Mondelez has committed to reach net zero emissions by 2050 across its entire value chain.
The company reports that it has signed on to the Science Based Targets Initiative’s (SBTi) Business Ambition for 1.5 degrees Celsius, alongside its commitment to join the United Nations Race to Net Zero campaign.
The brand added that it will be establishing near-term emission-reduction targets over the next two years in line with the SBTi.
It will also be introducing a raft of sustainability initiatives, including an introduction of 100 per cent recyclable packaging across its entire product range, a reduction of five per cent in virgin plastic use and a reduction in overall virgin rigid plastic by 25 per cent by 2025.
The business further confirmed that it will include sourcing 100 per cent of its coca through the Cocoa Life Programme by 2025 and sourcing 100 per cent of its wheat volume for EU biscuits through the Harmony Programme by 2022.
The producer is also set to invest in renewable energy across its operations, reduce food waste and invest in new transportation alternatives including electric and hydrogen trucks.
“For the last several years, we’ve worked with the Science Based Targets initiative to reduce our emissions footprint,” Mondelez chief executive Dirk Van de Put said.
“Our announcement today will help accelerate our existing efforts to create a more sustainable snacking company.”
Mondelez vice president Chris McGrath added: “While we’ve already made significant progress, the road to net zero will require further transformation of our business as well as global collaboration.
“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.”