Mondelz International, Inc. (Nasdaq: MDLZ) has announced the opening of applications for the second year of its CoLab Tech program. Led by Mondelz’s global Research and Development (R&D) team, this accelerator program aims to collaborate with early-stage companies that have developed innovative technologies in nutrition, ingredients, packaging, and sustainability. The company’s commitment to sustainability is further strengthened by its milestone achievement towards the goal of net zero greenhouse gas emissions across its entire value chain by 2050, as part of the Science Based Targets Initiative (SBTi)’s Net Zero Carbon Ambition. Additionally, Mondelz International aims to achieve no deforestation across its primary commodities by 2025, aligning with European Union Deforestation Regulation and SBTi guidance.
CoLab Tech Program:Mondelz International’s CoLab Tech program, now in its second year, offers a unique opportunity for early-stage companies to collaborate with the global R&D team. The program seeks innovative solutions in the areas of nutrition, ingredients, packaging, and sustainability, which align with Mondelz’s commitment to driving positive change in the food industry. By providing expertise, resources, and mentorship, the CoLab Tech program aims to accelerate the development and implementation of these technologies, fostering sustainable growth and innovation.
Sustainability Milestone:Mondelz International’s recent achievement towards the goal of net zero greenhouse gas emissions by 2050 demonstrates its commitment to sustainability. As a member of the SBTi’s Net Zero Carbon Ambition, the company has submitted a time-bound plan consistent with the 1.5C protocol. This milestone includes efforts to accurately measure and report carbon emissions, align with new standards, transform operations and supply chains, and provide transparent progress updates. By setting ambitious targets and actively working towards them, Mondelz International aims to lead the way in reducing carbon footprints and mitigating climate change.
No Deforestation Commitment:In line with European Union Deforestation Regulation and SBTi guidance, Mondelz International has also committed to achieving no deforestation across its primary commodities by 2025. Deforestation remains a significant environmental challenge, contributing to climate change and habitat loss. By actively seeking to eliminate deforestation from its supply chains, Mondelz International aims to promote sustainable practices and protect valuable ecosystems around the world.
Conclusion:Mondelz International’s CoLab Tech program and recent sustainability milestones exemplify the company’s commitment to driving innovation and sustainability in the food industry. Through the program, early-stage companies have the opportunity to collaborate with a global R&D team and accelerate the development of innovative technologies in nutrition, ingredients, packaging, and sustainability. Furthermore, the company’s commitment to achieving net zero greenhouse gas emissions and no deforestation demonstrates its determination to create a more sustainable future. By actively pursuing these goals, Mondelz International sets a positive example for the industry and contributes to the global fight against climate change and deforestation.
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