Benzinga | Nov 1, 2021 12:56PM EDT

Mondelez Commits To 2050 Net Zero Emissions Target

* Mondelez International Inc (NASDAQ: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.