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Holding firm: Mondelez boss Dirk Van de Put
Cadbury owner Mondelez will face scrutiny over selling chocolate in Russia at its AGM this week.
Senior MPs and campaign groups have lambasted it for selling a number of its brands including Milka chocolate and Oreo biscuits.
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 took over beloved British brand Cadbury in 2010, said calls for a review were ‘duplicative and unnecessary.’
Boss Dirk Van de Put said investors do not ‘morally care’ whether firms do business in Russia, adding that no shareholders had pressured it to leave.
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