Ferrero has unveiled its Cocoa Charter and Cocoa Action Plan, outlining its continued ambition for a cocoa industry that is good for both people and nature.
The Charter and Action Plan reaffirm the company’s aim to support farmer income, protect children and developing communities and promote sustainable agroforestry.
In publishing the Cocoa Charter, Ferrero states that it recognises that the cocoa supply chain’s issues are complex and must be addressed through partnership with farmers, industry, communities, NGOs and governments.
The ambitions outlined in the charter are grouped under four pillars:
• Sustainable Livelihoods: provide targeted support to farmers to improve productivity and diversify income
• Human Rights and Social Practices: protect the rights of children in cocoa growing communities
• Environmental Protection: supporting farmers to convert to agroforestry systems
• Transparency: supply-chain traceability, risk assessments and progress disclosure Ferrero’s Cocoa Action Plan outlines how the company will work towards these ambitions.
Ferrero has already established initiatives to support these ambitions from strengthening supplier partnerships and paying a cash premium to farmers on top of commercial price to partnerships to implement Child Protection Systems and platforms that offer visibility of its entire supply chain.
Marco Gonçalves, Chief Procurement and Hazelnut Company Officer, said: “The Cocoa Charter and Action Plan underline Ferrero’s ambition to be a driving force behind a cocoa sector where cocoa production creates value for people and the environment.
“Through our distinct sourcing approach, we know the farmers and communities we source from, and this enables us to support them in a targeted way. We are now strengthening our activities to bring about lasting change for the sector.”
Each year a report will be published on the progress made against the Action Plan. The first progress report is expected to be published in Q2 2022.