Expansion of sustainable cocoa production.

Cocoa production

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Expansion of sustainable cocoa production.
Expansion of sustainable cocoa production.
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Commercial initiatives in areas such as establishment of nurseries, production of organic fertilizers, provision of agronomic services.

Expected Impact

Sustainable production practices will increase the cocoa sector's productivity, resilience and participation in national and international markets.

How is this information gathered?
Updated: 4 Jan, 2024 Date of Production: 7 Sep, 2023
Dominican Republic
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
5% - 10% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Zero Hunger (SDG 2) Decent Work and Economic Growth (SDG 8) Partnerships For the Goals (SDG 17)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1)

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Sector Sources
  • 1) Nieto, A. M. & Reyes, G.E., 2019. Food security and Imports in Latin America and the Caribbean between 1992 and 2016. https://www.revistaespacios.com/a19v40n38/a19v40n38p01.pd 2) ONE, 2022. General Report ENHOGAR 2021. https://www.one.gob.do/publicaciones/2022/informe-general-enhogar-2021/?altTemplate=publicacionOnline 3) IPC, 2023. IPD Dominican Republic Acute Food Insecurity Situation October 2022 - February 2023 and Projection for March - June 2023. https://www.ipcinfo.org/ipc-country-analysis/details-map/en/c/1156125/ 4) Law 1-12 National Development Strategy 2030. https://mepyd.gob.do/estrategia-nacional-de-desarrollo-2030/ 5)ONE, 2019. 25% of women own land in the DR. https://www.one.gob.do/noticias/2019/un-25-de-mujeres-es-propietaria-de-tierras-en-rd/ 6) Central Bank, 2023. Dominican Republic Economic Report 2022. https://www.bancentral.gov.do/Publicaciones/Consulta 7) DGA, 2022. Trade Magazine of the Dominican Republic in 2022. https://www.aduanas.gob.do/estadisticas/informes-boletines/ 8) IICA, 2021. Dominican Republic: implementing NDC in the agriculture sector. https://repositorio.iica.int/bitstream/handle/11324/20776/BVE22088524e.pdf?sequence=5&isAllowed=y 9) MEPYD, 2017. Losses caused by natural phenomena between November 2016 and September 2017. https://mepyd.gob.do/wp-content/uploads/drive/UAAES/Topicos%20de%20Coyuntura/Perdidas%20provocadas%20por%20los%20fenomenos%20naturales%20entre%20noviembre%202016%20y%20septiembre%202017.pdf 10) ONE, 2020. The importance of the agricultural sector in economic activity and in the generation of employment generation. https://www.one.gob.do/media/0d1ilonh/bolet%C3%ADnpanoramaestad%C3%ADstico101laimportanciadelsectoragropecuarioenlaactividadecon%C3%B3micamar-abr2020.pdf 11) National Plan for Food and Nutritional Sovereignty and Security 2023-2026. https://sinassan.gob.do/documentos-tecnicossection-container-sinassan/ 12) Strategic Agricultural Sectorial Plan of the Dominican Republic 2020/2030 -Vision 2050-. https://agricultura.gob.do/transparencia/wp-content/uploads/2022/12/Plan-Estratgico-Sectorial-Agropecuario-2020-2030-RV21-05-2020.pdf 13) ProDominicana, 2022. Dominican Republic's investment guide 2022. https://prodominicana.gob.do/Documentos/Guia%20de%20inversion%20RD%20ingles%202022%203%20(1).pdf 14) World Bank, 2020. Arable land (% of land area) - Dominican Republic. https://data.worldbank.org/indicator/AG.LND.ARBL.ZS?locations=DO 15) World Bank, 2022. Arable land (hectares) - Dominican Republic. https://data.worldbank.org/indicator/AG.LND.ARBL.HA?locations=DO 16) Superintendency of Banks, 2023. Agricultural credit accounts for 11.5% of the financial system's commercial loan portfolio. https://www.sb.gob.do/prensa/credito-agropecuario-representa-el-115-de-la-cartera-comercial-del-sistema-financiero/
IOA Sources
  • 17) Murtiati, M. et al., 2022. Cacao-based Agroforestry in Conservation Forest Area: Farmer Participation, Main Commodities and Its Contribution to the Local Production and Economy. http://journal.unhas.ac.id/index.php/fs/article/view/13991 18) Modor Intelligence, 2023. Cocoa Beans Market: Growth, Trends, Impact Of Covid-19 And Forecasts (2022 - 2027). https://www.mordorintelligence.com/es/industry-reports/cocoa-bean-trade-analysis 19) CFN, 2022. Cocoa and chocolate sectoral fact sheet in Ecuador. https://www.cfn.fin.ec/wp-content/uploads/downloads/biblioteca/2022/fichas-sectoriales-2-trimestre/Ficha-Sectorial-Cacao.pdf 20) CSI Market, 2023. Food Processing Industry Return On Investment Statistics. https://csimarket.com/Industry/industry_ManagementEffectiveness.php?ind=505 21) Ministry of Agriculture, 2019. Estimated Costs of Production of Agricultural Crops and Livestock Products 2019. https://agricultura.gob.do/wp-content/uploads/2022/09/Costos-Estimados-de-Produccin-de-Cultivos-Agrcolas-2019.pdf. 22) ONE, 2019. Cost of production of the main agricultural products at current prices, by year, 1999-2019. https://www.one.gob.do/media/kkxb01do/1-7-costos-estimados-de-produccion-seg%C3%BAn-a%C3%B1o-1999-2019.xls. 23) IICA, 2017. Marketing schemes that favor the linkage of cocoa producers with the market. https://repositorio.iica.int/bitstream/handle/11324/2995/BVE17058893e.pdf;jsessionid=D7E0E98BB0B80589BD33EE0B83FFB1EB?sequence=1 24) Matlick, B.K., et al. , 2019. IESC - Analysis of the cocoa value chain in the Dominican Republic. https://adoexpo.org/wp-content/uploads/2022/06/Informe_Cacao_ECI_3v-final.pdf 25) National plan for sustainable cocoa development plan Dominican Republic 2017 - 2027. https://info.undp.org/docs/pdc/Documents/DOM/Plan%20de%20Accion%20Nacional%20Desarrollo%20Sostenible%20de%20Cacao%20%20Marzo%202017.pdf 26) ECLAC, 2020. Strengthening the coffee value chain in the Dominican Republic: in response to climate change. http://repositorio.cepal.org/bitstream/handle/11362/46433/S2000894_es.pdf?sequence=1&isAllowed=y 27) ITC, 2022. List of exporters for the selected product in 2022 Product : 1801 Cocoa beans, whole or broken, raw or roasted. https://www.trademap.org/Country_SelProduct.aspx?nvpm=1%7c%7c%7c%7c%7c1801%7c%7c%7c4%7c1%7c1%7c2%7c1%7c1%7c2%7c1%7c1%7c1 28) FiBL Statistics, 2021. Key indicators on organic agriculture worldwide. https://statistics.fibl.org/world/key-indicators.html 29) MEPYD, 2021. National Multiannual Plan for the Public Sector 2021-2024. https://mepyd.gob.do/publicaciones/plan-nacional-plurianual-del-sector-publico-2021-2024/ 30) World Bank, 2022. GDP per capita growth (annual %) - Dominican Republic. https://data.worldbank.org/indicator/NY.GDP.PCAP.KD.ZG?locations=DO 31) SDG Commission, 2021. National Voluntary Report 2021. https://mepyd.gob.do/wp-content/uploads/drive/DGIP/Informe%20nacional%20voluntario/Informe%20Nacional%20Voluntario%202021-RD.pdf 32) ITC, 2023. Trade Map - Trade Statistics for International Business Development. https://www.trademap.org/Index.aspx 33) Ministerio de Agricultura. 2017. Plan Nacional de Desarrollo Sostenible del Cacao República Dominicana 2017 – 2027. https://info.undp.org/docs/pdc/Documents/DOM/Plan%20de%20Accion%20Nacional%20Desarrollo%20Sostenible%20de%20Cacao%20%20Marzo%202017.pdf 34) Ministry of Agriculture. Land Tenure and Agrarian Reform, containing the laws, codes and decrees of the decree. https://agricultura.gob.do/wp-content/uploads/2018/10/Leyes-Sobre-Tenencia-de-Tierras-y-Reforma-Agraria.pdf and https://agricultura.gob.do/wp-content/uploads/2018/10/Leyes-Sobre-Tenencia-de-Tierras-y-Reforma-Agraria.pdf 35) Law No. 16-95 on Foreign Investment. https://prodominicana.gob.do/wp/wp-content/themes/ceird/ceirdpdf/Ley-16-95-sobre-Inversion-Extranjera.pdf 36) Law No. 84-99 of August 6, 1999, on Re-activation and Promotion of Exports, and its Implementing Regulation No. 213-00. https://www.aduanas.gob.do/media/2186/84-99_reactivacion_y_fomento_de_las_exportaciones.pdf" 37) Decree No. 31696 https://faolex.fao.org/docs/pdf/cos177960.pdf