Mondelez International to invest 313 million euros in

Mondelez International has unveiled “Cocoa Life” – the company’s largest, most comprehensive cocoa sustainability effort to date. The company will invest € 313 m 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 m (€ 78 m) 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 Mondelez 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.” Cocoa Life will collaborate with governments, civil society and suppliers with a mission to transform the cocoa supply chain.

Cocoa Life is based on Mondelez International’s successful Cadbury Cocoa Partnership in Ghana, India and the Dominican Republic. In Ghana, the Partnership has helped create a 20% increase in cocoa yields, a 200% increase in household incomes and an 80% increase in government-backed development projects in the first phases of the project between 2009-2011. The company continues to expand its reach to more communities in Ghana and extended the partnership to the Dominican Republic in 2011. And in India, the company has been working directly with cocoa farmers for 50 years.

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