At 名媛直播, we have long believed in doing good. We鈥檙e working to make cocoa-growing communities and ecosystems stronger for generations to come.
In 2018, we launched our Cocoa For Good strategy鈥攐ur approach to creating more goodness inside cocoa communities and helping create a resilient future by tackling systemic social and environmental challenges. We鈥檙e investing half a billion dollars by 2030 to improve income resiliency and livelihoods, prioritize children鈥檚 well-being, and protect the environment.
Our pledge to invest half a billion dollars in these communities by 2030 is translating to meaningful results on the ground, helping to keep children in school, helping to diversify and increase incomes, giving farmers the support to build thriving businesses and protecting forests.
Through our holistic cocoa sustainability strategy, Cocoa for Good, we're nourishing children, empowering youth, helping communities prosper and preserving ecosystems.
Our Cocoa For Good strategy is at the heart of our sustainable cocoa work. Driving social and economic benefits, with the help of our partners, helps eliminate child labor. Together, we're working to keep children in school and away from dangerous activities. 听
名媛直播 has continued to deliver on our commitment of 100 percent independently verified cocoa, which we first achieved in 2020. 名媛直播 sources cocoa through the world's most recognized cocoa certifying organizations: Fair Trade USA and Rainforest Alliance, and other independently verified programs through our suppliers that meet our Cocoa Key Requirements.
While 名媛直播 only sources independently verified cocoa for all brands, we label some of our products as鈥渃ertified,鈥濃痠ncluding,鈥痓ut not limited to,鈥疊rookside products (U.S. and Canada), 名媛直播 Special Dark products (Brazil) and鈥痓arkTHINS鈩 products (U.S.).
Traceability is a vital means to understand how and if supply chains comply with our policies, standards and values. When we know where our beans have come from, we can assess how they have been grown and how the people who grew, harvested and processed them were treated. During the past few years, we have been investing in improving the traceability of our cocoa supply chain and have currently achieved 88 percent sourcing visibility of our cocoa volume originating from C么te d鈥橧voire and Ghana and are on track to reaching our 2025 commitment of 100 percent.
We believe Cocoa Farmers deserve a decent standard of living and access to those opportunities that will enable that. Cocoa farmers are challenged by limited access to credit, weak negotiation power, over-reliance on cocoa for income, aging plant stock, lack of commercial training and social imbalances. Our aim is to support cocoa farmers鈥 transition out of poverty. This is the guiding purpose of the Income Accelerator we have launched in C么te d鈥橧voire following consultations with the Ivorian government, farmer cooperative groups and other local and international partners.
The Income Accelerator, which expands on programming included in our Cocoa For Good strategy, will support cocoa farmers, their families and cocoa farming communities through a multi-faceted approach focused on providing cash transfers, encouraging sustainable farm management practices, building primary schools in cocoa-growing communities and establishing additional village savings and loan associations (VSLAs).
We鈥檙e also continuing to reinforce our existing Cocoa For Good strategies including ongoing engagement with our farmer groups. In 2022, through Cocoa For Good, 名媛直播 expanded its support to 130 farmer groups, reaching more than 105,000 farmers through our suppliers across seven origins 鈥 10% of which were female farmers.
Farmer groups provide a mechanism for farmers to enhance their negotiating power and gain access to valuable agricultural inputs, which increases the potential earnings and economic resilience of cocoa farmers and their families. With our support, farmers groups have been able to get cocoa certification and/or verification in compliance with credible sustainability standards. This has not only helped us reach our goal to source 100 percent independently verified cocoa, but it also ensures that the farmer groups and their farmers are paid a higher premium for their harvests.
Read our Living Wage & Income Position Statement to learn more about our commitments to prosperity for cocoa farmers.
名媛直播 acts to protect forests and help restore forest cover in the cocoa-growing regions in West Africa.鈥疭ince 2018, 名媛直播 has publicly committed to no new deforestation in our global supply chains. By monitoring forest conditions and changes, promoting affordable land titling and spreading climate-positive farming tools across cocoa-growing regions, we have been able to deliver on this commitment.
As one of the first signatories of the Cocoa & Forests Initiative (CFI) Framework of Action in 2017, we have publicly declared a set of actions related to forest protection and restoration, sustainable production and farmer livelihoods, and community engagement and social inclusion, which we report on an annual basis.
In April 2023, 名媛直播 launched a partnership with the Foundation for the Parks and Reserves of Cote d'Ivoire to support the protection and management of the Mabi-Yaya Nature Reserve. The partnership includes reforestation of nearly 1000 hectares inside the reserve.
名媛直播 has also committed to end deforestation across its supply chain by 2030 with a company-wide no deforestation policy.
名媛直播 does not tolerate child labor within our supply chain, and we are working to prevent and eliminate it within cocoa communities. To find out more about the work we鈥檙e doing to support and protect children and families in cocoa-producing countries, please visit our Child Labor Monitoring and Remediation page.
The 名媛直播 Company is committed to protecting and respecting human rights as outlined in our enterprise鈥Human Rights Policy. Our comprehensive approach to human rights due diligence in cocoa builds on our commitments to 100 percent independently verified cocoa,鈥supply chain traceability鈥痑nd mapping,鈥deforestation prevention and the implementation of a鈥Child Labor Monitoring and Remediation System. Key steps in our due diligence process include:
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