Mondel?z commits to 2050 net zero emissions target

Mondel?z International, Inc. has announced it is committing to a 2050 target of net zero greenhouse gas emissions across its full value chain.

As part of its commitment, Mondel?z 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.

Mondel?z 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 Mondel?z 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.

Dirk Van de Put, chariman and chief executive officer said: “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.

“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 2020 developed to contribute to combatting climate change.

Mondel?z 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 measurable solutions, and collaborating to drive sector-wide transformation.

The company will take an end-to-end approach in its aim to reach its net zero emissions target by focusing efforts across key areas and delivering against its existing goals and targets:

• Source 100 per cent cocoa volume for chocolate brands through Cocoa Life Program by 2025
• Source 100 per cent wheat volume for EU biscuits through the Harmony Program by 2022
• Design 100 per cent of packaging to be recycle ready by 2025
• Reduce overall virgin plastic use by 5 per cent and reduce overall virgin rigid plastic by 25 per cent by 2025
• Continue to convert global manufacturing electricity footprint to renewable energy

• Reduce food waste by 15 per cent in manufacturing and 50 per cent in distribution by 2025
• Work toward achieving energy efficiency for biscuit ovens and steam boilers
• Start replacing thermal fuels (e.g., natural gas, diesel, gasoline) with “green ” alternatives
• Invest in new mobility concepts including electric and hydrogen trucks
• Reduce warehouse emissions at both owned and third-party facilities by converting to renewable energy sources
• Improve efficiency of distribution networks by optimizing routes, improving truck & container utilization, increasing intermodal solutions and reducing travelled distances

Chris McGrath, vice president and chief of global impact & sustainability said: “While we 've already made significant progress, the road to net zero will require further transformation of our business as well as global collaboration across industries, sectors and landscapes.

“We will remain focused on leveraging proven models and available solutions, while at the same time using our scale and influence to help drive technical advancement, public-private collaboration and investment to incubate innovation. ”

For further information on Mondel?z International 's sustainability strategy, goals and progress, please see the company 's 2020 Snacking Made Right Report.