Cadbury owner Mondelez is under scrutiny at its AGM over its chocolate sales in Russia
Holding company: Mondelez boss Dirk Van de Put
Cadbury owner Mondelez will face scrutiny over its chocolate sales in Russia at its AGM this week.
Senior MPs and campaign groups have criticized the company for selling some of its brands, including Milka chocolate and Oreo biscuits.
Investor Wespath Benefits and Investments has proposed an independent investigation into how the American conglomerate implements human rights policy in Russia and Ukraine.
Consultancy Institutional Shareholder Services has encouraged investors to support this.
Mondelez, which acquired the beloved British brand Cadbury in 2010, said the call for a review was “ambiguous and unnecessary.”
Boss Dirk Van de Put said investors “morally don’t care” whether companies do business in Russia, adding that no shareholders had put pressure on the country to leave.