By Chris Wack

Mondelez International Inc. said Thursday it launched an impact investing platform called Sustainable Futures to incubate, finance and support self-sustaining ventures that address key challenges in the world, including climate change.

The company said the new platform gives it the opportunity to pursue and nurture innovative projects, together with like-minded investors, that align with its sustainability strategy and help deliver on its commitments.

Mondelez said Sustainable Futures seeks to co-invest in projects addressing climate change, as well as making seed investments into social ventures that aim to improve livelihoods and build healthy communities. Through the platform, the company intends to invest in projects that protect forests, reduce carbon emissions or increase resilience in landscapes from which it sources raw materials.

The first social ventures will initially include support for an NGO in India that will set up a sustainable, women-owned social enterprise to up-cycle multi-layered plastic packaging into board for multiple uses, and a venture with INMED Aquaponics Social Enterprise in South Africa, supporting agro-entrepreneurs in climate-smart food production.

Mondelez said the by offering seed investment and expertise through Sustainable Futures, it can help to create lasting solutions in areas like forest protection, carbon emissions reduction, and innovation in recycling.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

02-18-21 1030ET