Mondelez pressures palm oil supply chain to go 100% sustainable

Mondelez International Inc. MDLZ, -1.15% said Monday that it has “amplified its calls” for palm oil suppliers, and the industry as a whole, to go 100% sustainable and act with 100% transparency. The company says “there is more the industry needs to do in the palm oil supply chain to prevent deforestation.” Ahead of the 16th Annual Roundtable Conference on Sustainable Palm Oil, Mondelez is asking companies to commit to palm oil concession mapping, which outlines the places most at risk of deforestation, and to act more quickly to end deforestation. Mondelez is ceasing contracts with 12 suppliers engaged in deforestation practices. Mondelez shares have gained 3.5% in 2018 while the S&P 500 indexSPX, -1.18% is up 4%.