In May 2014, 12 of the world’s largest chocolate and cocoa companies signed up to CocoaAction: a joint agreement involving the governments of Côte d’Ivoire and Ghana – two of the world’s top cocoa-producing countries – to accelerate actions to make cocoa farming sustainable, and improve the livelihoods of cocoa farmers. The partners include Cargill, Ferrero, The Hershey Company, Mars, Mondelez, Nestlé and Olam. The World Cocoa Foundation is acting as the convenor, and will co-ordinate the strategy.
The plan calls for building a rejuvenated and economically viable cocoa sector through increased cooperation between industry members and the Ivorian government.
Photo credits: Jan David Hanrath/Flickr
Companies are recognising their common dependence on crops, and also on the economic and social sustainability of the countries where it is grown. Moreover, governments are recognising that crises at home are linked to systemic problems beyond their borders. More such collaborations will be needed to align local regulation with the policies and investments of multinational corporations.