Mondelēz International has revealed it is on track to achieve its 2020 sustainability targets and has already reduced CO2 emissions from manufacturing by 7%.
As part of the 2016 Impact for Growth Progress Report, the company has informed of its progress in reaching its environmental goals which were set out in 2013.
The owner of Cadbury and Oreo is focusing its efforts on four areas where it aims to have the greatest impact the planet: sustainability, wellbeing snacks, communities and safety.
So far the company has eliminated 46,300 metric tonnes of packaging, achieving two-thirds of its 2020 goal and has reduced water use by 18% at priority locations where water is most scarce.
It has also allocated more than $42 million to healthy lifestyle community partnerships across 14 countries.
Mondelēz CEO Irene Rosenfeld said: “Our future is rooted in helping people snack in a balanced way and enjoy life with products that are safely and sustainably sourced, produced and delivered.
“That’s why we focus our efforts on delivering positive change for people and the planet while driving business growth. I’m proud of our strong progress overall and particularly in wellbeing snacks where we were able to reach many of our targets ahead of schedule.”
The report outlines Mondelēz’s plans to evolve its wellbeing portfolio to address areas it considers important to consumers.
The company is focusing its efforts in three areas: growing existing wellbeing brands at twice the rate of the base portfolio; improving the nutrition and ingredient profile of its power brands; and delivering 15% of revenue from individually wrapped snack options that are under 200 calories.
Last month Mondelēz signed an agreement with governments in West Africa to minimise deforestation in its supply chain.
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