Forever Chocolate, our plan to make sustainable chocolate the norm by 2025, has been ranked this year as an “outperforming” sustainability strategy in the food industry. This result is the conclusion of an in-depth independent sustainability assessment conducted by the company Sustainalytics. We are leading among our assessed peers.
At Barry Callebaut we know we are on a journey which is transformative for the cocoa and chocolate industry. I am extremely pleased that the ambition and robustness of Forever Chocolate receives the recognition it deserves.
Nicko Debenham, Head of Sustainability
So what is Sustainalytics? Sustainalytics is a company which assesses the sustainability approaches of listed companies. It looks at all the efforts we are currently doing on reaching our Forever Chocolate targets, in addition to other social and governance (i.e. corporate code of conduct, anti-corruption policy etc) indicators, and ranks it against the efforts of other participating food companies. These types of assessments respond to a growing interest from investors and societal stakeholders to understand whether sustainability strategies are actually managing supply chain risks and delivering impact.
We participate annually in the Sustainalytics assessment as it provides us with a solid and well respected third-party assessment of our investments in sustainability. The rating also has for Barry Callebaut an additional importance, as our Sustainalytics score also defines partly the interest rate we pay over our banking credit facility.