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Social, societal and environmental responsibility
5.3 Funds sponsored by Danone
DANONE
REGISTRATION DOCUMENT 2015
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Livelihoods Fund for Family Farming
Creation
The Livelihoods Fund for Family Farming (L3F) is a company cre-
ated at Danone's initiative for the purpose of investing in projects
that generate carbon credits, agricultural products and other
socio-environmental co-benefits. It is a French simplified stock
company (
société par actions simplifiée
) with variable capital created
on July 30, 2015.
This new fund is a follow-up to the first Livelihoods Fund and sup-
plements Danone's other societal funds and initiatives. Its goal is to
test and develop new innovative models for the sustainable supply
of its critical raw materials in developing countries with the help
of a coalition of diverse stakeholders. This new fund is in line with
the Danone 2020 strategy, particularly as regards the sustainable
supply component and the three-pronged economic, social and
environmental objective.
Investors
The Livelihoods Fund for Family Farming was created by Danone
and Mars Inc., each of which committed to a total investment of
€15 million, €1 million of which was already paid to the fund as of
December 31, 2015.
The fund seeks to attract other investors in order to increase the
fund's size, and therefore the number of projects initiated, limit the
risks associated with each project and achieve economies of scale.
Investments made by the fund
The Livelihoods Fund for Family Farming explores project opportu-
nities in seven target commodities determined by investors: cocoa,
water, palm oil, milk, mint, sugar and vanilla.