Chocolate is a multibillion dollar industry with nearly 50 million people along cocoa’s global value chain dependent on the crop for their livelihood. Recently, however, low productivity, urbanization, climate change, growing consumer demand for increased transparency and other social, economic and environmental factors have put pressures on the sustainability of the cocoa value chain. In light of these pressures, chocolate manufacturers have begun exploring alternative sourcing strategies. Mondelēz International has committed $400 million over 10 years to improve the livelihoods of more than 200,000 cocoa farmers globally. Based on global value chain analyses on five key cocoa regions, peer benchmarking, and interviews with industry experts and internal Mondelēz stakeholders, this report identifies key intervention points, insights and best practices to inform Mondelez’ sustainable sourcing strategies.