Cocoa Sustainability and Deforestation

cocoa green plant

SUSTAINABILITY TO DRIVE COCOA TRENDS IN 2022

Olam Food Ingredients’ (OFI) Global Head of Corporate Responsibility and Sustainability, Christopher Stewart, believes sustainability will be the primary driver of Cocoa trends in 2022. OFI is a large global supplier of Cocoa and other food ingredients such as coffee, nuts and spices. In an article for ConfectionaryNews, Stewart explained he is confident that “the …

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sustainability, no planet b

TWO REASONS TO BE OPTIMISTIC ON INDUSTRY SUSTAINABILITY

It’s unfortunately true that bad news is more popular, but I want to buck the trend and start the new year to discuss two positive drivers of change in the industry. It’s something I’ve been thinking about recently – and interesting that they’re coming from unexpected quarters. Am I being naive? Let me know your …

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PERUVIAN COCOA COMPANY LAWSUITS ARE ‘INTIMIDATION’ SAY ENVIRONMENTALISTS

A writer for the respected and popular environmental website Mongabay, Yvette Sierra Praeli, was issued with a lawsuit by Peruvian cacao company, Tamshi, in what has been described as a campaign of intimidation. The lawsuit, which was dismissed by the court in November, came about after Praeli covered a story related to a government investigation …

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COCOBOD WANTS TO DOUBLE PRODUCTION BY BEATING CSSV

COCOBOD raises $600m to defeat Cocoa Swollen Shoot Virus disease, (CSSV), and double annual production to 1.5 million tonnes At an event held in the Dutch Embassy to celebrate Cocoa Day, COCOBOD’s CEO Mr Joseph Aidoo, told the attendees that Ghana’s production should be almost double the 800,000 tonnes they produced in 2019/20, to reach …

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climate change

MONDELĒZ MAKES NET ZERO COMMITMENT BY 2050 WITH SBTI

Mondelez International has made a public commitment to being ‘Net Zero’ meaning they are not, on balance, adding to Greenhouse Gas Emissions. “Carbon neutral”, and “net-zero” among other words have become the lingua franca for chocolate companies who use ambiguous terms to explain their corporate policy to consumers. Many consumers, I’m certain, will have been …

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OLAM, MONDELĒZ, P4F AND THE NATURE CONSERVANCY TACKLE DEFORESTATION IN PARÁ

Olam Food Ingredients, OFI are developing their relationship further with Mondelēz International with a new initiative in Brazil. The two companies which had previously announced a joint venture to develop the worlds largest sustainable Cocoa farm in Indonesia has now joined forces with Partnerships for Forests (P4F) and The Nature Conservancy (TNC) to create a …

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COP26 – CARBON PRICING. STICKING PLASTER OR KEY TO PROGRESS?

Introduction In July 2021, Z/Yen held a webclave for international financial centres to discuss approaches to sustainable finance and delivering the UN Sustainable Development Goals (SDGs). The group discussed: The scope for local action, recognising the role that financial centres have in bringing together key players, supporting market access, developing standards and regulatory approaches, enabling …

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Pinocchio

SUSTAINABILITY. EASIER SAID THAN UNDERSTOOD? NEW REPORTING REGULATIONS

Transparency has become a watchword separating good from bad behaviour on sustainability issues. An example of this is to explain something in clear unambiguous terms so that the intended audience is not misled about a company’s activity. Consider the word ‘Sustainable’. What does it mean when a company claims to be following a sustainable strategy? …

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cocoa forest

SUSTAINABILITY AND DEFORESTATION IN THE COCOA INDUSTRY

Preface This article set out to capture the essence of the major problems around deforestation in the industry. In hindsight, that may have been naively ambitious. Much of it represents my own learning journey, no doubt with some way further to go. There is a lot of data to trawl through, notwithstanding data from private …

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MONDELĒZ SEES THE ESG LIGHT! RAISES €2BN CHEAP CASH ON BOND MARKET

Let nobody say that Mondelēz hasn’t embraced ESG. The company just raised billions of dollars of cheap cash by labelling their bond issuance as ‘green’. The multinational with the cringing slogan of ‘snacking made right’. A tagline that has to make it on my least favourite list, beating out past winners like vacuum company, Electrolux, …

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Barry Callebaut

BARRY CALLEBAUT MOVES FORWARD ON ESG DISCLOSURE

Barry Callebaut released a brief announcement showing their ranking position with a leading sustainability rating agency, Sustainalytics.  Sustainalytics is one of a few companies that crunches the numbers, often provided to it by the company themselves, and comes up with an ESG risk rating. Other companies in the space, include MSCI and Reprisk. You’re about …

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SOCIAL CHANGE FROM ETHICAL COCOA AND COFFEE: MOKA’S STORY IN CAMEROON

By Erik Sanner This article is part of our FCIA Raising the Bar Column, produced by members of the FCIA exclusively for Bartalks. You can learn more about the. benefits of FCIA membership on their website. Working in developing countries brings with it a seemingly endless slew of challenges. So why bother? In the case …

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