Author: Beatrice Moulianitaki, Head of Cocoa Sustainability
In February 2021, I celebrated my 10-year anniversary working in Cocoa. It’s been quite the journey.
It’s a journey that has allowed me to gain diverse perspectives including from a certification standard-setter (UTZ), an implementer (NGO Solidaridad) and from a brand perspective (The Hershey Company), leading our holistic sustainable development program (Cocoa For Good) backed with a $500 million commitment.
As an industry leader, we continue to hold ourselves to the highest quality, safety and sustainability standards. Our Responsible Sourcing strategy guides how we positively contribute to the sustainability and livelihoods of the communities and ecosystems we depend on to source ingredients, manufacture and deliver our products.
HERSHEY, Pa., Dec. 7, 2020 /3BL Media/ -- The Hershey Company (NYSE: HSY) today announced it will invest $1.5 million in the Thurgood Marshall College Fund (TMCF) to establish a scholarship endowment, with the goal to increase that to $3 million over the next ten years. The endowment will be used for students pursuing degrees in food science in TMCF-member-schools, which include public colleges that provide advanced education for underrepresented populations.
HERSHEY, Pa., March 2, 2021 /3BL Media/ -- The Hershey Company (NYSE: HSY) today announced new commitments to advance its environmental progress and contribute to global climate action. Hershey has set ambitious new goals to reduce its global emissions in line with the global best practice of the Paris Climate Agreement, to limit global temperature rise to 1.5°C.
At the center of our human rights policy is a belief in the principles of equality, equity and non-discrimination and a commitment to treating all individuals with respect, dignity and kindness. On Human Rights Day we want to take a moment to look back at the progress we’ve made in 2020 and what’s to come in the year ahead.
Hershey actively supports an inclusive marketplace through our supplier diversity program that creates business opportunities for qualified and diversely-owned enterprises. Besides enabling us to represent and better understand our consumers, diverse supply chains drive innovation and fresh thinking and reflect our diverse employee base, cementing their pride and sense of engagement in working for our company.
The Hershey Company’s legacy is rooted in doing well by doing good. This was the mission of our founder, Milton Hershey, who built a company on the values of integrity, excellence, togetherness and making a difference. That spirit lives on with us today, more than 125 years later.
BEATRICE MOULIANITAKI, Head of Cocoa Sustainability
Nearly 70 percent of the world’s cocoa comes from West Africa, and cocoa is a critical and often sole source of cash for millions of smallholder farming families. Unfortunately, these communities face environmental and economic difficulties that present various challenges for West African cocoa farmers. Many typically have low incomes, often at or below the accepted poverty line. Basic infrastructure is minimal or non-existent and land-rights are often poorly defined.