PILLAR 1: ACHIEVING A LIVING INCOME
Our aspirational targets
Our 2030 commitments We pay a price that enables more cocoa farmers to reach and maintain a living income.
Maintain that 40% or more cocoa farmers at our longest-term partner cooperatives are meeting or exceeding the living income benchmark, proportionate to their cocoa revenue, year-on-year. Note: While we are on track to meet this target for 2024/25, it’s important to note that future performance may vary due to fluctuating farmgate prices and the proportionate amount of cocoa volumes from individual cooperatives sold via Tony’s Open Chain.
We pay a price that enables all farmers to show year-on-year progress towards a living income. We work to ensure a living wage for labour hired by cocoa farmers.
More cocoa farmers at our longest-term partner cooperatives are progressing towards a living income. 47
We pay a price that enables cocoa farmers to pay their workers a living wage, and have developed a viable approach to ensuring these wages are paid in practice.
How we are working on this The Living Income Reference Price (LIRP)
Currently, we guarantee a sustained higher price paid by all Mission Allies, shared investment in productivity, long- term partnerships of at least five years, strong cooperative support and full data traceability. To this end, we have adopted the LIRP set by Fairtrade International. In 2024/25, the LIRP was set at € 2,200 for both the main and mid crop in in Côte d’Ivoire and €1,899.34 for the main crop in Ghana. 48 Emergency Productivity Boost (EPB) In response to climate shocks and declining productivity, we implemented an EPB for the 2024/25 main crop season in Côte d’Ivoire. This initiative added an additional €50 per metric ton on top of the LIRP, underscoring our commitment to increased investment during challenging periods. The EPB was designed to be triggered in case farmgate prices were deemed insufficient to cover cocoa farmers’ production costs. In Ghana, the farmgate price was higher relative to the cost of production, so the EPB was not activated. Lessons learned from the EPB implementation process inspired key aspects of our updated productivity programme. For details on this, and information on how the EPB was spent by partner cooperatives, see the Climate, environment & productivity chapter.
47. We’re developing a quantitative target based on data modelling from the 2024/25 season. The final target will be published in 2026. 48. Tony’s Open Chain did not source mid-crop beans from Ghana in 2024/25.
55
Ending exploitation in cocoa together
Living income
Climate, environment & productivity
Human rights
Governance & finances
Interesting appendices
Scaling for change
Introduction
Made with FlippingBook - Online magazine maker