News & Media
Mondelēz International to Invest $400 Million to Help One Million People in Cocoa Farming Communities
November 19, 2012
Mondelēz International, Inc. (NASDAQ: MDLZ) today unveiled “Cocoa Life” – the company’s largest, most comprehensive cocoa sustainability effort to date. As the world’s largest chocolate company, it will invest $400 million over the next ten years to improve the livelihoods and living conditions of more 200,000 cocoa farmers and about one million people in cocoa farming communities. Cocoa Life will bring a $100 million new investment to Côte d’Ivoire — the world’s largest cocoa producing country — to help 75,000 farmers double their productivity.
“I’m proud of Mondelēz International’s $400 million investment in Cocoa Life — a distinctive, holistic approach to cocoa sustainability that will create a cycle of growth from bean to bar,” said Tim Cofer, Executive Vice President and President, Europe, speaking from Abidjan, Côte d’Ivoire at the World Cocoa Conference. “Our mission is to create thriving cocoa communities and help secure the future of the cocoa industry.”