Mondelez Expanding Efforts Against Deforestation in Cocoa-Growing Regions

By Michael Dabaie

Mondelez International (MDLZ) said Tuesday it expanded its plans to fight deforestation in cocoa-growing regions.

The plans cover the company's three largest cocoa-sourcing markets, Ghana, Cote d'Ivoire and Indonesia. It includes a commitment to map 100% of the farms that supply the company's Cocoa Life program by the end of 2019.

"Mapping and monitoring farms will give us a deeper understanding of farmers' needs so we can help drive effective change. In addition, our plans include financial incentives that will encourage farmers and communities to protect and renew forest areas," said Cedric van Cutsem, associate director of operations for Cocoa Life.

Mondelez launched its 10-year, $400 million Cocoa Life program in 2012 with the aim to reach more than 200,000 farmers across six countries.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

March 05, 2019 09:58 ET (14:58 GMT)

Kraft Foods Inc. - Common Stock Ex-Distribution When Issued (MM) (NASDAQ:MDLZV)
Historical Stock Chart
From Jan 2025 to Feb 2025