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Mondelēz International Advances Progress Toward 2050 Net Zero Emissions Goal

December 13, 2023 4:05 PM

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:

"We are actioning business transformation and making strong progress, but the road to Net Zero requires global collaboration across industries, sectors and landscapes to unlock innovative and collaborative solutions allowing us all to go further, faster," said Christine Montenegro McGrath, Senior Vice President and Chief Global Impact and Sustainability Officer at Mondelēz International. "We 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."

In addition to these accomplishments, Mondelēz International continues to explore collaborative financing and innovation incubation through platforms like Sustainable Futures, the Company’s impact investment platform, while advancing research and development in climate-smart technology and practices to implement at the sourcing level, across supply chain and in owned operations and through to brand, packaging and consumption.

About Mondelēz International

Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2022 net revenues of approximately $31 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. 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.

Contacts:Maggie McKerr
[email protected]

1 Additional detail about our ESG goals and progress against our goals can be found in our recently published 2022 Snacking Made Right report under “Our ESG Progress” and “About Our ESG Goals” on pages 10-11 and 78.


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