Read the full story in Environmental Leader.
Cargill, Hershey’s, Mars, Mondelez International, and Nestlé are among the latest multi-nationals to target sustainable supply chain initiatives. These companies, along with seven other major cocoa and chocolate companies, have committed to work with each other, alongside governments and NGOs, to end deforestation and forest degradation in the global cocoa supply chain. They will initially focus on Côte d’Ivoire and Ghana, the world’s leading producers of cocoa.
Deforestation represents a significant risk to these companies: as much as $906 billion total annual turnover could be at risk because of deforestation, according to a CDP study based on data disclosed by 187 companies last year.