French dairy group Danone today (9 June) announced plans to invest in sustainable agriculture in the Latin America and Caribbean region in partnership with international finance organisations.
Danone said the group, together with its Danone Ecosystem Fund, is teaming up with the Inter-American Development Bank (IDB) and Livelihoods Funds “to develop disruptive business solutions that boost economic growth” in the region.
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The three-year “global strategic partnership” will include “harnessing Danone’s value chain… to promote sustainable, inclusive development initiatives in the region”, Danone and its partners said. The partnership also aims to “empower local communities and protect the environment”.
The partners said their “broad and ambitious” plans feature five key areas for cooperation including “fostering sustainable agriculture, supporting inclusive recycling, protecting watersheds, increasing clean water access and driving Co2 reduction”.
In the first phase, the IDB and Danone “will look to strengthen and scale projects currently being implemented or designed by Livelihoods Funds and the Danone Ecosystem Fund in the Latin America and Caribbean region”.
Livelihoods Funds was created by private firms “to generate social, environmental and economic impact while making their businesses more sustainable”.
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By GlobalDataDanone CEO Emmanuel Faber said: “We believe private and public sector collaboration is central to fostering sustainable development, reducing social inequalities, and protecting the environment. As a major global company operating in the Latin America region, we are committed to playing a part in its economic development.”
Faber said the partnership “is another example of how we are bringing the alimentation revolution to life; co-creating innovative business models that not only benefit Danone but also protect the planet and support healthier eating and drinking practices.”
Last month, Danone said it was teaming up with AccelFoods, a US investment vehicle looking to support the expansion of companies in the “disruptive” natural and healthy food sector.
