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OFFON

MONDELEZ INTERNATIONAL, INC.

(MDLZ)
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Mondelez International - ADVANCING GLOBAL EFFORTS IN PLASTIC WASTE COLLECTION AND RECYCLING; Investment in Circulate Capital's Ocean Fund a significant step toward helping achieve a circular economy

11/12/2021 | 07:56am EST

Mondelez International - ADVANCING GLOBAL EFFORTS IN PLASTIC WASTE COLLECTION AND RECYCLING.

We are proud to advance our commitment to helping create a circular economy for plastic by joining Circulate Capital Ocean Fund (CCOF) as a limited partner and making an investment in CCOF supporting scalable business solutions to help develop infrastructure for the collecting, sorting and recycling of plastic waste, including flexible films.

The goal of this investment, which is part of Mondelez International's Sustainable Futures impact investing platform, is to enhance focus on the physical collection of flexible films - lightweight, multi-layer plastics used by the snacking industry - that have traditionally been more difficult to collect, sort, recycle and ultimately reuse.

To learn more about this investment, our plastics strategy and how we're taking action, click around in the interactive infographic below:

Progress, Programs & Partnerships

We have already made significant progress toward our packaging recyclability targets. We've removed 65,000 tons of packaging from our portfolio since 2013 and remain on track to achieve our 2025 goals to reduce virgin plastic use in rigid plastic packaging by 25% or reduce virgin plastic in overall plastic packaging portfolio by 5%, assuming constant portfolio mix compared to 2020, increase use of recycled content to 5% by weight across plastic packaging and design 100% of our packaging to be recycle ready. To date, ~94% of all of our packaging is designed to be recycle ready.

We already support initiatives promoting a circular economy for plastics with programs underway across multiple markets including India, Philippines, Indonesia, United Kingdom and Australia, demonstrating a strategic focus on less, better and improved plastic packaging and systems.

We're also an active participant in the Consumer Goods Forum Plastic Coalition of Action, the Business Call for a Global UN Treaty on Plastics Pollution, the U.S. Plastics Pact, the Ellen MacArthur Foundation's New Plastics Economy Global Commitment, the New Plastics Economy Initiative, the European CFLEX Initiative, the UK Plastics Pact and the UK Flexible Plastic Fund (formerly known as EPPIC), the India Plastics Pact and the Australia/New Zealand Plastics Pact, among others.

For more details on this announcement, please see the press release.

For further information on Mondelez International's sustainability strategy, goals, and progress, please see the Snacking Made Right section of our website.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2021 28 635 M - -
Net income 2021 4 138 M - -
Net Debt 2021 16 769 M - -
P/E ratio 2021 22,8x
Yield 2021 1,97%
Capitalization 93 435 M 93 435 M -
EV / Sales 2021 3,85x
EV / Sales 2022 3,73x
Nbr of Employees 79 000
Free-Float -
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Number of Analysts 22
Last Close Price 66,98 $
Average target price 72,21 $
Spread / Average Target 7,81%
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Dirk van de Put Chairman & Chief Executive Officer
Luca Zaramella Chief Financial Officer & Executive Vice President
Robin S. Hargrove Executive VP-Research, Development & Quality
Javier Polit Chief Information Officer
Lois D. Juliber Independent Director
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