CHICAGO — Mondelez International shared that the Science Based Targets initiative (SBTi) has validated its near-term 2030 greenhouse gas reduction targets and its net-zero target by 2050.
“We are proud to have SBTi approve our 2030 targets and our 2050 net-zero target as it further strengthens our commitment to more sustainable snacking,” said Christine Montenegro McGrath, chief impact and sustainability officer. “We are on our way toward our net-zero ambition and helping make sustainability a reality.”
The company made significant progress toward its goals in 2023, including:
- Reducing end-to-end CO2e emissions by approximately 3.7%, on track for a 35% reduction end-to-end by 2030 (from a 2018 base year)
- In 2023, nearly 48% of the electricity used in Mondelez’ manufacturing sites was renewable, compared to about 40% in 2022
- In 2023, almost 96% of the company’s packaging was designed to be recyclable
- The company is on track for cocoa, palm, soy and paper materials to be deforestation-free by the end of 2024 in the European Union and by the end of 2025 globally
“Our ESG approach is designed to enable us to deliver lasting change at scale by prioritizing where we can have the greatest impact, focusing on innovative and measurable solutions, and collaborating to drive sector-wide transformation.”
— Dirk van de Put | chair and CEO | Mondelez International
These efforts support Mondelez’ Vision 2030 long-term growth strategy, which includes sustainability as a critical pillar.
“Our ESG approach is designed to enable us to deliver lasting change at scale by prioritizing where we can have the greatest impact, focusing on innovative and measurable solutions, and collaborating to drive sector-wide transformation,” said Dirk van de Put, chair and CEO of Mondelez. “We’ve taken an end-to-end approach in our aim to reach our net-zero emissions goal by focusing efforts across key areas and delivering against existing goals.”
Learn more about Mondelez’ science-based targets, visit ESG at MDLZ.
