Mondelēz International Announces Multi-Year Commitment to Advance Racial Equity through U.S. and Global Diversity & Inclusi...
September 08 2020 - 8:05AM
Mondelēz International, Inc. (NASDAQ:MDLZ) announced today a
multi-year commitment focused on elevating its existing diversity
and inclusion initiatives to make meaningful impacts in the area of
racial equity economic empowerment around the world. The plan is
designed to accelerate the company’s existing D&I efforts
following extensive consultations between company leaders,
colleagues and experts through listening forums and educational
sessions focused on diversity, inclusion and belonging.
“Mondelēz International is committed to building a more diverse,
inclusive and equitable world, both socially and economically,”
said Dirk Van de Put, Chairman and CEO of Mondelēz International.
“As a global company, we know that diversity in all its forms is a
driver of innovation and growth and we must reflect the diversity
of our consumers to deliver stronger business performance as we
lead the future of snacking.”
Over the next three years, the company will address local and
global opportunities to advance racial equity and economic
empowerment by expanding its D&I initiative across three key
areas: Colleagues, Culture and Communities.
ColleaguesTo ensure the diversity of its
colleagues at all levels represent the communities, customers and
consumers Mondelēz International serves, the company has committed
to double Black representation in U.S. management by 2024. To
enable this goal, it has implemented a series of actions across its
business, including increasing the presence of underrepresented
candidates on interview slates, doubling investment in early career
programs, including with Historically Black Colleges and
Universities, and establishing new mentoring and leadership
development programs for people of color.
These initiatives will complement the company’s efforts to
continue to maintain appropriate pay equity for Black colleagues.
In addition, the company will increase the strategic impact of
diversity and inclusion within the organization by appointing a
Global D&I Officer who will be accountable to the CHRO, CEO and
Board of Directors for advancing this important agenda.
Culture
To further strengthen the company’s culture and continue to
cultivate an inclusive, bias-free and equitable workplace that
enables all colleagues to be themselves and achieve their full
potential, Mondelēz International will invest in building cultural
competences for all employees and will include D&I performance
metrics in business unit and functional goals. The company also
plans to mobilize its consumer-facing brands and leverage its
partnerships with agencies and advertising platforms to drive
change, equity and inclusion. To foster reflection and service in
its U.S. Business Unit, the company will honor Martin Luther King
Jr. Day as a paid U.S. Holiday and recognize Juneteenth with a U.S.
day of service.
Communities
Furthermore, to drive economic inclusion for underrepresented
communities, the company will commit to spend $1 billion with
minority and women-owned businesses globally by 2024. Across every
business unit, the company will foster partnerships to support
underrepresented communities. In the U.S. this will include a new
multi-year signature partnership with Boys & Girls Clubs of
America to help close the opportunity gap for youth. Mondelēz
International will also establish a signature multi-year college
scholarship program for underrepresented youth in the U.S.
“In a world that can seem more divided than ever, our business
and our brands have the power to bring people together and take a
stand on this important issue,” said Glen Walter, EVP &
President, North America. “We are confident that we can make a true
and meaningful impact over the short and long term, and we will
continue to evolve and refine our plans to ensure we are driving,
positive, lasting and much-needed change on the issues of racial
equity and inclusion.”
Today’s announcement builds on the company’s ongoing D&I
efforts, including successfully closing its senior-level gap of
women in leadership and building the right inclusive leadership
behaviors to create a winning growth culture that values
differences. The company will report its annual progress against
these goals in their Snacking Made Right Report, alongside other
Purpose-focused activities and KPIs.
About Mondelēz InternationalMondelēz
International, Inc. (NASDAQ: MDLZ) empowers people to snack right
in over 150 countries around the world. With 2019 net revenues of
approximately $26 billion, MDLZ is leading the future of snacking
with iconic global and local brands such as OREO, belVita and LU
biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour
Patch Kids candy and Trident gum. Mondelēz International is a proud
member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones
Sustainability Index. Visit www.mondelezinternational.com or follow
the company on Twitter at www.twitter.com/MDLZ.
Contact: |
Tom Armitage
(Media) |
|
+1 847 943
5678 |
|
news@mdlz.com |
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3260bea-4d56-4399-bb50-c72c6028dcfe.
Mondelez (NASDAQ:MDLZ)
Historical Stock Chart
From Aug 2024 to Sep 2024
Mondelez (NASDAQ:MDLZ)
Historical Stock Chart
From Sep 2023 to Sep 2024