28 Aug '14, 2pm

Nespresso Says It Will Invest $554 Million In Sustainability Over Next Six Years

A large part of Nespresso’s investment is going toward a sustainable development fund, which will be use to work toward numerous six-year sourcing and social welfare goals. By 2020, the company hopes to source 100 percent of its Grand Cru coffees from its existing in-house AAA Sustainable Quality program, which the company developed in coordination with the Rainforest Alliance in 2003. By comparison, 84 percent of Nespresso’s coffee in 2013 fell under the AAA program, which has grown to affect some 62,000 farmers representing 290,000 hectares of coffee plantations in Ethiopia, India Brazil, Colombia, Costa Rica, Guatemala, Nicaragua and Mexico. Nespresso says the program pays farmers some 30 to 40 percent above market value, while providing operational and certification support.

Full article: http://dailycoffeenews.com/2014/08/28/nespresso-says-it-w...

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