212
repost (hexbear.net)
you are viewing a single comment's thread
view the rest of the comments
[-] citrussy_capybara@hexbear.net 39 points 3 months ago

numbers as of april 2024

  • The collective fortunes of the Ferrero and Mars families, who own the two biggest private chocolate corporations, surged to $160.9 billion during the same period. This is more than the combined GDPs of Ghana and Ivory Coast, which supply most cocoa beans.
  • Lindt, Mondelēz, and Nestlé together raked in nearly $4 billion in profits from chocolate sales in 2023. Hershey’s confectionary profits totaled $2 billion last year.
  • The four corporations paid out on average 97 percent of their total net profits to shareholders in 2023.
[-] ClimateChangeAnxiety@hexbear.net 33 points 3 months ago

The four corporations paid out on average 97 percent of their total net profits to shareholders in 2023.

What I’m reading here is both “You can afford to not use slave labor” and much less importantly “You’re overcharging me for chocolate! By a lot!”

[-] SpoopyKing 7 points 3 months ago
  • Ivory Coast GDP: $79.4B
  • Ghana GDP: $76.6B
  • Ivory Coast produced ~39% of global cocoa in 2022/2023 season
  • Ghana produced ~11% of global cocoa in 2022/2023 season
  • Mondelez net income: $5B
  • Mars net income: $6.5B
  • Nestle net income: $13.1B
  • Hershey net income: $1.5B

Data from Swiss Platform for Sustainable Cocoa and Wikipedia

this post was submitted on 21 Aug 2024
212 points (99.5% liked)

chapotraphouse

13566 readers
1056 users here now

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Slop posts go in c/slop. Don't post low-hanging fruit here.

founded 3 years ago
MODERATORS