Mondelez Sustainable Sourcing to Reach Net Zero
Mondelez International are pursuing a strategy of reaching net zero greenhouse gas emissions across its full value chain by 2050. A key part of the programme is leveraging their procurement operation to increase the quantity of sustainable ingredient sourcing across their product range.
After becoming a member of the Science Based Targets Initiative (SBTi)’s Net Zero Carbon Ambition, the company has established a time-bound plan within SBTi’s timeframe, consistent with the published 1.5°C protocol.
"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."
Mondelez improvements in sustainable sourcing
Cocoa
The company has invested in regenerative farming, and practices like farm mapping, tree distribution and farmer training. The Cocoa Life programme has also trained 220,000 farmers in Good Agricultural Practices, distributed 6.7 million trees and mapped 246,000 farms across Cocoa Life communities.
Dairy
Mondelez International in Europe has worked with their dairy supplier-base on greenhouse gas reduction programmes, achieving reductions of ~6-10% CO2e vs. their baselines.
Wheat
A stronger charter for farming practice has been implemented across Europe, with a foundation based in regenerative agriculture as part of its Harmony Ambition 2030 programme. Work included a smartphone application encouraging good farming practices, and a training programme.
Mondelez financing and innovation
As well as these areas of progress, Mondelez International’s strategy includes exploring collaborative financing and innovation incubation through platforms such as Sustainable Futures, its impact investment initiative. The organisation is actively advancing research and development in climate-smart technology and practices, with a particular emphasis on implementation from sourcing through the supply chain, in owned operations, and extending to brand, packaging, and consumption.
Make sure you check out the latest edition of Procurement Magazine and also sign up to our global conference series - Procurement & Supply Chain LIVE 2024
**************
Procurement Magazine is a BizClik brand
