Holding: Mondelez boss Dirk Van de Put
Cadbury owner Mondelez will face scrutiny over the sale of chocolate in Russia at its Annual General Meeting this week.
Senior MPs and campaign groups have criticized it for selling off several of its brands, including Milka chocolate and Oreo cookies.
Investor Wespath Benefits and Investments has proposed an independent review of how the US conglomerate is implementing human rights policy in Russia and Ukraine.
Advisory firm Institutional Shareholder Services has encouraged investors to back this.
Mondelez, which acquired beloved British brand Cadbury in 2010, said the review calls were “duplicative and unnecessary.”
Boss Dirk Van de Put said investors do not “morally care” whether companies do business in Russia, adding that no shareholders had pressured her to leave.
