Hershey’s $500 Million Story of Sustainable Kisses

Hershey’s $500 Million Story of Sustainable Kisses

by Yash Saboo April 11 2018, 4:30 pm Estimated Reading Time: 2 mins, 36 secs

Scientists found that the UK chocolate industry produces about 2.1 million tonnes of greenhouse gases in a year. A study, published in the journal Food Research International, looked at the carbon footprint of chocolate and its other environmental impacts. Therefore, Hershey, one of the most famous chocolate makers in the world is all set to make its famous Kisses chocolate greener. To do this, Hershey Co. is spending $500 million in the hopes of producing its iconic chocolate from more sustainable cocoa.

Source : Fortune

Through its so-called Cocoa for Good program, the company will invest the funds through 2030 to support four key areas: nourishing children, empowering youth, building prosperous communities and preserving natural ecosystems. The initiative’s goals include eliminating child labour and increasing shade-grown cocoa, which can be productive for as much as 15 years longer than plants grown in full sun. The news was first reported by Bloomberg.

"As a critical player in the cocoa value chain, we are committed to doing our part. The Hershey Company has been partnering with key stakeholders in the cocoa sector for more than 100 years," said Hershey's Chief Procurement Officer Susanna Zhu in a press release.

The investment will go toward efforts to improve child nutrition, increase household income, eliminate child labour, and preserve the natural ecosystems by aiming for zero deforestation in cocoa-growing areas. Hershey hopes it will improve the lives of thousands of farmers in West Africa, where about 70% of the world’s cocoa is grown.

It’s an important step. The bitter side of the chocolate trade has been well-documented, including in a 2002 film called The Dark Side of Chocolate, which revealed slavery and child trafficking in the industry. The environmental impact is clear, too. As much as 40% of the world’s cocoa comes from Côte D’Ivoire, where rainforest cover has been reduced by more than 80% since 1960 as cocoa traders reportedly buy cocoa beans grown illegally inside protected areas in the country.

“Cocoa is a tremendous part of the livelihoods for the people of Côte D’Ivoire and public-private partnerships are critical to improving the lives of people living in cocoa communities and protecting our precious natural resources,” H.E. Daniel Kablan Duncan, Vice President of the Republic of Côte D’Ivoire, said in a statement.

The company’s new program will start with a focus on Ivory Coast and Ghana, the world’s top cocoa producers. Hershey is seeking “a holistic” approach to sustainability and has plans to reach other producing areas in the future, including in South America, Zhu said. She and other company executives have met with Ivorian government officials, private sector executives and small farmers to discuss the project.

About 95 percent of world cocoa output is produced by small farmers, many of whom still use traditional growing methods. Because global yields have stayed stagnant, supply increases have come primarily through expansion of cultivated areas. Ivory Coast, the No. 1 grower, lost 64 percent of its forest cover from 1990 to 2015 largely because of cocoa farming, according to IDH, a sustainable trade initiative.

Since you are here...

--- we have a very small favour to ask. More people are reading The Daily Eye now than ever. The Daily Eye is run by a team that believes in amplifying voices of those who otherwise find it hard to be heard, highlighting all the good work done by influencers, leaders, celebrities and informing readers about the latest in the efforts being made by so many of us to heal our world. We work hard to serve you regularly and we don't carry advertisements or anything that would adulterate your experience. We do our best to keep our content enriched, wholesome and inspiring and we do everything under the sun to stay positive and informed along with you.

If you are not well acquainted with our humble website, you might not be aware of the social work we do like mentoring underprivileged children and youth by providing filmmaking workshops besides the articles and films we produce on a regular basis. All this requires funding. If you like our work then please help us to secure our future. For as little as $1 or Rs.65 you can support The Daily Eye - and it won't take you more than a minute. Thanks for hearing us out!

Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of The writers are solely responsible for any claims arising out of the contents of this article.

Is the Content on this page relevent?

Is there Something you do not like about this page?