Barry Callebaut pays CHF 2.8 million in premiums to Côte d'Ivoire cooperatives for Rainforest Alliance Certified(TM) cocoa
(Thomson Reuters ONE) -
Barry Callebaut AG /
Barry Callebaut pays CHF 2.8 million in premiums to Côte d'Ivoire cooperatives
for Rainforest Alliance Certified(TM) cocoa
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Farmers benefit from sustainable cocoa production
* More than 12,000 farmers from 45 cooperatives trained in good agricultural
practices
* Instruction delivered through Barry Callebaut's "Cocoa Horizons"
sustainability initiative
Zurich/Switzerland, Yamoussoukro/Côte d'Ivoire, August 24, 2012 - Barry
Callebaut, the world's leading manufacturer of high-quality cocoa and chocolate
products, paid premiums totaling CHF 2.8 million (EUR 2.4 million/USD 2.9
million) to 45 cocoa cooperatives and more than 12,000 farmers in Côte d'Ivoire
for Rainforest Alliance Certified(TM) cocoa.
Farmers receive half of the premium while the other half is retained by the
cooperative and used to provide services to its farmer members or for community
facilities. The farmers and cooperatives received the premium payments for the
delivery of more than 15,000 metric tonnes of certified cocoa during the
2011/12 cocoa season.
The premium payments were presented at a celebration in Yamoussoukro on August
23 attended by local officials and dignitaries, representatives from government
ministries, cooperative leaders and farmers.
"This event marks another important milestone in Barry Callebaut's long history
of working in partnership with farmers in Côte d'Ivoire to improve yields and
quality while growing cocoa in a sustainable way," said Steven Retzlaff,
President Global Sourcing & Cocoa, Barry Callebaut.
The more than12,000 farmers from the 45 cooperatives have been trained in
sustainable cocoa production by Barry Callebaut's in-house certification team
based in Côte d'Ivoire. Agricultural training is a core component of the
company's "Cocoa Horizons" cocoa sustainability initiative designed to boost
farm productivity, increase quality and improve family livelihoods in key cocoa
producing countries.
"We congratulate the producers and cooperatives on their accomplishments, and
commend them for making the commitment to apply sound and responsible
agricultural practices that are good for their cocoa trees, good for their farms
and good for their families," said Bart Willems, General Manager of Barry
Callebaut's subsidiary in Côte d'Ivoire, Societé Africaine de Cacao (SACO).
The cooperatives honored at the event are located throughout Côte d'Ivoire's
cocoa production belt, with the majority located in Bas-Sassandra, the country's
biggest cocoa producing region today.
"We are proud to recognize these cocoa farmers and cooperatives in Côte d'Ivoire
who are working to conserve biodiversity, to prevent soil erosion and water
contamination, and thereby safeguard their land and natural resources for future
generations," said Mercedes Tallo, Director of Sustainable Value Chains at the
Rainforest Alliance. "With the continued engagement of growers, cooperatives and
companies like Barry Callebaut in promoting and applying sound land-use
practices, we can together make important strides towards ensuring sustainable
livelihoods for cocoa farmers and their families."
The Rainforest Alliance certification standard includes economic, social and
environmental criteria, with an emphasis on environmental issues, including
protection of natural resources and the management of chemical inputs such as
fertilizer and pesticide. Last week, Barry Callebaut announced its first
collaboration with the Rainforest Alliance in Cameroon. For more information,
see www.rainforestalliance.org.
***
Barry Callebaut (www.barry-callebaut.com):
With annual sales of about CHF 4.6 billion (EUR 3.6 billion/USD 5.0 billion) for
fiscal year 2010/11, Zurich-based Barry Callebaut is the world's leading
manufacturer of high-quality cocoa and chocolate - from the cocoa bean to the
finished chocolate product. Barry Callebaut is present in 27 countries, operates
around 40 production facilities and employs a diverse and dedicated workforce of
about 6,000 people. Barry Callebaut serves the entire food industry focusing on
industrial food manufacturers, artisans and professional users of chocolate
(such as chocolatiers, pastry chefs or bakers), the latter with its two global
brands Callebaut(®) and Cacao Barry(®). Barry Callebaut is the global leader in
cocoa and chocolate innovations and provides a comprehensive range of services
in the fields of product development, processing, training and marketing. Cost
leadership is another important reason why global as well as local food
manufacturers work together with Barry Callebaut. Through its broad range of
sustainability initiatives and research activities, the company works with
farmers, farmer organizations and other partners to help ensure future supplies
of cocoa and improve farmer livelihoods.
***
Contacts
for investors and financial analysts: for the media:
Evelyn Nassar Pilar Wolfsteller
Head of Investor Relations External Communications Manager
Barry Callebaut AG Barry Callebaut AG
Phone: +41 43 204 04 23 Phone: +41 43 204 05 86
evelyn_nassar(at)barry-callebaut.com pilar_wolfsteller(at)barry-callebaut.com
The complete press release can be downloaded via the following link:
Press Release:
http://hugin.info/100441/R/1635978/525633.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Barry Callebaut AG via Thomson Reuters ONE
[HUG#1635978]
Unternehmensinformation / Kurzprofil:
Datum: 24.08.2012 - 10:01 Uhr
Sprache: Deutsch
News-ID 177439
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