Mar 20, 2014

New pilot retirement fund for Colombian coffee farmers

Coffee farmers in the Caldas region in Colombia

Coffee farmers who are part of the Nespresso AAA Sustainable Quality Program in the Caldas region in Colombia will for the first time be able to enrol in a government-backed retirement fund following an agreement between Nespresso and the Colombian Ministry of Labour, the Aguadas Coffee Growers’ Cooperative, Cafexport/Expocafe and Fairtrade International.

The pilot initiative, supported by the Colombian Coffee Growers’ Federation (FNC), will leverage the national retirement scheme, Beneficios Económicos Periodicos (BEPS), developed by the Colombian Ministry of Labour to reach Colombian workers whose income does not allow them to contribute to a pension in their old age.

Nespresso will leverage its network of around 40 agronomists to extend the scheme to about 1,200 AAA farmers in Caldas.

“We are proud to be part of this initiative, which fits within our long-term approach to secure farmer welfare and provide social benefits to farmers,” said Jean-Marc Duvoisin, CEO of Nestlé Nespresso. “We also believe it will encourage younger generations to continue farming and preserve this essential part of the Colombian economy and heritage.”

Read the Nespresso press release.