Press release
Mondelēz International Advances Progress Toward 2050 Net Zero Emissions Goal
Submits Net Zero roadmap to Science Based Targets Initiative (SBTi)Confirms goal to seek no deforestation across primary commodities by 2025 Accelerates
About this update from Mondelez International, Inc.
[{"type":"text","content":"Submits Net Zero roadmap to Science Based Targets Initiative (SBTi)Confirms goal to seek no deforestation across primary commodities by 2025 Accelerates regenerative agriculture practices, advances renewable energy at manufacturing sites and reduces CO2e emissions through efficiencies and innovations CHICAGO, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Mondelēz International (Nasdaq: MDLZ) today announced a significant milestone toward its goal of net zero greenhouse gas emissions across its full value chain by 2050. After joining the Science Based Targets Initiative (SBTi)’s Net Zero Carbon Ambition two years ago, the Company has submitted a time-bound plan within SBTi’s timeframe, consistent with the 1.5°C protocol. Achieving this milestone includes providing documentation of the company's carbon accounting, aligning to new standards, continuing to transform its business operations and supply chains, and transparently reporting progress. Furthermore, Mondelēz International confirms a goal to seek no deforestation across the company’s primary commodities by 2025, in accordance with European Union Deforestation Regulation and SBTi guidance. Mondelēz has made targeted investments and progress in three key areas1: More Sustainable Ingredient Sourcing: Working to advance deforestation-free supply chains, reduce carbon emissions, accelerate regenerative agriculture practices and support biodiversity. Cocoa – The company continues to invest in regenerative farming practices by further scaling farm mapping, farmer training and tree distribution. As part of the Cocoa Life program, the company trained ~220,000 farmers in Good Agricultural Practices, distributed ~6.7 million trees and mapped ~246,000 farms across Cocoa Life communities (as of 2022). As a founding company of the Cocoa and Forests Initiative (CFI) in Ghana, the company has been an active industry member of the landscapes initiative in the Asunafo Region collaborating to implement climate-smart cocoa production practices as well as agroforestry models.Wheat – Mondelēz International implemented a strengthened charter of farming practices in Europe, deeply rooted in regenerative agriculture, as part of the company’s Harmony Ambition 2030. This includes working with partner farmers to diversify crop rotation and integrating decision tools to help optimize fertilizer use while piloting t...