoa farms; implementing climate smart cocoa practices to increase yields and sustainability; improving access to finance to foster good practices by farmers and communities; legislative and policy reform to support program execution; and coordination and measurement, reporting and verification.