The Hershey Company and Its Partners Inaugurate Three Primary Schools in Côte d'Ivoire as Part of Initiative To Expand Access to Education
The Hershey Company has inaugurated three public primary schools in Côte d'Ivoire, including one new construction and two renovations. The project is part of a tripartite agreement with the country's National Oversight Committee (CNS) and the International Cocoa Initiative (ICI). This initiative is part of a larger commitment to build 12 primary schools (72 classrooms) by 2025 in cocoa-producing communities. The schools are located in Gly, in the Lôh-Djiboua region, and complement Hershey's broader efforts including the Income Accelerator program for cocoa farmers and environmental preservation initiatives in the Mabi-Yaya Nature Reserve.
La Hershey Company ha inaugurato tre scuole primarie pubbliche in Côte d'Ivoire, tra cui una nuova costruzione e due ristrutturazioni. Il progetto fa parte di un accordo tripartito con il Comitato Nazionale di Vigilanza del paese (CNS) e l'Iniziativa Internazionale del Cacao (ICI). Questa iniziativa è parte di un impegno più ampio per costruire 12 scuole primarie (72 aule) entro il 2025 nelle comunità produttrici di cacao. Le scuole si trovano a Gly, nella regione di Lôh-Djiboua, e completano gli sforzi più ampi di Hershey, inclusi il programma di Accelerazione del Reddito per i coltivatori di cacao e le iniziative di salvaguardia ambientale nella Riserva Naturale di Mabi-Yaya.
La compañía Hershey ha inaugurado tres escuelas primarias públicas en Côte d'Ivoire, incluyendo una nueva construcción y dos renovaciones. El proyecto forma parte de un acuerdo tripartito con el Comité Nacional de Supervisión del país (CNS) y la Iniciativa Internacional del Cacao (ICI). Esta iniciativa es parte de un compromiso más amplio para construir 12 escuelas primarias (72 aulas) para 2025 en comunidades productoras de cacao. Las escuelas están ubicadas en Gly, en la región de Lôh-Djiboua, y complementan los esfuerzos más amplios de Hershey, incluyendo el programa de Aceleración de Ingresos para los agricultores de cacao y las iniciativas de conservación ambiental en la Reserva Natural de Mabi-Yaya.
허쉬 컴퍼니는 코트디부아르에 세 개의 공립 초등학교를 개교했습니다. 이 중 하나는 신축 학교이고 두 개는 리모델링되었습니다. 이 프로젝트는 국가 감독 위원회(CNS) 및 국제 코코아 이니셔티브(ICI)와의 삼자 협약의 일환입니다. 이 이니셔티브는 코코아 생산 지역에서 2025년까지 12개 초등학교(72개 교실)를 건설하겠다는 보다 큰 약속의 일부분입니다. 학교는 로흐-디지부아 지역의 글리(Gly)에 위치하고 있으며, 허쉬의 광범위한 노력 중에는 코코아 농민을 위한 소득 가속기 프로그램과 마비-야야 자연 보호 지역 내 환경 보존 이니셔티브가 포함되어 있습니다.
La société Hershey a inauguré trois écoles primaires publiques en Côte d'Ivoire, dont une nouvelle construction et deux rénovations. Ce projet s'inscrit dans le cadre d'un accord tripartite avec le Comité National de Surveillance du pays (CNS) et l'Initiative Internationale du Cacao (ICI). Cette initiative fait partie d'un engagement plus large visant à construire 12 écoles primaires (72 salles de classe) d'ici 2025 dans les communautés productrices de cacao. Les écoles sont situées à Gly, dans la région de Lôh-Djiboua, et complètent les efforts plus larges de Hershey, y compris le programme d'Accélérateur de Revenus pour les agriculteurs de cacao et les initiatives de préservation de l'environnement dans la Réserve Naturelle de Mabi-Yaya.
Die Hershey Company hat drei öffentliche Grundschulen in Côte d'Ivoire eingeweiht, darunter ein Neubau und zwei Sanierungen. Das Projekt ist Teil eines dreiseitigen Abkommens mit dem Nationalen Aufsichtskomitee des Landes (CNS) und der Internationalen Kakaoinitiative (ICI). Diese Initiative ist Teil eines umfassenderen Engagements, bis 2025 in kakaoproduzierenden Gemeinden 12 Grundschulen (72 Klassenzimmer) zu bauen. Die Schulen befinden sich in Gly, in der Region Lôh-Djiboua, und ergänzen die breiteren Bestrebungen von Hershey, einschließlich des Einkommensbeschleunigungsprogramms für Kakaobauern und von Initiativen zur Umweltbewahrung im Naturreservat Mabi-Yaya.
- Commitment to build 12 primary schools (72 classrooms) by 2025 demonstrates long-term investment in supply chain communities
- Strategic partnership with government and NGOs shows strong institutional support
- None.
Insights
While this school construction initiative demonstrates Hershey's commitment to social responsibility and sustainable cocoa sourcing, its immediate financial impact is minimal relative to Hershey's
The strategic value lies in risk mitigation and brand reputation protection. By investing in education infrastructure in cocoa-producing regions, Hershey reduces exposure to child labor controversies while building goodwill with local communities and government stakeholders. This supports long-term supply chain stability but isn't likely to materially impact near-term financial performance or stock valuation.
HERSHEY, PA / ACCESSWIRE / October 29, 2024 / The Hershey Company has inaugurated three public primary schools in Côte d'Ivoire, a leading cocoa-producing country. The projects, which include the construction of one new school and renovation of two existing schools, were funded by the company as part of a tripartite agreement with Côte d'Ivoire's National Oversight Committee for Actions to Fight Child Labor, Trafficking and Exploitation (CNS), chaired by First Lady Dominique Ouattara, and the International Cocoa Initiative (ICI).
Part of Hershey's ongoing commitment to cocoa-growing communities, the inauguration of the three Côte d'Ivoire schools will help provide children access to high-quality education and support the families that make its products possible.
"Supporting children's education has been a central part of Hershey's mission since our founding more than 130 years ago," said James Turoff, senior vice president and general counsel at Hershey. "Today, we're continuing this work by helping expand the education system in cocoa-farming communities. Our hope is that having greater access to a quality education can set generations of children on a path to fulfilling and productive lives."
"These projects demonstrate our unwavering commitment to protect children," said ICI Executive Director Matthias Lange. "Constructing or renovating school buildings, canteens and accommodation for teachers is critical to reducing barriers to school enrollment and providing infrastructure that benefits the whole community."
The construction and renovation of the primary schools in Gly, a village in the Lôh-Djiboua region of Côte d'Ivoire, is part of a broader collaboration between Hershey, the Ivorian government and non-governmental organizations. In April 2023, Hershey signed an agreement with CNS and ICI to fund the construction of 12 primary schools (72 classrooms) by 2025 in cocoa-producing communities that currently lack school infrastructure.
"The investment in these schools by Hershey reflect our shared commitment to ensuring our children have access to modern facilities that will enable them to have a bright future," said Mme. Ouattara, who has been a strong advocate of children's rights and well-being for nearly 30 years.
The completion of the three Gly schools marks a significant milestone in Hershey's commitment to create a more resilient supply chain and improve the livelihoods of cocoa-farming families. It is also part of Hershey's broader efforts in Côte d'Ivoire, including its Income Accelerator program to improve the incomes of cocoa farmers and environmental preservation initiatives, particularly in the Mabi-Yaya Nature Reserve in southeastern Côte d'Ivoire.
About The Hershey Company
The Hershey Company (NYSE: HSY) is an industry-leading snacks company known for making more moments of goodness through its iconic brands, remarkable people and enduring commitment to doing the right thing for its people, planet, and communities. Hershey has more than 20,000 employees in the U.S. and worldwide who work daily to deliver delicious, high-quality products. The company has more than 90 brand names in approximately 80 countries that drive more than
For over 130 years, Hershey has been committed to operating fairly and ethically. The candy and snack maker's founder, Milton Hershey, created Milton Hershey School in 1909, and since then, the company has focused on helping children succeed through equitable access to education.
To learn more visit www.thehersheycompany.com.
Follow:
http://www.twitter.com/hersheycompany
https://www.linkedin.com/company/the-hershey-company
http://www.facebook.com/hersheycompany
https://www.youtube.com/hersheycompany
http://www.instagram.com/hersheycompany
View additional multimedia and more ESG storytelling from The Hershey Company on 3blmedia.com.
Contact Info:
Spokesperson: The Hershey Company
Website: https://www.3blmedia.com/profiles/hershey-company
Email: info@3blmedia.com
SOURCE: The Hershey Company
View the original press release on accesswire.com
FAQ
How many schools did Hershey (HSY) inaugurate in Côte d'Ivoire in October 2024?
What is Hershey's (HSY) total school construction commitment in Côte d'Ivoire by 2025?
Where are the new Hershey (HSY) schools located in Côte d'Ivoire?
