The agreement, organised by World Cocoa Foundation (WCF) and The Prince's International Sustainability Unit, will help us grow our impact by supporting the entire cocoa sector to be more sustainable.

We believe public-private partnerships are critical to transforming the cocoa sector and tackling deforestation because of their power to combine the resources and expertise of governments, donors, industry, suppliers and - most importantly - farmers all working together.

No-one can do this on their own. That’s why partnership is one of three non-negotiable principles in our supply chain program, Cocoa Life, and why we so value the WCF bringing together critical actors to tackle the challenge of deforestation in cocoa together.

We announced our commitment to lead private sector action addressing this issue at the UN climate summit, COP21, in 2015. I am delighted that the cocoa sector has now agreed to work together on this.

Deforestation in our cocoa supply matters to us because we estimate that, along with palm oil, it makes up the largest part of our carbon footprint.

And it matters to farmers because they depend on the forest to protect the fragile environment they need to grow cocoa, by providing regular rain and helping to protect against the effects of climate change.

Yet farmers have been expanding into forests because their cocoa yields are low, so the only way to meet growing demand is to clear new land.

Through Cocoa Life, we are looking to break this cycle by helping farmers grow more cocoa on their existing farms, build their resilience to climate change and improve their incomes.

We’re also working in partnerships, such as our new relationship with Fairtrade who will help communities become more resilient to climate change, as well as partnerships with the Côte d’Ivoire government, World Bank and the United Nations Development Programme.

These efforts will help meet our corporate 2020 Sustainability goals to step up our actions against climate change by addressing deforestation in key raw material supply chains, as well a science-based target to cut manufacturing emissions by 15%.