Mondelēz International Progresses Against “Snacking Made Right” ESG Goals
May 12 2022 - 4:05PM
Mondelēz International, Inc. (Nasdaq: MDLZ) today published its
2021 Snacking Made Right Report, demonstrating progress against its
short- and long-term ESG (Environmental, Social and Governance)
goals. The report confirms progress in building a more sustainable
snacking company, grounded in creating long-term value for both the
business and its stakeholders. Mondelēz International remains
focused on leading in areas where the Company can help deliver more
positive impact – including helping to build a thriving cocoa
sector, reducing packaging waste and reducing its environmental
footprint.
Mondelēz International’s ESG strategy and goals prioritize
delivering lasting change at scale through innovative and holistic
approaches, collaboration for sector-wide transformation and
adoption of measurable solutions. Core to the Company’s purpose –
empowering people to snack right by delivering the right snack, at
the right moment, made the right way – ESG remains a long-term
value driver at Mondelēz International. The 2021 Snacking Made
Right Report demonstrates measurable progress against key areas of
focus including more sustainable ingredient sourcing; improved
packaging by making our packaging designed for recyclability and
removing challenging materials; increased actions to help address
climate change; initiatives to advance DE&I; and support for
consumer and community well-being.
“A sustainability mindset has long been integrated into our
business growth strategy as we continue to create value, make our
business more resilient and accelerate our ambition of building a
more sustainable snacking company,” said Dirk Van de Put, Chairman
and CEO of Mondelēz International. “I am proud of the strong
progress our company has made against our ambitious ESG goals,
which are integral to the long-term success of our business and
help us address some of the key issues facing the world at
large.”
2021 progress against the company’s ESG goals include:
Sustainable Ingredients
- Reaching 209,954 Cocoa Life
registered farmers (exceeding the 2022 goal of 200,000
program-registered cocoa farmers)
- 75% of cocoa volume for chocolate
brands sourced through Cocoa Life (+7 percentage points since
2020)
- 91% wheat volume needed for Europe
business unit biscuits production grown under Harmony charter (+15
percentage points since 2020)
- 100% palm oil volume RSPO certified
(since 2014) with 99% traceable to mill and 87% forest
monitored
Climate & Environment
- 21% reduction in Scope 1 and 2 CO2e emissions (baseline
2018)
- 32% total electricity used in owned operations from renewable
energy (+9 percentage points since 2020)
- 100% use of electricity from renewable sources in Brazil, Peru
and UK manufacturing facilities
Packaging
- 95% packaging designed to be
recyclable (+1 percentage point since 2020)
- On track to use 5% recycled plastic
content by 2025 with 0.5% used in 2021 (baseline 2020)
- 72,100 metric tonnes of packaging
materials eliminated (baseline 2013)
Employee & Community Well-being
- 39% Women in executive leadership1; exceeding goal to double by
2024 (baseline 2018)
- 5% Black Management representation (U.S.)2; a 60 percent
increase year-over-year
- 61% Child Labor Monitoring and Remediation Systems (CLMRS) in
Cocoa Life communities in West Africa (+33 percentage points since
2020)
- Over $50 million in cash and in-kind donations made in
2021
Snacking Mindfully
- 18% of packs feature Snack Mindfully portion icons (+4
percentage points since 2020)
- 17% snacks net revenue from portion control snacks (+1
percentage point since 2020)
“This year’s report documents important milestones marking 10
years on our sustainability journey, in which we’ve achieved scale
in our signature ingredient sourcing programs Cocoa Life and
Harmony Wheat. With Cocoa Life, we have built the largest cocoa
sustainability program and have achieved the goal we set in 2012,
investing more than $400 million USD in the program to support
farmer livelihoods, reaching almost 210,000 cocoa farmers and, more
importantly, seeing positive impact at scale,” said Christine
Montenegro McGrath, Senior Vice President and Chief Global Impact
and Sustainability Officer at Mondelēz International. “The issues
we are tackling are systemic, requiring supply chain and business
transformation. That’s why our integrated approach is not only
designed to tackle root causes, but also embedded into our business
growth strategy. We are committed to measuring our impact and
investing in scalable solutions and innovation so we can drive
lasting change.”
Beyond progress against 2025 goals, the Company continued to
demonstrate an ongoing commitment to advancing its ESG agenda with
more ambitious goals, investments and financing to tackle issues
like climate change and packaging waste, including:
- Setting a long-term goal of net zero greenhouse gas emissions
by 2050
- Investing in Circulate Capital Ocean Fund to support the
collection of more plastic waste than the Company currently
produces in India and South East Asia
- Issuing the Company’s first green bond in September 2021 – at
the time the largest issuance in the packaged foods and consumer
goods industry
________________________1 Executive leadership defined as
Mondelēz Leadership Team plus one2 Management defined as all banded
roles
About Mondelēz InternationalMondelēz
International, Inc. (Nasdaq: MDLZ) empowers people to snack right
in over 150 countries around the world. With 2021 net revenues of
approximately $29 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.
About Cocoa Life Cocoa Life is Mondelēz
International’s global cocoa sustainability program. Cocoa is the
essence of our chocolate and vital to our business, so our goal is
‘making cocoa right.’ Making it right means tackling the complex
challenges that cocoa farmers and their communities face, including
climate change, gender inequality, poverty and child labor. Cocoa
Life is addressing these challenges holistically across six
cocoa-growing countries: Ghana, Côte d'Ivoire, Indonesia, Dominican
Republic, India and Brazil. We work with NGOs, governments,
implementing partners, farmers and others, to help develop systemic
solutions, turning cocoa farming into more sustainable businesses,
empower communities and conserve and restore the forests. To find
out more visit: www.cocoalife.org.
Forward-Looking StatementsThis press release
contains forward-looking statements. Words, and variations of
words, such as “will,” “may,” “expect” and similar expressions are
intended to identify these forward-looking statements, including,
but not limited to, statements about: the Company’s growth strategy
and ambition of building a more sustainable snacking company; the
Company’s ESG strategies, goals, targets and initiatives; and
long-term value creation. These forward-looking statements are
subject to a number of risks and uncertainties, many of which are
beyond Mondelēz International’s control, which could cause Mondelēz
International’s actual results to differ materially from those
indicated in these forward-looking statements. Please also see
Mondelēz International’s risk factors, as they may be amended from
time to time, set forth in its filings with the U.S. Securities and
Exchange Commission (SEC), including its most recently filed Annual
Report on Form 10-K and Quarterly Report on Form 10-Q. There may be
other factors not presently known to the Company or which the
Company currently considers to be immaterial that could cause its
actual results to differ materially from those projected in any
forward-looking statements the Company makes. Mondelēz
International disclaims and does not undertake any obligation to
update or revise any forward-looking statement in this press
release, except as required by applicable law or regulation. In
addition, historical, current and forward-looking
sustainability-related statements may be based on standards for
measuring progress that are still developing, internal controls and
processes that continue to evolve, and assumptions that are subject
to change in the future. The information included in, and any
issues identified as material for purposes of, this document may
not be considered material for SEC reporting purposes. In the
context of this disclosure, the term “material” is distinct from,
and should not be confused with, such term as defined for SEC
reporting purposes.
Contact: |
Maggie McKerr |
|
+1 847 209 7701 |
|
news@mdlz.com |
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