Mondelez International announced new investments under its sustainability platform, including in companies promoting regenerative agriculture, compostable packaging materials and affordable inventory financing for small businesses.
The company highlighted new direct investments in eAgronom, an Estonian company that helps farmers transition to sustainable practices; ZIRO, a Colombian startup that aims to provide inventory financing for small merchants; and Pack2Earth, a Barcelona developer of bio-based packaging materials.
The snacks giant's "Sustainable Futures Impact Investment" has also helped fund Circulate Capital’s Latin American and Caribbean Ocean Fund, as well as provided technical assistance to MDLZ, which helps validate and scale investments under the "Sustainable Futures" program.
"These Sustainable Futures investments are part of our company’s investments in new, scalable solutions that we believe can help address key challenges and in turn help create long-term business resilience while contributing to a thriving future for people and planet," Mondelez Chief Impact and Sustainability Officer Christine Montenegro McGrath said in a statement.
