Mondelez Commits To 2050 Net Zero Emissions Target

Mondelez International Inc MDLZ has committed to a 2050 target of net-zero greenhouse gas emissions across its full value chain.
As part of its commitment, the company has signed the Science-Based Targets Initiative's Business Ambition for 1.5 °C, as per the Paris Agreement.
Mondelez International has also joined the United Nations Race to Zero Campaign for a decarbonized economy.
"We're transforming how we do business across our operations and with the suppliers and farmers we work with – from seeking to improve cocoa farming practices in West Africa to promoting regenerative agriculture in wheat fields in the Midwest United States," said CEO Dirk Van de Put.
Over the next two years, the company will lay out a time-bound plan, including interim targets for its key emissions sources.
Price Action: MDLZ shares are trading higher by 0.48% at $61.03 on the last check Monday.