Mondelez International invests in Spain-based start-up Pack2Earth, focusing on developing compostable “bio-based” packaging as an alternative to plastic.
Sustainable Futures Initiative
Mondelez’s investment aligns with its Sustainable Futures impact investing platform, aiming for long-term packaging circularity and environmental impact.
Pack2Earth’s Bio-based Packaging
Pack2Earth, established in 2022, specializes in compostable flexible film and injection materials, promising toxin-free compost decomposition at ambient temperature.
Funding Round and Growth Plans
Mondelez and Zurich-based investor Sagana participate in Pack2Earth’s $1m seed round, enabling the start-up to pursue client pilot projects and revenue growth.
Mondelez’s Sustainability Goals
Mondelez targets 100% recyclable packaging by 2025, with reductions in virgin plastic usage and increased recycled content, aligning with its ESG commitments.
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