Ferrero commits to deforestation-free cocoa supply chain
ESM.com - Aug 1st, 13:12
Kinder Bueno parent Ferrero has said that it is committing to a 'deforestation-free global cocoa supply chain', with a series of moves towards ensuring its cocoa is sourced as sustainably as possible.
The group said that it has signed the New York Declaration on Forests by the United Nations and endorsed the HCS Approach (HCSA), a methodology enabling companies to understand forest areas to be protected for their high carbon and biodiversity values.
In addition, it signed a Cocoa and Forests Initiative letter of intent in March 2017, which aims to 'develop an actionable suite of measures to end deforestation and forest degradation, such as investments in more sustainable forms of landscape management and more active partnerships to protect and restore forests in the cocoa landscape'.
By next year, Ferrero said that it will have 'mapped 100% of its cocoa supply chain to farm-gate level', which will enable the company to identify areas where potential deforestation might be taking place.
"Ferrero is committed to working on the challenges to end deforestation in the cocoa sector, as well as implement key principles and strategies that underpin socially and environmentally sustainable cocoa production," the company said. Content ©2017 European Supermarket Magazine
Ferrero ranked most reputable food company in the world
03/03/2017 - 10:25
Ferrero is the world’s most reputable company in the food industry, according to the 2017 Global RepTrak 100.
Cocoa production to rebound - Ghana
15/04/2015 - 08:52
Expectations are high among farmers that cocoa production will hit its peak in the mid-crop season on the back of favourable weather and improved farming practices.
Cocoa main crop purchases down 23.9% - Ghana
12/02/2015 - 10:02
Cocoa purchases declared to Ghana's industry regulator reached 494 960 tonnes by Jan. 29 since the start of the main crop, down 23.9 percent from 30 January last year, industry regulator Cocobod said on Tuesday.
Youth farmers brighten cocoa industry’s prospects - Ghana
15/01/2015 - 10:11
About 13 000 young Ghanaians, between the ages of 18 and 40, have gone into cocoa farming in the Central, Ashanti, Eastern, and Western regions, raising optimism among industry stakeholders that cocoa farming will not remain the preserve of the aged.
Cocoa Farmers to be paid via E-zwich
11/07/2014 - 11:23
In the coming months, cocoa farmers would receive payment for their produce via E-zwich. The Ghana Interbank Payment and Settlement Systems are spearheading this after discussions with COCOBOD. The initiative aims to enhance and revolutionize the purchasing process in the cocoa industry.