Representatives of Mondelez Kinh Đô Vietnam, Đồng Tiến Paper Company, Ltd and Vĩnh Xuân Paper Company at the agreement signing ceremony to bolster recycling capacities in Việt Nam. – Photo Courtesy Mondelez Kinh Đô Vietnam
Confectionary producer Mondelez Kinh Đô Vietnam recently signed a strategic cooperation agreement with Đồng Tiến Paper Company, Ltd and Vĩnh Xuân Paper Company, Ltd to bolster packaging collection and recycling capacities in Việt Nam.
The co-operation is a significant step, underscoring the comapny's commitment to proactively implementing Extended Producer Responsibility (EPR) regulations and furthering its sustainable development strategy.
In a collaborative effort to advance packaging collection and recycling goals, Mondelez Kinh Đô Vietnam, alongside Đồng Tiến and Vĩnh Xuân, will work together to enhance the capacity for collecting and recycling packaging materials.
Through a three-year strategic partnership spanning from 2024 to 2026, Đồng Tiến will function as a paper recycling unit, procuring, and categorising used paper packaging to produce semi-finished rolled paper.
Vĩnh Xuân will then utilise this recycled material to manufacture various paper packaging products, catering to Mondelez Kinh Đô Vietnam's needs.
Anil Viswanathan, managing director of Mondelez Kinh Đô Vietnam, said: "Reducing environmental footprints is a long-term commitment in Mondelez Kinh Đô Vietnam's business strategy and meets the growing needs of consumers. As one of the leading food companies in Việt Nam, Mondelez Kinh Đô fully commits and proactively implements measures to adhere to EPR regulations. We have set very clear goals for sustainable development by 2025, especially the sustainable packaging roadmap, and are committed to fostering meaningful changes. Through this collaborative endeavor, we lead the way and take pride in standing alongside our partners to tackle waste challenges and believe that our collective efforts will make a positive impact in promoting the circular economy in Việt Nam."
Alongside strategic collaborations like this one, the three companies aim to elevate paper collection and recycling rates, aligning with Governmental aspirations for zero emissions by 2050 and fostering sustainable development.
In line with Mondelēz International's global goal, Mondelez Kinh Đô endeavors to achieve 100 per cent of its packaging design for recycling by 2025.
As a member of the PRO Vietnam Coalition since its establishment, Mondelez Kinh Đô has demonstrated a strong commitment to implementing EPR in Việt Nam, alongside a comprehensive approach to sustainability that encompasses sustainable packaging, ingredients, environmental, social, employee, and consumer initiatives.
Mondelez Kinh Đô is part of Mondelēz International, Inc. In Việt Nam, the company operates in three locations with more than 3,000 employees. – VNS