Company name: Mondelēz
Registration location: Chicago, United States
Ownership/ ultimate beneficial owner: Mondelēz is a multinational company without an ultimate beneficial owner. Its stocks are shared among many investors.
Stock exchange listing: NASDAQ (National Association of Securities Dealers Automated Quotations)
Sectors: Fast Moving Consumer Goods (FMCG)
Cadbury Dairy Milk
Enjoy Life Foods
Marabou Maynards Bassett’s
Sour Patch Kids
Tate’s Bake Shop
No Deforestation, No Peat, No Exploitation policy: Yes
Deforestation within current supply chain since 2016: 37,000 ha
Last year, the company ranked among the bottom 10 on WWF’s assessment of global brands and their sustainability achievements regarding palm oil sourcing. Mondelēz was among the laggards in achieving zero deforestation targets in 2019.
Until the first half of 2020, Mondelēz was still buying from several top deforester companies.
Back in 2018, together with Unilever, Wilmar, and Aidenvironment, Mondelēz signed a joint statement on creating a deforestation-free palm oil supply chain. Greenpeace, who initially prepared to engage with the traders from the signatories, stepped back from the cooperation due to continues failure in addressing deforestation issue in their supply chains. The agreement has come into stall mode now. CRR mentioned three KPIs to assess FMCG companies’ performance in addressing deforestation, which are 1) NDPE policy; 2) updated mill list; and 3) grievance. Mondelēz scores low in the last category due to the absence of grievance list. As for external audit and published risk analysis, CRR mentioned that global standard is yet existing right now, but “independent landscape research, TCFD, or CDP Forest disclosure provide insight into the quality of process”. In this case, Mondelēz has introduced TCFD Alignment Index with internal and external auditor to monitor compliance.
|Financial information (in USD million)||2019||2020||YoY growth|
|Market cap ultimo preceding year||79,040||82,979||+5%|
|Enterprise value ultimo preceding year||96,832||100,216||+3%|