Working with Non For profit partners to create jobs and reinforce our local ecosystems through a general interest fund.
Danone Ecosystem Fund
The Danone Ecosystem Fund was established in 2009 when the financial crisis and rising unemployment had begun to seriously impact societies around the world. At that time, our then CEO Franck Riboud announced that it was time for companies to rethink the way they operated throughout their value chain. He called for partnerships within local ‘ecosystems’. “It’s in a company’s best interests to take good care of its economic and social environment, meaning its suppliers, its employees, its customers or the places where it operates. That’s what I call its ecosystem”.
ECOSYSTEM IN ACTION IN IRELAND
Some family farmers in southeast Ireland have insufficient income levels and face being dependent on one souce of revenue. It’s possible to generate income by developing forest biomass production on their unused forest areas and improve their income with profits from the sale of biomass. However, they require support, access to investment and expertise to develop this alternative source of income.
Through the Ecosystem fund, the Danone ELN Factory in Wexford, has invested in a biomass boiler to optimize sustainable energy use and reduce CO2 emissions at its plant with access to competitive biomass suppliers.
All the programs are designed to create economic growth. The Fund specifically supports the professional empowerment of “small” local actors with jobs being created or strengthened for smallholder farmers, micro-distributors, care givers and waste pickers. These small players in the local economy see an increase in revenue, as well as improvements in their working conditions, and consequently, improvement of their quality of life, as does that of their families. This is how the Danone Ecosystem Fund contributes to the development of an inclusive economy, reconciling the long term development of an international company with that of small players in the local economy who make up the ‘reinforced ecosystem’.