Op-Ed: Tackling Child Labor in Cocoa Requires a New Approach. Nestle's CEO Says the Company Has One

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Nestle CEO Mark Schneider explains why the company is investing more than $1.4 billion over the next decade to help cocoa farming families earn more.

In contrast, a true solution should benefit producers of all sizes while offering social and financial services that build durable economic stability over time. And it would encourage, and share the costs of, regenerative agricultural practices that benefit the environment, local communities and generations to come.

For example, under the new initiative, farmers and their families would receive payments if all children aged 6-16 are enrolled in school. If they perform certain agricultural activities to increase yields, like pruning, they receive additional compensation. The same goes for good agroforestry practices, such as planting shade trees, which increases output without converting new forestland. Diversifying their household income by planting other crops or raising livestock is also incentivized.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple CEO targeted by possibly armed stalker who came to his home, company allegesThe order bars the woman from possessing guns, approaching any Apple employees including Tim Cook, entering any Apple property or going to Cook’s Palo Alto residence.
Source: PennLive - 🏆 463. / 53 Read more »