The Jacobs Foundation joins forces with the world’s four largest cocoa and chocolate companies to achieve impact through community development and education in Côte d’Ivoire. Under the roof of the Jacobs Foundation’s TRECC program, the four companies Mars, Mondelēz International, Nestlé, and Barry Callebaut will reach out to at least 16’000 children and youth and 72’000 adults over the next three years to increase the livelihoods of the individual households by providing quality education, empowering women and assuring child labour remediation.
As part of these newly established partnerships, the four industry partners jointly invest CHF 5 million on top of their broader commitments under CocoaAction, and the Jacobs Foundation will match the companies’ investments with CHF 3.78 million in case they achieve their project goals. This payment by results mechanism is a new and innovative approach in in the field of social transformation.
Read more about how the world’s four largest cocoa and chocolate companies will reach their goals here.