Mondelez backs packaging start-up Pack2Earth.

Mondelez International, the snacks giant behind brands like Cadbury and Milka, has invested in Pack2Earth, a start-up in Spain that is developing bio-based packaging alternatives to plastic. Mondelez's investment is part of its Sustainable Futures impact investing platform, which aims to support environmental and social projects. Pack2Earth is working on bio-based flexible film and injection material that is compostable and organically recyclable. Mondelez has set a goal for all its packaging to be recyclable by 2025 and to reduce its use of virgin plastic. [Extracted from the article]