The Cocoa & Forests Initiative (CFI) has released its annual report, revealing that 83% of its directly sourced cocoa from participating companies in Ghana and 82% in Ivory Coast are now traceable to the farm level. Despite challenges such as increased cocoa prices, erratic weather, pests, diseases, and illegal mining, the initiative has seen progress in raising traceability, forest conservation, and climate adaptation. In 2022, 58,774 hectares of reforestation and 114,213 hectares of cocoa plots were converted into agroforestry. The initiative is preparing for the 2025 European Union Deforestation-free Regulation (EUDR) and is fostering collaboration between public and private sectors. The report highlights the progress in Ivory Coast and Ghana, with Ivory Coast developing carbon policies and Ghana receiving payment from the World Bank’s Emission Reduction Programme.