Nestle To Pay Cocoa Farmers Cash Incentives To Tackle Child Labor
January 27 2022 - 5:49AM
Dow Jones News
By Maitane Sardon
Nestle SA plans to reward farmers in West Africa for
implementing practices that help it tackle child labor in cocoa
farms and other sustainability issues in the cocoa supply
chain.
On Thursday, the Swiss consumer-goods company said it will pay a
cash incentive to cocoa farmers for efforts including enrolling
children in school or the use of techniques that increase the
quality and amount of cocoa produced.
As part of the program, under which Nestle plans to invest 1.3
billion Swiss francs ($1.4 billion) by 2030, farmers and their
families will receive up to CFH500 during the first two years. The
amount will be reduced to CFH250 after, Nestle said.
To qualify for the monetary incentive, Nestle said farmers need
to meet criteria ranging from school enrollments for children to
sustainable agricultural practices.
"Our goal is to have an additional tangible, positive impact on
a growing number of cocoa-farming families, especially in areas
where poverty is widespread and resources are scarce, and to help
close the living income gap they face over time," Nestle Chief
Executive Mark Schneider said.
The maker of Nescafe coffee and Purina pet food said the
payments will be divided between the farmer and the spouse, as part
of its goal to ensure women enjoy the same rights and opportunities
as men.
To monitor participation, Nestle said it will work with the
nonprofits the International Cocoa Initiative and Rainforest
Alliance.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
January 27, 2022 05:34 ET (10:34 GMT)
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