Latest news with #CocoaLife
The Sun
10 hours ago
- Business
- The Sun
New Cadbury Dairy Milk Chocolate ‘to captivate Malaysian tastebuds'
'CADBURY is calling all fans to fall in love with chocolates all over again!' said Cadbury Malaysia today, as it unveiled a richer, creamier and more indulgent recipe for its classic Cadbury Dairy Milk, enhancing the signature taste that fans have loved for generations. The upgrade also introduced a new King Size 200gm bar and a redesigned chunk shape across the entire range, 'delivering a more satisfying chocolate experience in every bite'. 'Crafted with love at the Shah Alam plant by over 250 chocolate-makers, Cadbury Dairy Milk embodies a commitment to quality and innovation,' the company stated yesterday, in front of selected local media representatives at the brand's only plant in Southeast Asia. It added that the plant has been certified halal by the Department of Islamic Development Malaysia (Jakim) since 1994 and adheres to the highest food safety and quality standards. 'Additionally, it embraces sustainable practices through recyclable packaging, renewable energy, and sustainable cocoa sourcing, supported by Mondelez International's global 'Cocoa Life' initiative. Mondelez International (Malaysia & Singapore) marketing head See Mei Sin said: 'Cadbury Dairy Milk has enjoyed a long heritage and brand love in Malaysia for more than 75 years. It has become a huge part in the lives of Malaysians, helping them to share connection, celebrate milestones and create milestones to last. As we continue this journey, we've been listening closely to our consumers and evolving with them. 'Today, we are proud to build this continued connection with our fans with the launch of our new and more enriching Cadbury Dairy Milk chocolates that are richer and more chocolatey with every bite.' 'Not just a chocolate bar' See stated that Cadbury's 'Glass and a Half' spirit is rooted in generosity and the belief in uplifting others in meaningful ways. 'This comes to life through initiatives that celebrate everyday kindness, such as 'For You I Would' and 'Cadbury Kuih Raya Dari Hati'. In partnership with MyKasih Foundation, 'Kuih Raya Dari Hati' is a bake-for-charity initiative that empowers women from underserved communities with a chance to showcase their skills, earn additional income and support other communities in need during the festive season. 'Since its launch in 2021, the programme has grown into a national movement that blends cultural celebration with social impact. In 2024, it was recognised by the Malaysia Book of Records for the baking of 150,000 Cadbury chocolate tarts, donated to over 30 welfare homes and underserved communities through Food Aid Foundation. More than just a charitable initiative, it created real income opportunities ahead of the festive season while fostering a strong sense of community.' The richer and more chocolatey Cadbury Dairy Milk, including the King Size 200gm bar is now available nationwide. 'With a renewed recipe and a heartfelt mission to spread joy, Cadbury invites Malaysians to fall in love with chocolate all over again,' said See. She added that Cadbury Dairy Milk is spreading joy across Malaysia with its Purple Truck, travelling nationwide from July 1 to Aug 31, 2025. 'This exciting initiative aims to connect with communities and celebrate the simple pleasures of chocolate through interactive activities, indulgent treats and unforgettable experiences. Malaysians can look forward to sampling the brand's rich, chocolatey goodness while embracing moments of togetherness at every stop.' For more information on Cadbury Dairy Milk's products and activities, check out the company's Facebook page here. The Cadbury Dairy Milk Purple Truck 'is spreading joy across Malaysia' from July 1 to Aug 31, 'to connect with communities and celebrate the simple pleasures of chocolate through interactive activities, indulgent treats and unforgettable experiences.'
Yahoo
04-06-2025
- Business
- Yahoo
Mondelēz International Scales Up Due Diligence and Sector Collaboration to Promote Human Rights; Releases Annual 2024 Progress Report
Continued to scale human rights due diligence across global operations and supply chains, with ~96% of owned plants and ~98% of prioritized supplier sites audited in the last three years.1 Trained more than 50,000 colleagues since launching Human Rights Policy in 2021. Advanced efforts to help prevent child labor and support community resilience, expanding Child Labor Monitoring & Remediation Systems to cover ~89% of Cocoa Life communities in West Africa by the end of 2024. CHICAGO, June 04, 2025 (GLOBE NEWSWIRE) -- lMondelēz International, Inc. (Nasdaq: MDLZ) today released its 2024 Human Rights Due Diligence and Modern Slavery Report, outlining the company's progress in helping to prevent, identify, and address potential human rights and modern slavery risks across its operations and value chain. 'Doing what's right is ingrained in our Snacking Made Right mission. We strive to embed human rights due diligence into how we do business every day,' said Chris McGrath, Chief Impact & Sustainability Officer, Mondelēz International. 'The scale of challenges needs increased focus and meaningful partnerships – and we continue to evolve and make progress on both fronts. We have strong execution plans that we believe will continue to support our growth around the world, underpinned by our focus on promoting a culture where everyone is treated with care and integrity.' Scaling and Enhancing Due Diligence across the Value Chain Beyond information included in the 2024 Report released today, Mondelēz International continues to strengthen its human rights due diligence (HRDD) across both its own operations and supplier network: ~96% of owned manufacturing sites and ~98% of prioritized suppliers have completed third-party SMETA audits in the past 3 years. HRDD coverage has been expanded to increase coverage of suppliers' manufacturing and logistic sites handling the company's finished products. Since launching its dedicated Human Rights Policy in 2021, the company has trained more than ~50,000 colleagues on human rights issues, including ~7,000 in manufacturing and logistics, and ~3,000 in key stewardship roles. As part of its focus on prioritized ingredients, Mondelēz International continued scaling its signature cocoa sustainability program Cocoa Life in 2024: Partnering with around 208,000 farmers and backed by a $1 billion investment from 2012 through 2030. As of year-end 2024, approximately 89% of Cocoa Life communities in West Africa – representing approximately 2,480 communities – are covered by Child Labor Monitoring & Remediation System (CLMRS). The company aims to cover all West African Cocoa Life communities with a CLMRS by the end of 2025 and has conducted more than 240,000 interviews to help prevent child labor. Cocoa Life's integrated approach focused on developing ways to help make cocoa farming more profitable, help protect and restore forests and help lift local cocoa communities. This includes efforts focused on women's empowerment, income diversification, and entrepreneurship through Village Savings and Loan Associations and partnerships with CARE International. Sector Collaboration to Accelerate Impact Mondelēz International believes addressing systemic human rights issues in ingredient supply chains needs collaboration between governments, industry, and civil society. To help address child labor in the West African Cocoa supply chain, in 2024, the company deepened its support for sector-wide systemic solutions, through its continued support and investment of ~$3million from 2022 to 2026 in the Child Learning and Education Facility (CLEF), which aims to reach over 4 million children by transforming rural education in Cote d'Ivoire. Building on the success of the CLEF initiative, Mondelēz International is supporting the development of a new public-private partnership, the System Change Architecture for Learning Excellence (SCALE) initiative to help improve the quality of education in Ghana with an investment of ~$1million over the next four years. SCALE is innovating how national-level financing can be unlocked. To date, three philanthropic partners and 10 cocoa and chocolate companies have joined forces to support SCALE — a collaborative co-funding mechanism that will inject further funds into the Ghana Accountability for Learning Outcomes Project (GALOP), a five-year governmental initiative seeking to improve the quality of education in low-performing basic education (ages 4-15) schools and strengthen the education sector across Ghana. It focuses on strengthening teaching capacity, accountability and leadership systems, access to high-quality school resources, and better operational management. It is the first time that private and philanthropic organizations have raised enough finance to trigger the Global Partnership for Education's (GPE) Multiplier Grant in Ghana. By pooling US$40 million, SCALE partners were able to unlock an additional US$40 million from GPE to support GALOP. Beyond cocoa, the company's multiple collaborations with industry coalitions help support the company's progress and human rights efforts. These include: Co-chairing the Consumer Goods Forum (CGF) Human Rights Coalition, to help shape industry leading practices. This year, Mondelēz supported the development of the Best Practice Note on Human Rights Defenders which aims to inspire businesses in helping to better protect human rights defenders. Supporting World Cocoa Foundation's (WCF) vision to catalyze a thriving and equitable cocoa sector. Serving as a member of the International Cocoa Initiative (ICI) Board of Directors to support sector-wide progress in addressing child labor in West African cocoa. Joining the Coalition for Responsible Sugarcane India (CRSI) to help strengthen human rights practices in India's sugarcane sector. Co-chairing the CAOBISCO's partnership with the International Labor Organization to help combat child labor in seasonal harvesting of hazelnuts in Turkey. Partnering with WageMap, a new initiative to drive alignment across living wage methodologies and frameworks. Our Human Rights Approach At Mondelēz International, we are committed to making our snacks the right way, including respecting the human rights of people in our value chain. As part of our business practices, we use the United Nations Guiding Principles on Business and Human Rights (UNGPs) as a guide to prevent and mitigate associated risks, supporting our commitment to fostering a safe, healthy and sustainable working environment, as detailed in our Human Rights Policy. About Mondelēz InternationalMondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2024 net revenues of approximately $36.4 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit or follow the company on X at Contacts: Maggie McKerr1-847-943-5678news@ 1 We aim to regularly and transparently report our progress. You can find additional details on Mondelēz International's ESG goals and reported information within the About This Report section of our 2024 Snacking Made Right in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Independent
08-02-2025
- Business
- The Independent
Be careful – this might just ruin your Valentine's Day
Is chocolate off the menu for Valentine's Day gifts? And even Easter? Disease, extreme weather, and, sometimes, government policy in the Ivory Coast and Ghana – which combine for two-thirds of the world's cocoa supply – are the guilty parties. They are responsible for the price nearly trebling in the past year and repeatedly breaking records. Chocolatiers have inevitably sought to pass on the increasing costs of their raw material to the consumer. The most recent food price inflation monitor by the consumer group Which? cited the chocolate category as the highest riser. It jumped by 12.4 per cent in the year to November 2024. Manufacturers have been looking at ways to deal with the issue, including cutting the cocoa content of their products or using a greater proportion of fillings where possible. You may find your favourite fruit and nut bar is more fruit, more nut, and less bar this year. Then, there is shrinkflation; reducing the size of the product while holding its price point. It is a highly controversial practice in Britain. But you can expect to see more of it, particularly when it comes to the likes of Easter eggs, which are particularly susceptible to the practice because they are only bought once a year. How much pain the consumer, battered by inflation and a bad economy, will put up with is an open question. Kantar's latest supermarket survey put food price inflation at 3.3 per cent in January, which is down on the previous month but still painful when one considers that it is cumulative. Needless to say, chocolate isn't an essential, and even during gifting seasons, there are alternatives available. There have been signs that consumers are becoming restive. The US confectioner Hershey cited this when it released its third-quarter results which blamed 'historically high cocoa prices and a challenging consumer environment' for a fall in sales (and a miss when it came to Wall Street's expectations). There is scant sign of any relief on the horizon. Predictions for the year ahead are not rosy when it comes to the availability of cocoa, and thus its price. So volatile has the futures market become that even hedge funds, which make bets on the financial and commodity markets, have started to fight shy. As the news agency Reuters explained: 'In the middle of last year, hedge funds – a class of investors that use privately pooled money to make speculative bets – started pulling back from trading cocoa futures because price swings in the market were raising their cost of trading and making it harder to make profits.' One cannot ignore the malign impact of climate change in all this, something that is increasingly viewed with concern by chocolate makers. Mondelez, a US multinational with an enviable portfolio of much-loved consumer brands including Cadbury, has an initiative called 'Cocoa Life'. 'If the cocoa sector doesn't take action, current cocoa-producing regions may no longer be viable in the future as a result of climate change,' it warns. The company has also been active in seeking to encourage more farmers to grow the crop. It has skin in the game here, but its point is well-made. Own-label produce is, as ever, considerably cheaper than brands, which are particularly prevalent in this sector. A 200g bar from Sainsbury's will set you back £2.50. You would need to spend £2.75 to buy 180g of Cadbury's Dairy Milk. It isn't inconceivable that chocolate goes from an affordable sweet treat to a luxury item. Some would argue that we're already there. It is a bitter pill to swallow for those who love the stuff. If you are planning to stomach the price rises to buy your loved one a Valentine's gift or an Easter egg, you might have little choice but to give it up for Lent.
