The funding amounts to a trebling of the current annual investment by the world’s largest fast moving consumer goods company on transitioning to more sustainable cocoa farming.
Cocoa-farming communities face major challenges including widespread rural poverty, increasing climate risks and lack of access to financial services and basic infrastructure like water, healthcare and education. These complex factors heighten risk of child labour on family farms. The programme will be expanded for the 1,000 Côte d’Ivoire farmers who took part in a pilot scheme in 2020 to include 10,000 families in the country, before extending it to Ghana in 2024. Nestlé intends to to reach all cocoa-farming families in its global cocoa supply chain by 2030.
Source: News Formal (newsformal.com)
NestleUKI THANK YOU!
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