Mondelēz


April 29, 2021

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)

Subsidiaries/ brands

5star
Alpen Gold
Barni
Belvita
Bournvita
Cadbury
Cadbury Dairy Milk
Chips Ahoy!
Clorets
Club Social
Côte d’Or
Enjoy Life Foods
Freia
Halls
Honey Maid
Kinh Do
Lacta
LU
Marabou Maynards Bassett’s
Milka
Oreo
Perfect Snacks
Philadelphia
Prince
Ritz Royal
Sour Patch Kids
Stride
Tang
Tate’s Bake Shop
Tiger
Toblerone
Trident
Triscuit
TUC
Wheat Thins

Sustainability performance

No Deforestation, No Peat, No Exploitation policy: Yes

Deforestation within current supply chain since 2016: 37,000 ha

Certification: Mondelēz is a member of the Roundtable on Sustainable Palm Oil (RSPO) and the Consumer Goods Forum.

Supply chain links: Mondelēz palm oil mill list as of 26 April 2019, based on data in late 2018 provided by the suppliers.

Supplementary Information

Mondelēz is among the FMCG companies highlighted by NGOs for falling behind in accomplishing its zero-deforestation target despite commitments adopted through the Consumer Goods Forum membership.

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
Annual revenue 25,868 26,581 +3%
Gross profit 10,333 10,536 +2%
EBITDA 5,525 5,796 +5%
Net profit 3,593 5,002 +39%
Market cap ultimo preceding year 79,040 82,979 +5%
Enterprise value ultimo preceding year 96,832 100,216 +3%

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