Cadbury owner Mondelez is set to be probed over selling chocolate in Russia at its AGM this week.
Campaign groups, consumers and senior MPs have criticised the global snacking company for selling brands such as Oreo and Milka in the country.
Wespath Benefits and Investments has proposed an independent review of how Mondelez is implementing human rights policy in Russia and Ukraine, that investors have been encouraged to stand behind by advisory firm Institutional Shareholder Services, This is Money reported.
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However, the conglomerate said any calls for a review were “duplicative and unnecessary”.
Earlier this year, Mondelez chief executive Dirk Van de Put defended the company’s decision to continue doing business in Russia, despite criticism from consumers and campaigners.
In an interview with the Financial Times, the boss said that investors did not “morally care” and that “there has been no shareholder pressure whatsoever” to leave the country.
Last year, the food company’s Russian business contributed 2.8% of its global revenues, down from 4% in 2022.
