GlobalData offers a comprehensive analysis of Mondelez, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Mondelez’s ESG performance. GlobalData’s company profile on Mondelez offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Mondelez, a global snack food company, has been actively pursuing a trajectory to diminish its carbon emissions, and in 2021, it marked a significant advancement. This milestone signifies a commitment towards net zero greenhouse gas emissions target throughout its entire value chain by the year 2050. In pursuit of their goal, the company has pledged support for the Science Based Targets initiative’s (SBTi’s) Business Ambition for 1.5°C. This commitment ensures that their long-term emissions mitigation targets are aligned with the objective of limiting temperature rise, as stipulated by the Paris Agreement.
In 2022, the company reported its greenhouse gas (GHG) emissions, with 880,000 metric tonnes of CO₂e for Scope 1 (direct) emissions (market-based), 545,000 metric tonnes of CO₂e for Scope 2 (energy indirect) emissions (market-based), and a significant 28,500,000 metric tonnes of CO₂e for Scope 3 (other indirect) GHG emissions. The total emissions for the year amounted to 29,925,000 metric tonnes of CO₂e.
Mondelez has taken steps to reduce its emissions and achieve its net-zero targets. These steps include launching pilot programs in the UK and Thailand to provide consumers with online information on sustainability initiatives and waste management. Mondelez has also made investments in infrastructure for the collection, sorting, and recycling of plastic waste. In relation to water usage, Mondelez endeavors to minimize its water consumption and actively supports initiatives across the value chain for water conservation. In 2022, the company achieved a notable reduction of around 14% in absolute water usage at priority sites compared to the 2018 baseline. Looking forward, the company aims to achieve a 10% reduction in end-to-end CO2e emissions, a 10% decrease in absolute water usage at priority sites, and a 15% reduction in food waste at internal manufacturing sites by 2025, measured against a 2018 baseline.
In terms of sustainable sourcing, the company is working with suppliers to source palm oil that is free from deforestation and exploitation. Mondelez is also collaborating with dairy farmers to reduce carbon emissions from milk production. The company is investing in projects such as renewable energy, livestock management, and tree-planting to achieve these goals.
Overall, Mondelez is committed to reducing its carbon emissions and achieving net-zero targets. The company is taking various actions, including consumer education, waste management programs, sustainable sourcing, and collaborations with suppliers and farmers. By implementing these initiatives, Mondelez aims to mitigate climate change, protect the environment, and promote sustainable snacking practices.