Mondelēz International, Inc. (NASDAQ:MDLZ) announced on Tuesday a multi-year commitment focused on elevating its existing diversity and inclusion initiatives to make meaningful impacts in the area of racial equity economic empowerment around the world.
The plan is designed to accelerate the company’s existing D&I efforts following extensive consultations between company leaders, colleagues and experts through listening forums and educational sessions focused on diversity, inclusion and belonging.
“Mondelēz International is committed to building a more diverse, inclusive and equitable world, both socially and economically,” said Dirk Van de Put, Chairman and CEO of Mondelēz International. “As a global company, we know that diversity in all its forms is a driver of innovation and growth and we must reflect the diversity of our consumers to deliver stronger business performance as we lead the future of snacking.”
Over the next three years, the company will address local and global opportunities to advance racial equity and economic empowerment by expanding its D&I initiative across three key areas: Colleagues, Culture and Communities.
To ensure the diversity of its colleagues at all levels represent the communities, customers and consumers Mondelēz International serves, the company has committed to double Black representation in U.S. management by 2024. To enable this goal, it has implemented a series of actions across its business, including increasing the presence of underrepresented candidates on interview slates, doubling investment in early career programs, including with Historically Black Colleges and Universities, and establishing new mentoring and leadership development programs for people of color.
These initiatives will complement the company’s efforts to continue to maintain appropriate pay equity for Black colleagues. In addition, the company will increase the strategic impact of diversity and inclusion within the organization by appointing a Global D&I Officer who will be accountable to the CHRO, CEO and Board of Directors for advancing this important agenda.