Mondelez

Mondelez's scenario analysis covers scope 1, 2 and 3 emissions, including from key agricultural commodities such as its dairy supply chains. Although the company has included shifting consumer preferences away from commodities with high climate impact as an operational risk, it made no explicit mention of protein diversification in its scenario analysis.

Mondelez discloses that dairy accounts for 16% of its overall GHG emissions. Since the company is primarily exposed to dairy, it receives a full score in this category.

This year, Mondelez received validation from the SBTi for its Scope 3 emissions reduction targets which are aligned to a 1.5C scenario including FLAG emissions. The company will reduce absolute FLAG Scope 3 emissions by 36.4% by 2030 and by 72% by 2050 (2018 base year). The company has also committed to no deforestation across its primary deforestation-linked commodities by 31st December 2025.

No evidence of quantification of the carbon mitigation potential and/or financial opportunity of protein diversification within Mondelez's climate disclosure.

No evidence Mondelez has a protein diversification target.

No target for protein diversification within the company.

No evidence of a target for protein diversification within the food business or on a brand level.

No company target for protein diversification or alignment with climate/health guidelines for dietary transition.

No disclosure of protein diversification within the product portfolio of this company.

No tracking or reporting of progress as there is no company target on protein diversification.

Mondelez has not integrated protein diversification within its climate strategy and has not disclosed evidence that the board is supportive of setting a protein diversification strategy.

At least one board member (Ertharin Cousin) has technical expertise on climate risk/sustainability, having represented U.S. interests in global leader discussions regarding humanitarian and development activities, including engagement at UN COPs. Several board members also report into the Governance, Membership and Sustainability Committee, where there is technical advice and oversight of the ESG framework/performance.

At least one board member (Ertharin Cousin) has extensive technical experience in nutrition, having led the world’s largest humanitarian organisation, the United Nations World Food Program, and served as the U.S. Representative for all food, agriculture and nutrition-related issues.

Mondelez discloses its topic focus areas for direct lobbying in the US market, including agriculture and commodity issues and nutrition policy. They do not fully disclose which specific laws/policies and government departments they engage with as part of formal policy development, nor do they disclose lobbying actions in all markets, including the key European market.

Company discloses a partial list of lobbying actions and the board have oversight of all lobbying activities, but it is not clear what position the company takes in its direct lobbying actions and how alignment with positive climate or nutrition outcomes are assessed.

Mondelez discloses a sample list of the associations and industry groups they support, but it is unclear whether this is a comprehensive list that covers all its markets.

Mondelez has disclosed that it has conducted an assessment on the alignment of the nine trade associations it holds membership with against positive climate outcomes, however, four trade associations have been omitted from this assessment. Mondelez has not conducted an assessment of the alignment of its trade associations with positive nutrition outcomes.

Mondelez has not made a commitment to the Just Transition principles.

Mondelez is educating its workers on the challenges of climate change, however, it is unclear to what extent this support covers the company's workers affected by its decarbonisation efforts.

Mondelez is working with its dairy suppliers to transition to more sustainable production practices by providing grants and supporting the implementation of programs targeted at feed sources, fertilisers, slurry usage, herd health, and yield from forage. However, it is unclear what scale and geographies the company is focusing on with this support.

No evidence of a Just Transition strategy

There is no evidence for this KPI.

There is no evidence for this KPI.

No annual reporting on Just Transition as no explicit commitments, strategy or KPIs.

Mondelez is allocating resources to R&D funding for start-ups working on fermentation technologies for alternative protein sources in Mondelez's two largest markets (Europe and North America). It is unclear from the company's disclosure whether it has invested in other types of resource allocation within the past year.

There is no evidence for this KPI.

It is unclear from the company's disclosure how it is allocating resources to improve nutrition and sustainability attributes of its plant-based portfolio.

Mondelez has provided examples of reformulation of plant-based products to improve nutrition, such as under its brand Oreo, where the sodium content was reduced by 5% in Morocco and 30% in Saudi Arabia/UAE.

There is no evidence for this KPI.

Mondelez has developed its 'Mindful Snacking' campaign which pushes consumers to choose the right snack at the right time, however, Mondelez has not leveraged this messaging to push consumers to transition their protein consumption.

No commitment has been made to marketing and merchandising of alternative protein sources within the company's product portfolio.

Mondelez highlights the nutritional attributes of its plant-based products through brands Belvita and Cliff. It is unclear whether these marketing efforts are across the company's largest markets.

From the disclosure provided it is unclear how the company is marketing their plant-based products to promote the sustainability attributes.

Consumer research from Mondelez’s 2023 State of Snacking report found that the global appetite for plant-based snacks is on the rise this year, as many try to eat less meat (57%) and dairy (46%). 54% reported they are making an effort to add more plant-based snacks to their diet, with younger consumers most interested in trying a plant-based version of their favourite snack (71% of Millennials, 60% of Gen Z). Consumers of all ages believe in the idea that “plant-based snacks are better for the future of our planet” (66%). However, this research has not investigated further into how to increase consumer interest in these foods.

Mondelez's consumer research suggests that the majority of consumers would prefer to eat smaller portions of more indulgent snacks, as opposed to larger portions of healthier snacks. This has led the company to market more products with smaller portion sizes and invest in R&D for future reformulation of products for nutrition. It is unclear whether these efforts cover alternative protein sources.