Mondelez International: Difference between revisions

Content deleted Content added
No edit summary
 
(31 intermediate revisions by 25 users not shown)
Line 1:
{{Short description|American multinational food and beverage corporation}}
{{Update|date=September 2023}}
{{Use American English|date=July 2016}}
{{Use mdy dates|date=March 2024}}
Line 10 ⟶ 9:
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NASDAQ|MDLZ}} (Class A)|[[Nasdaq-100]] component|[[S&P 100]] component|[[S&P 500]] component}}
| predecessorformer_name = [[Kraft Foods Inc.]]
| founders = {{ubl|Thomas H. McInnerney|Edward E. Rieck}}
| hq_location = [[Chicago|Chicago, Illinois]], U.S.
Line 85 ⟶ 84:
}}
 
'''Mondelez International, Inc.''' ({{IPAc-en|ˌ,|m|ɒ|n|d|ə|ˈ'|l|iː|z}} {{respell|MON|də|LEEZ}}),<ref>{{cite news |last1=De La Merced |first1=Michael J. |title=Kraft, 'Mondelez' and the Art of Corporate Rebranding |url=https://archive.nytimes.com/dealbook.nytimes.com/2012/03/21/kraft-mondelez-and-the-art-of-corporate-rebranding/ |access-date=December 4, 2022 |work=[[The New York Times]] |date=March 21, 2012 |archive-url=https://archive.today/20130130060456/http://dealbook.nytimes.com/2012/03/21/kraft-mondelez-and-the-art-of-corporate-rebranding/ |archive-date=January 30, 2013 |url-status=live}}{{cbignore|bot=InternetArchiveBot}}</ref> styled as '''Mondelēz International''', is an American [[Multinational corporation|multinational]] confectionery, [[food industry|food]], holding, [[drink industry|beverage]] and snack food company based in [[Chicago]].<ref>{{cite web |title=About Us |url=https://us.mondelezinternational.com/about-us |website=Mondelēz International, Inc. |access-date=December 9, 2020 |archive-date=January 15, 2021 |archive-url=https://web.archive.org/web/20210115185939/https://us.mondelezinternational.com/about-us |url-status=dead }}</ref> Mondelez has an annual revenue of about $26.5&nbsp;billion and operates in approximately 160 countries.<ref>{{cite web |url=http://www.mondelezinternational.com/~/media/MondelezCorporate/Uploads/downloads/mondelez_intl_fact_sheet.pdf |archive-url=https://web.archive.org/web/20181004185803/https://www.mondelezinternational.com/~/media/MondelezCorporate/Uploads/downloads/mondelez_intl_fact_sheet.pdf |archive-date=October 4, 2018 |title=Corporate fact sheet – 2018}}{{cbignore}}</ref> It ranked No.&nbsp;108 in the 2021 [[Fortune&nbsp;500]] list of the largest United States corporations by total revenue.<ref>{{cite web|title=Fortune 500|url=https://fortune.com/fortune500/2021/search/?rank=asc|access-date=November 7, 2021|website=Fortune|language=en-US}}</ref>
 
The company has its origins as [[Kraft Foods Inc.]], which was founded in Chicago in 1923. The present enterprise was established in 2012 when Kraft Foods was renamed Mondelez and retained its snack food business, while its North American grocery business was spun off to a new company called [[Kraft Foods|Kraft Foods Group]]. The name is derived from the [[Latin]] word {{lang|la|mundus}} ("world") and ''delez'', a fanciful modification of the word "delicious."<ref>{{cite news |last=Strom |first=Stephanie |author-link=Stephanie Strom |url=https://www.nytimes.com/2012/05/24/business/mondelez-is-new-name-for-krafts-snack-foods-company.html |url-access=subscription |archive-url=https://web.archive.org/web/20120525133817/http://www.nytimes.com/2012/05/24/business/mondelez-is-new-name-for-krafts-snack-foods-company.html?ref=global |archive-date=May 25, 2012 |title=For Oreo, Cadbury and Ritz, a New Parent Company (Mondelez Is New Name for Kraft's Snack Foods Company) |location=California |newspaper=[[The New York Times]] |date=May 23, 2012 |access-date=August 25, 2015}}{{cbignore}}</ref><ref name="Nasdaq OMX">{{cite press release |title=Kraft Foods Proposes Mondelēz International, Inc. As New Name For Global Snacks Company |url=http://phx.corporate-ir.net/phoenix.zhtml?c=129070&p=irol-newsArticle&ID=1674969 |website=Corporate-IR |access-date=November 22, 2012 |archive-url=https://web.archive.org/web/20160114164147/http://phx.corporate-ir.net/phoenix.zhtml?c=129070&p=irol-newsArticle&ID=1674969 |archive-date=January 14, 2016 |url-status=dead}}</ref><ref>{{cite news |last1=Chernev |first1=Alexander |title=What's in a Name? Krafting the Mondelez Brand |url=http://www.bloomberg.com/news/articles/2012-03-22/what-s-in-a-name-krafting-the-mondelez-brand |access-date=January 28, 2021 |work=[[Bloomberg Businessweek|Bloomberg]] |date=March 22, 2012 |archive-url=https://web.archive.org/web/20160525041342/http://www.bloomberg.com/news/articles/2012-03-22/what-s-in-a-name-krafting-the-mondelez-brand |archive-date=May 25, 2016 |url-status=live}}</ref>
 
The Mondelez International company manufactures chocolate, cookies, biscuits, gum, confectionery, and powdered beverages. Mondelez International's portfolio includes several billion-dollar components, among them cookie, cracker, and candy brands [[Belvita]], [[Chips Ahoy!]], [[Oreo]], [[Ritz Crackers|Ritz]], [[TUC (cracker)|TUC]], [[Triscuit]], [[Nabisco]], [[Lefèvre-Utile|LU]], [[Sour Patch Kids]], [[Barny Cakes|Barny]], and [[Peek Freans]]; chocolate brands [[Milka]], [[Côte d'Or (brand)|Côte d'Or]], [[Toblerone]], [[Cadbury]], [[Green & Black's]], [[Freia (chocolate)|Freia]], [[Marabou (chocolate)|Marabou]], and [[J. S. Fry & Sons|Fry's]]; gum and cough drop brands [[Trident (gum)|Trident]], [[Dentyne]], [[Chiclets]], [[Halls (cough drop)|Halls]], and [[Stride (gum)|Stride]]; as well as [[Tate's Bake Shop]] cookies and powdered beverage brand [[Tang (drink mix)|Tang]].<ref>{{cite web |title=Our Brands |url=https://www.mondelezinternational.com/our-brands |website=Mondelēz International, Inc. |access-date=December 9, 2020 |language=en}}</ref>
Line 287 ⟶ 286:
In September 2017, an investigation<ref>[http://www.mightyearth.org/wp-content/uploads/2017/09/chocolates_dark_secret_english_web.pdf "Chocolate's Dark Secret"]. September 2017.</ref> conducted by NGO [[Mighty Earth]] found that a large amount of the cocoa used in chocolate produced by Mondelez and other major chocolate companies was grown illegally in [[national park]]s and other protected areas in [[Ivory Coast]] and [[Ghana]].<ref>"[http://49tmko49h46b4e0czy3rlqaye1b.wpengine.netdna-cdn.com/wp-content/uploads/2017/09/Olam-Livelihood-Charter-report-2016-2.pdf Olam Livelihood Charter 2016: Equipping smallholders to secure their future] {{Webarchive|url=https://web.archive.org/web/20171107055533/http://49tmko49h46b4e0czy3rlqaye1b.wpengine.netdna-cdn.com/wp-content/uploads/2017/09/Olam-Livelihood-Charter-report-2016-2.pdf |date=November 7, 2017 }}," Olam, 2016.</ref><ref>"[http://ir.mondelezinternational.com/releasedetail.cfm?releaseid=894364 Mondelez International's Cocoa Life Partners with FLOCERT to Verify Supply Chain.] {{Webarchive|url=https://web.archive.org/web/20171107025437/http://ir.mondelezinternational.com/releasedetail.cfm?releaseid=894364 |date=November 7, 2017 }}" ''Mondelez press release. ''3, 2015.</ref><ref>"[https://www.edie.net/news/5/Mondelez-launches-new-cocoa-supply-chain-sustainability-initiative/ Mondelez launches new cocoa supply chain sustainability initiative.]" ''Edie Newsroom''. February 4, 2015.</ref> The countries are the world's two largest [[Cocoa bean|cocoa]] producers.<ref>{{cite journal|title= Cocoa production in West Africa, a review and analysis of recent developments|journal= NJAS – Wageningen Journal of Life Sciences|volume= 74–75|pages= 1–7|doi= 10.1016/j.njas.2015.09.001|year= 2015|last1= Wessel|first1= Marius|last2= Quist-Wessel|first2= P.M. Foluke|doi-access= free}}</ref><ref>"[http://www.wri.org/blog/2015/08/how-much-rainforest-chocolate-bar How Much Rainforest Is in That Chocolate Bar?]" ''[[World Resources Institute]]''. August 6, 2015.</ref>
 
The report documents how in several national parks and other protected areas, 90% or more of the land mass has been converted to cocoa.<ref>"[httphttps://www.tropicalconservationscience.orgmongabay.com/content/v8/tcs_v8i1_95-113_Bitty.pdf Cocoa farming and primate extirpation inside The Ivory Coast's protected areas.]" ''Tropical Conservation Science''. 8.1(2015): 95–113.</ref> Less than four percent of Ivory Coast remains densely forested, and the chocolate companies' laissez-faire approach to sourcing has driven extensive [[deforestation]] in Ghana as well.<ref>"[http://www.etcterra.org/download/161216081210-161214-analyse-facteurs-dz ef-deg-ci-rapport-final.pdf Analyse qualitative des facteurs de déforestation et de dégradation des forêts en Côte d'Ivoire] {{Webarchive|url=https://web.archive.org/web/20171107021128/http://www.etcterra.org/download/161216081210-161214-analyse-facteurs-def-deg-ci-rapport-final.pdf |date=November 7, 2017 }}"; Rapport Final, November 10, 2016</ref> In Ivory Coast, deforestation has pushed [[Common chimpanzee|chimpanzee]]s into just a few small pockets, and reduced the country's [[elephant]] population from several hundred thousand to about 200–400.<ref>Covey, R. and McGraw, W. S. "[http://www.eva.mpg.de/fileadmin/content_files/staff/boesch/pdf/prim_cen_distr.pdf Monkeys in a West African bushmeat market: implications for cercopithecid conservation in eastern Liberia.]" ''Tropical Conservation Science''. 7.1 (2014): 115–125.</ref><ref>Marchesi, P., Marchesi, N., Fruth, B., and Boesch, C. "[http://www.eva.mpg.de/fileadmin/content_files/staff/boesch/pdf/prim_cen_distr.pdf Census and Distribution of Chimpanzees in Cote D'Ivoire.]" ''PRIMATES''. 36.4(1995): 591–607.</ref><ref>"[http://wwf.panda.org/?201553/Poaching-contributes-to-forest-elephant-declines-in-Cte-dIvoire-new-numbers-reveal Poaching contributes to forest elephant declines in Côte d'Ivoire, new numbers reveal.]" ''WWF''. September 5, 2011.</ref> Mondelez claimed to have mapped almost all of its cocoa suppliers in Côte d'Ivoire, Ghana and Indonesia by 2018 in an effort to combat deforestation.<ref>{{cite web | url=https://supplychaindigital.com/digital-supply-chain/mondelez-makes-deforestation-progress-cocoa-supply-chain | title=Mondelēz makes deforestation progress in cocoa supply chain | date=May 17, 2020 }}</ref>
 
In November 2018, an investigation by [[Greenpeace International]] found that 22 [[palm oil]] suppliers to Mondelez International cleared over {{convert|70000|ha|acres sqmi}} of rainforest from 2015 to 2017.<ref>{{cite news |last=Dalton |first= Jane |date=November 13, 2018 |title=Chocolate giant Cadbury 'still pushing orangutans towards extinction by wrecking habitat for palm oil' |url=https://www.independent.co.uk/environment/orangutans-palm-oil-habitat-rainforest-cadbury-mondelez-oreos-indonesia-greenpeace-a8630801.html |work=The Independent |access-date=May 26, 2020}}</ref> Mondelez received a 'yellow', the second of the four possible ratings on the 2022 Chocolate Scorecard for Agroforestry i.e. 'starting to implement good policies'.<ref>{{cite web|url=https://www.chocolatescorecard.com/ |title=Chocolate Scorecard 2022 |work=Chocolatescorecard.com |date= |access-date=August 4, 2022}}</ref>
 
=== Child slavery ===
In 2021, Mondelez International was named in a class action lawsuit filed by eight former child slaves from [[Mali]] (aided by International Rights Advocates) who allege that the company aided and abetted their enslavement on [[Cocoa production in Ivory Coast|cocoa plantations in Ivory Coast]]. The suit accused Mondelez (along with [[Nestlé]], [[Cargill]], [[Mars, Incorporated|Mars]], [[Olam International]], [[The Hershey Company]], and [[Barry Callebaut]]) of knowingly engaging in forced labor, and the plaintiffs sought damages for unjust enrichment, negligent supervision, and intentional infliction of emotional distress.<ref>{{cite news |last=Balch |first=Oliver |author-link=Oliver Balch |date=February 12, 2021 |title=Mars, Nestlé and Hershey to face child slavery lawsuit in US |url=https://www.theguardian.com/global-development/2021/feb/12/mars-nestle-and-hershey-to-face-landmark-child-slavery-lawsuit-in-us |access-date=February 13, 2021}}</ref>
 
As with deforestation, Mondelez is 'starting to implement good policies' according to the 2022 Chocolate Scorecard.<ref>{{cite web|url=https://www.chocolatescorecard.com/ |title=Chocolate Scorecard 2022 |publisher=Chocolatescorecard.com |date= |access-date=August 4, 2022}}</ref> Its Cocoa Life programme for sustainable cocoa aims to address the root causes of child labour with a holistic approach, collaborating with families, encouraging school attendance and monitoring child labour on farms.<ref>{{cite web | url=https://www.mondelezinternational.com/Snacking-Made-Right/ESG-Topics/Child-Labour-in-Cocoa | title=Child Labor in Cocoa | access-date=July 4, 2022 | archive-date=July 5, 2022 | archive-url=https://web.archive.org/web/20220705191759/https://www.mondelezinternational.com/Snacking-Made-Right/ESG-Topics/Child-Labour-in-Cocoa | url-status=dead }}</ref> Cocoa Life farms accounted for 43% of Mondelez' cocoa needs by 2018 and the company planned to have 100% coverage with Cocoa Life by 2025.<ref>{{cite web | url=https://www.confectionerynews.com/Article/2019/10/03 | title="Cocoa Life has not been setup as a marketing tool," says Mondelēz International | date=October 3, 2019 }}</ref>
 
An investigation in 2022 by Britain's Channel 4 ''Dispatches'' found children as young as 10 working on farms in Ghana supplying the Cadbury's brand of Mondelēz International.<ref>{{Cite news |last=Ungoed-Thomas |first=Jon |date=April 3, 2022 |title=Cadbury faces fresh accusations of child labour on cocoa farms in Ghana |url=https://www.theguardian.com/law/2022/apr/03/cadbury-faces-fresh-accusations-of-child-labour-on-cocoa-farms-in-ghana |access-date=January 13, 2024 |work=The Observer |language=en-GB |issn=0029-7712}}</ref> The investigation went to an address on Mondelēz's Cocoa Life website in 2022 and discovered child laborers harvesting cocoa without protective clothing. ''Last Week Tonight'' host [[John Oliver]] joked: "I don't know what statement Mondelēz could release in the wake of that other than maybe 'Honestly, did not think anyone would actually check'"<ref>{{Citation |title=Chocolate: Last Week Tonight with John Oliver (HBO) |url=https://www.youtube.com/watch?v=FwHMDjc7qJ8 |access-date=January 13, 2024 |language=en}}</ref>{{importance inline|date=March 2024}}{{better source needed|date=March 2024}}
 
In November 2023, International Rights Advocates (on behalf of nine children) again filed a class-complaint against Cargill, Mars, and Mondelez, alleging that:<ref>{{cite web |url=https://www.courthousenews.com/wp-content/uploads/2023/11/child-labor-cocoa-class-action-mars-cargill-monelez.pdf |publisher=Superior Court of the District of Columbia |title=Class Complaint For Injunctive Relief and Damages}}</ref><ref>{{cite web |url=https://www.internationalrightsadvocates.org/cases/ghana |title=Case Update |publisher=International Rights Advocates}}</ref>
<blockquote>rather than honor the pledge that they made [to phase out by 2005 their use of the Worst Forms of Child Labor as defined by ILO Convention No. 182.], defendants and all of the other major chocolate companies, have done little to address the ongoing and pervasive use of child workers performing the worst forms of child labor on their sourcing plantations and have focused on misleading the public by falsely claiming their "rehabilitation" programs offer meaningful assistance to children found working on their plantations.</blockquote>
 
=== Criticism of activities in Russia during the Russo-Ukrainian War ===
Line 302 ⟶ 304:
 
On May 25, 2023, Ukraine's [[National Agency on Corruption Prevention]] (NACP) declared Mondelez International an international sponsor of war, noting that Mondelez's Russian branch increased its profit in 2022 by 303%.<ref>{{cite web |url=https://english.nv.ua/business/ukraine-declares-mondelez-international-makers-of-milka-and-oreo-sponsor-of-war-50327508.html|title=Ukraine's National Agency on Corruption Prevention (NACP) has declared U.S. Mondelez International company an international sponsor of war, the agency reported on Telegram on May 25. |publisher=english.nv.ua |date= |access-date=May 28, 2023}}</ref> This has led to boycotts from consumers and companies in the Nordic countries<ref>{{Cite news |last=Solsvik |first=Terje |date=June 12, 2023 |title=Oreo-maker Mondelez faces Nordic backlash over Russia business |language=en |work=Reuters |url=https://www.reuters.com/business/oreo-maker-mondelez-faces-nordic-backlash-over-russia-business-2023-06-12/ |access-date=June 13, 2023}}</ref><ref>{{Cite news |date=June 12, 2023 |title=Expert: En svensk bojkott svider inte mycket |language=sv |work=Dagens Nyheter |url=https://www.dn.se/ekonomi/expert-en-svensk-bojkott-svider-inte-mycket/ |access-date=June 13, 2023 |issn=1101-2447}}</ref> as well as from the football associations of Denmark,<ref>{{Cite web |date=June 10, 2023 |title=Virksomheder boykotter slikgigant - TV 2 |url=https://nyheder.tv2.dk/udland/2023-06-10-virksomheder-boykotter-slikgigant |access-date=June 13, 2023 |website=nyheder.tv2.dk |language=da-DK}}</ref> Norway<ref>{{Cite web |date=June 12, 2023 |title=Norwegian football bodies halt sponsor ties over Mondelēz Russia links |url=https://www.sportbusiness.com/news/norwegian-football-bodies-halt-sponsor-ties-over-mondelez-russia-links/ |access-date=June 13, 2023 |website=SportBusiness |language=en-US}}</ref> and Sweden.<ref>{{Cite news |last=Ljungberg |first=Mikael |date=June 3, 2023 |title=Marabou stoppas av Svenska fotbollförbundet – har verksamhet i Ryssland |language=sv |work=Sveriges Radio |url=https://sverigesradio.se/artikel/marabou-stoppas-av-svenska-fotbollforbundet-har-verksamhet-i-ryssland |access-date=June 13, 2023}}</ref> Also, some Mondelez employees in Eastern Europe have protested.<ref>{{Cite news |last1=DiNapoli |first1=Jessica |last2=Naidu |first2=Richa |date=April 14, 2022 |title=Oreo-maker, Nestle, Pepsi face pressure from European employees over Russia |language=en |work=Reuters |url=https://www.reuters.com/business/oreo-maker-nestle-pepsi-face-pressure-european-employees-over-russia-2022-04-14/ |access-date=June 15, 2023}}</ref>
===Anti-competitive practices===
In May 2024, the [[European Commission]] imposed a fine on Mondelez of €337.5 million for [[anti-competitive practices]] and for abusing its dominant market position in breach of [[Competition law|antitrust laws]] in the [[European Union]] (EU), including illegally blocking cross-border sales of chocolate, cookies, and coffee products between EU countries, thereby preventing retailers from sourcing products from EU countries where prices were lower.<ref>{{cite news |last1=O'Carroll |first1=Lisa |date=2024-05-23 |title=Toblerone maker Mondelēz fined €337.5m for anti-competitive practices |url=https://www.theguardian.com/business/article/2024/may/23/oreo-maker-mondelez-fined-anti-competitive-practices |url-status=live |archive-url=http://web.archive.org/web/20240523171017/https://www.theguardian.com/business/article/2024/may/23/oreo-maker-mondelez-fined-anti-competitive-practices |archive-date=2024-05-23 |accessdate=2024-05-25 |work=[[The Guardian]]}}</ref><ref>{{Cite web |date=2024-05-23 |title=EU Commission fines Oreo maker Mondelez 337.5 million euros for blocking cross-border sales |url=https://apnews.com/article/commission-mondelez-fine-eu-oreo-2b1621302239194b87d5fd0cc44697a9 |url-status=live |archive-url=http://web.archive.org/web/20240523113337/https://apnews.com/article/commission-mondelez-fine-eu-oreo-2b1621302239194b87d5fd0cc44697a9 |archive-date=2024-05-23 |access-date=2024-05-25 |website=[[Associated Press|AP News]] |language=en}}</ref>
 
==See also==