04/04/2024 | Press release | Distributed by Public on 04/04/2024 02:41
We are very pleased to announce the finalization and approval of the Procurement Practices Position Paper by the DISCO Steering Committee.
Acknowledging that procurement practices are a fundamental aspect of enabling farmers to earn a living income represents a big step forward for the DISCO partnership - the market-based initiative of the largest cocoa-importing country in the world.
The paper points to three main procurement principles:
And two preconditions:
All DISCO signatories will incorporate them as part of their individual living income strategies. The adoption and implementation of these principles on procurement practices is a shared responsibility of all companies in the supply chain.
These principles will be added to the DISCO Roadmap on Living Income and help signatories effectively achieve the DISCO objective on living income by 2030. As part of the individual action plans that signatories will submit by the end of June, signatories should indicate how these new principles will be part of their individual living income strategy.
Simply providing services (such as GAP training, farm development planning, and cooperative management capacity building) will no longer be considered a sufficient living income strategy.