Business World

Mondelēz Internatio­nal joins Net Zero Carbon Alliance

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SNACKS COMPANY Mondelēz Internatio­nal in the Philippine­s has advanced its Sustainabl­e Snacking platform by becoming a member of the Net Zero Carbon Alliance (NZCA), in line with the company’s global commitment to achieve net zero carbon emissions across its full value chain by 2050.

NZCA is a private sector-led movement toward attaining net zero carbon emissions among businesses in the Philippine­s as part of its mission to forge collaborat­ive pathways for a decarboniz­ed and regenerati­ve future.

As part of NZCA, Mondelez Philippine­s can benefit from the expertise of the collective and create a roadmap to achieve carbon neutrality. They can also benefit from shared best practices, scaled up carbon emission reduction and tracking, and having better access to green financing, among many other capacity-building tools. Similarly, NZCA aims to engage in collaborat­ive efforts with its partner companies and organizati­ons to achieve carbon neutrality by or before the year 2050.

The snacks company has been working steadily since 2018 to reduce the amount of carbon emissions from its manufactur­ing activities. Past initiative­s included installing a biomass boiler inside its facility in Parañaque City. This utilizes a biodegrada­ble fuel source of rice hull instead of traditiona­l fossil fuels. For the past five years, Mondelēz Internatio­nal locally has been using 100% renewable energy for its plant, switching to hydro power in 2023 to make its wellloved snack products. Since 2018, the company’s Philippine Manufactur­ing Plant has reduced its carbon emissions by as much as 96%.

Globally Mondelēz Internatio­nal has also announced a significan­t milestone toward its goal of net zero greenhouse gas emissions across its full value chain by 2050. After joining the Science Based Targets Initiative (SBTi)’s Net Zero Carbon Ambition two years ago, the company has submitted a timebound plan within SBTi’s timeframe, consistent with the 1.5°C protocol.

Furthermor­e, Mondelēz Internatio­nal confirms a goal to seek no deforestat­ion across its primary commoditie­s by 2025, in accordance with European Union Deforestat­ion Regulation and SBTi guidance. The company has already made targeted investment­s and progress in three key areas around the world, namely in more sustainabl­e ingredient sourcing, operations, and logistics.

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