Press release
Mondelēz International Commits to 2050 Net Zero Emissions Target
Commits to a net zero emissions target across Scopes 1, 2 and 3Will establish near-term emissions-reduction targets in the next two years, in line with the
About this update from Mondelez International, Inc.
[{"type":"text","content":"Commits to a net zero emissions target across Scopes 1, 2 and 3Will establish near-term emissions-reduction targets in the next two years, in line with the Science Based Targets Initiative (SBTi) “Business Ambition for 1.5°C Pledge”Marks bold step forward in ambition to build a more sustainable snacking company CHICAGO, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today announced it is committing to a 2050 target of net zero greenhouse gas emissions across its full value chain. As part of its commitment, Mondelēz International has signed the Science Based Targets Initiative’s Business Ambition for 1.5°C, aligning its long-term emissions mitigation targets with the ambitious aim of limiting temperature rise in accordance with the Paris Agreement. Mondelēz International has also joined the United Nations Race to Zero Campaign to help build momentum towards a decarbonized economy. These commitments mark a bold step forward in Mondelēz International’s differentiated approach to sustainability that is helping drive lasting progress at scale and create long-term value for the business and its stakeholders. “For the last several years, we’ve worked with the Science Based Targets initiative to reduce our emissions footprint and our announcement today will help accelerate our existing efforts to create a more sustainable snacking company,” said Dirk Van de Put, Chairman and Chief Executive Officer. “We’re transforming how we do business across our operations and with the suppliers and farmers we work with – from seeking to improve cocoa farming practices in West Africa to promoting regenerative agriculture in wheat fields in the Midwest United States.” This new commitment builds on the company’s existing science-based targets set in 20201 developed to contribute to combatting climate change. Over the next two years, the company will lay out a time-bound plan including interim targets for its key emissions sources consistent with the 1.5°C protocol and will provide annual progress reviews for transparency as laid out by the Science Based Target initiative. End-to-End Approach to Net Zero TargetMondelēz International’s approach to ESG is designed with the goal of enabling the company to deliver lasting change at scale by prioritizing where it can have the greatest impact, focusing on innovative and measurab...