What is “Chocolatewashing?”

What is “Chocolatewashing?”

Child Labor in the Cocoa Industry: 

It’s a harsh reality, but the cocoa industry which produces the chocolate we recognize and love is plagued with widespread instances of child labor and slavery. Cocoa is grown primarily in Western Africa and South America, with Côte d’Ivoire and Ghana together producing nearly 60% of the world’s cocoa each year alone. Alarmingly, the latest estimates by the U.S. Department of Labor found that 1.56 million children are engaged in child labor - including some in forced child labor - on cocoa farms in these two countries.

What is “Chocolatewashing?”

An analysis across the cocoa industry illustrates a pattern of misleading statements from chocolate companies that have made commitments to eliminate child labor, yet lack the traceability in their supply chains to substantiate such commitments.

By making these unsubstantiated claims, companies, and the investors behind them, are left exposed to a host of regulatory, legal, financial, and reputational risks.

Tulipshare Ltd. Registered Office: 64 Nile Street, International House, London N1 7SR. | Registered in England & Wales. Company No: 12870288.
Your privacy is important to us. Please read our Privacy Policy to understand how we collect, use and share information about you.

No Investment Advice:
The information provided on this website is for informational purposes only and should not be considered as investment advice. We do not provide personalised investment recommendations or endorse any particular trading strategy. Any decision to engage in trading activities is solely at your own risk. You are responsible for conducting your own research and making informed investment decisions.

Tulipshare Ltd. Registered Office: 64 Nile Street, International House, London N1 7SR. | Registered in England & Wales. Company No: 12870288.
Your privacy is important to us. Please read our Privacy Policy to understand how we collect, use and share information about you.

No Investment Advice:
The information provided on this website is for informational purposes only and should not be considered as investment advice. We do not provide personalised investment recommendations or endorse any particular trading strategy. Any decision to engage in trading activities is solely at your own risk. You are responsible for conducting your own research and making informed investment decisions.