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International Finance Corporation and Nestlé Nespresso to
Invest $500,000 over two years to assist farmers in Central America
San Jose, Costa Rica (ots) - In conjunction with the 2006
Sintercafé conference, Nestlé Nespresso, the pioneer in premium
portioned coffee, and the International Finance Corporation (IFC), a
member of the World Bank Group, announced a partnership in which the
two organisations will provide a total of $500,000 over two years to
expand the NESPRESSO AAA SUSTAINABLE QUALITY PROGRAM in Central
America, a critically important coffee-growing area.
The financing will be used so Nestlé Nespresso can expand the
scope of its AAA PROGRAM and make improvements in the quality and
sustainability farm practices in regions of three important Central
American coffee-growing countries, including Costa Rica (La Giorgia
and Orosi), Guatemala (Huehuetenango), and Mexico (Ixhuatlan).
The AAA PROGRAM is an innovative approach to ensuring that both
consumers and farmers benefit from the quest of Nestlé Nespresso for
highest quality at every step of the value chain.
Nestlé Nespresso will use the Tool for the Assessment of
Sustainable Quality (TASQ), to conduct more than 4,500 farm
assessments. This tool was specially created to gauge farm
performance against sustainability and highest-quality farming
practices. There will be no cost passed on to the farmers, which is a
marked advantage especially for those smaller farms who do not
typically have the monetary means to pay for assessments.
"We are delighted the IFC has recognised the quality of our AAA
PROGRAM and the TASQ(tm) tool by agreeing to co-finance the expansion
of the program in Central America," said Gerhard Berssenbrügge, CEO
of Nestlé Nespresso. "We look forward to making a significant impact
in the areas where we source our coffee in collaboration with our
strategic partners ECOM and Rainforest Alliance."
"The new Nestlé Nespresso partnership with the IFC is a further
development of the Nestlé Shared Value Creation approach," said Hans
Jöhr, Corporate Head of Agriculture, Nestec SA. "It is part of a
wider one million dollar public-private partnership between Nestlé
and the Latin America and Caribbean Facility of the IFC with the
objective of offering technical assistance to farmers throughout
Rainforest Alliance, a leading sustainable agriculture NGO and
co-partner of the AAA PROGRAM, will use its team of agronomists based
on the ground in these coffee-growing countries to consult with the
farmers and provide independent verification of these farm
"We applaud the effort that Nestlé Nespresso has made in getting
farms on the path toward sustainability and success," said Chris
Wille, Chief of Sustainable Agriculture, Rainforest Alliance. "We
welcome the opportunity to work with the IFC, which will allow us to
bring the benefits of sustainable agriculture to many more farmers
and rural communities while protecting the environment on which their
ECOM Agroindustrial Corporation, one of the leading international
green coffee suppliers and a key collaborator of Nestlé Nespresso,
has played a strategic role in developing the program and will
continue its drive towards sourcing AAA coffees from the region.
For more information on Nestlé SA Corporate Social Responsibility
initiatives and the report on "Creating Shared Value", visit
www.nestle.com/Our_Responsibility/Responsibility.htm. For more
information on the Nespresso AAA SUSTAINABLE QUALITY Program,
International Finance Corporation
For more information, visit www.ifc.org.
For more information, visit www.rainforest-alliance.org
ECOM Agroindustrial Corp. Ltd.
For more information, visit www.ecomtrading.com
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