Mondelēz International Progress – GuruFocus.com

  • Confirms progress made in improving community livelihoods by expanding proprietary sourcing programs, reducing the use of virgin plastics in packaging and reducing climate impact in owned operations
  • Progress against Diversity, Equity, and Inclusion (DE&I) goals: Exceeding target for women in executive leadership by more than 2x and improving representation of Black people in the U.S. in leadership 60% year over year
  • Continues to help create long-term value for companies through continued investments in ESG and supply chain resilience

CHICAGO, May 12, 2022 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (MDLZ) today released its 2021 Snacking Made Right report, demonstrating progress against its ESG (environmental, social and governance) goals at short and long term. The report confirms the progress made in building a more sustainable snacking business, based on creating long-term value for the company and its stakeholders. Mondelēz International remains focused on leadership in areas where the Company can help have a more positive impact – including helping to build a thriving cocoa sector, reducing packaging waste and reducing its environmental footprint.

Mondelēz International’s ESG strategy and objectives prioritize driving sustainable change at scale through innovative and holistic approaches, collaboration for industry-wide transformation and adoption. measurable solutions. At the heart of the company’s purpose – to empower people to snack well by delivering the right snack, at the right time, in the right way – ESG remains a long-term value driver at Mondelēz International. The 2021 Snacking Made Right report demonstrates measurable progress against key areas, including more sustainable ingredient sourcing; improved packaging by making our packaging designed for recyclability and removing difficult materials; increased actions to help fight climate change; initiatives to advance DE&I; and supporting consumer and community well-being.

“A sustainability mindset has long been embedded in our business growth strategy as we continue to create value, make our business more resilient and accelerate our ambition to build a more sustainable snacking business,” said Dirk Van de Put, CEO of Mondelēz International. . “I am proud of the significant progress our business has made against our ambitious ESG goals, which are integral to the long-term success of our business and help us address some of the key issues facing the world as a whole. »

Progress made in 2021 against the company’s ESG objectives includes:

Sustainable ingredients

  • Reach 209,954 farmers enrolled in Cocoa Life (exceeding the 2022 goal of 200,000 cocoa farmers enrolled in the program)
  • 75% of cocoa volume for chocolate brands from Cocoa Life (+7 percentage points since 2020)
  • 91% of wheat volume needed for the production of cookies for the Europe business unit grown under the Harmony charter (+15 percentage points since 2020)
  • Volume of palm oil 100% RSPO certified (since 2014) with 99% traceable to the factory and 87% monitored forest

Climate & Environment

  • 21% reduction in scope 1 and 2 CO emissions2e emissions (2018 baseline)
  • 32% of total electricity used in operations owned from renewable energy (+9 percentage points since 2020)
  • 100% use of electricity from renewable sources in manufacturing plants in Brazil, Peru and the UK

Packaging

  • 95% of packaging designed to be recyclable (+1 point since 2020)
  • On track to use 5% recycled plastic content by 2025, with 0.5% use in 2021 (baseline 2020)
  • 72,100 metric tons of packaging materials eliminated (baseline 2013)

Employee and community well-being

  • 39% of women in executive leadership1; exceeding the target of doubling by 2024 (baseline 2018)
  • 5% black leadership representation (US)2; a 60% increase year over year
  • 61% Child Labor Monitoring and Remediation Systems (CLMRS) in Cocoa Life communities in West Africa (+33 percentage points since 2020)
  • Over $50 million in cash and in-kind donations made in 2021

Conscious snacking

  • 18% of packs feature Snack Mindfully serving icons (+4 percentage points since 2020)
  • 17% of snacks net revenue from portion-controlled snacks (+1 percentage point since 2020)

“This year’s report documents significant milestones marking 10 years of our sustainability journey, during which we achieved scale in our flagship ingredient sourcing programs Cocoa Life and Harmony Wheat. With Cocoa Life, we have established the largest cocoa sustainability program and have achieved the goal we set for ourselves in 2012, investing over US$400 million in the program to support the livelihoods of farmers, reaching nearly 210,000 cocoa farmers and, more importantly, seeing positive impact at scale,” said Christine Montenegro McGrath, Senior Vice President and Head of Global Impact and Sustainability at Mondelēz International. “The issues we are tackling are systemic and require supply chain and business transformation. That’s why our integrated approach is not only designed to address the root causes, but also integrated into our business growth strategy. We are committed to measuring our impact and investing in scalable solutions and innovation so that we can drive lasting change.

Beyond progress against 2025 targets, the company has continued to demonstrate an ongoing commitment to advancing its ESG agenda with more ambitious targets, investments and funding to tackle issues such as climate change. and packaging waste, including:

  • Set a long-term goal of net zero greenhouse gas emissions by 2050
  • Invest in Circulate Capital Ocean Fund to support the collection of more plastic waste than society currently produces in India and Southeast Asia
  • Issuance of the company’s first green bond in September 2021 – at the time the largest issuance in the packaged food and consumer goods industry

________________________
1 Executive leadership defined as the Mondelēz management team plus a
2 Management defined as all roles grouped

About Mondelez International
Mondelēz International, Inc. (MDLZ) enables people to snack in more than 150 countries around the world. With net revenues of approximately $29 billion in 2021, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, belVita and READ biscuits; Cadbury dairy products Milk, Milka and Toblerone Chocolate; Acid Patch Kids sweets and Trident gum. 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.

About Cocoa Life
Cocoa Life is the global cocoa sustainability program of Mondelēz International. Cocoa is the essence of our chocolate and is vital to our business. Our goal is therefore to “make cocoa correct”. Getting it right means tackling the complex challenges faced by cocoa farmers and their communities, including climate change, gender inequality, poverty and child labour. Cocoa Life is addressing these challenges holistically in six cocoa producing countries: Ghana, Ivory Coast, Indonesia, Dominican Republic, India and Brazil. We work with NGOs, governments, implementing partners, farmers and others, to help develop systemic solutions, transform cocoa farming into more sustainable businesses, empower communities and conserve and restore forests . To learn more, visit: www.cocoalife.org.

Forward-looking statements
This press release contains forward-looking statements. Words and variations of words, such as “will”, “may”, “expect” and similar expressions are intended to identify such forward-looking statements, including, but not limited to, statements regarding: the Company’s growth strategy and ambition to create a more sustainable snacking business; the Company’s ESG strategies, objectives, targets and initiatives; and the creation of long-term value. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Mondelēz International’s control, which could cause Mondelēz International’s actual results to differ materially from those indicated in such forward-looking statements. Please also review Mondelēz International’s risk factors, as they may be amended from time to time, set forth in its filings with the United States Securities and Exchange Commission (SEC), including its most recent annual report on Form 10-K and its quarterly report on Form 10-Q. There may be other factors not currently known to the Company or that the Company currently believes to be immaterial that could cause its actual results to differ materially from those projected in the Company’s forward-looking statements. Mondelēz International disclaims any responsibility and assumes no obligation to update or revise any forward-looking statements contained in this press release, except as required by applicable law or regulation. In addition, historical, current and forward-looking statements related to sustainability may be based on standards for measuring progress that are still under development, internal controls and processes that continue to evolve, and assumptions that may change in the future. . The information included herein and any issues identified as material for purposes hereof may not be considered material for reporting purposes to the SEC. In the context of this disclosure, the term “material” is distinct from, and should not be confused with, the term as defined for SEC reporting purposes.

Mondelez-International-Inc-.png