Some Mondelez Shareholders Send Signal on Russian Business

Original Author: Deena Shanker
Publication: Bloomberg
Published Date: 23/05/2024

About 30% of Mondelez International Inc.’s shareholders voted in favor of a proposal regarding the company’s human rights policy in Russia and Ukraine, sending a clear message to management that investors are seeking greater transparency on its business practices in these conflict-affected countries.

Rich Stazinski, executive director of Heartland Initiative, a nonprofit research organization that promotes human rights in conflict areas, said the results show that perception is mistaken.

“We were reminded today that many Mondelez shareholders don’t share his myopic view and care deeply about the moral and material risks of irresponsibly operating in a state that’s waging war on its democratic neighbor,” he said in an email.

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