Mondelez Pakistan recognised for its Corporate Social Responsibility
The company was recognized for its efforts in sustainability, women empowerment, and social impact
PAKISTAN – Mondelez, a multinational confectionery food industry company, has been recognised by the National Forum for Environment and Health (NFEH) for its sustainable Corporate Social Responsibility (CSR).
The company won a triple award at the 14th Annual CSR Summit. The NFEH also recognised it at the 17th CSR Awards for its leadership in shaping a more inclusive, sustainable, and socially responsible future.
NFEH stated that the company reduced environmental impact and promoted eco-friendly operations, maintained high safety standards in the workplace, participated in community programs, such as organising beach clean-ups, and promoted inclusivity and diversity.
The awards reinforce Mondelez’s commitment to impactful corporate social responsibility initiatives, weaving women’s empowerment, sustainability, and social impact into the fabric of its business.
Sami Wahid, Managing Director of Mondelez Pakistan, said, “Organizations must recognise that their responsibility extends beyond business growth. At a time when the world faces pressing environmental and social challenges, CSR is about driving real, lasting change.”
He emphasised that the awards highlight the influence of purpose-driven businesses in driving positive change, stressing the importance of prioritising sustainability, inclusion, and social responsibility and urging organisations across various industries to take meaningful action.
According to Mondelez, investing in sustainability and empowering communities is vital for creating a better future. They believe that businesses that lead with purpose not only achieve success but also make a transformative impact on lives.
The National Forum for Environment & Health (NFEH) also awarded Faysal Bank for its sustainable banking practices, financial inclusion, and community development initiatives.
Mondelēz invests US$5M to boost localisation in Pakistan
Recently, the company announced its US$5 million investment to localise 50% of its current production, up from the current 22% localisation level.
“Our goal is to enhance sustainability in Pakistan through localisation and boost exports,” said Sami Wahid, Managing Director of Mondelēz Pakistan, during an interview with The News.
The company said 50% of its raw materials, except cocoa beans, could be localised. As of March 2024, the company had already localised 22% of its imports and aims to reach the 50% target by 2025.
“Additionally, we are exploring ways to increase our exports from Pakistan to address the dollar liquidity crunch,” Wahid added. “We aim to make our business sustainable under Pakistan’s macroeconomic conditions.”
The investment in localisation comes as Mondelēz seeks to enhance the sustainability of its operations in Pakistan and leverage the country’s manufacturing capabilities to address currency challenges and boost exports.
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