Mondelēz International, Inc. (2013 – Present)

Mondelēz International, Inc. (“Mondelēz”) is a global snack foods company that manufactures food and beverage products, including Oreos, Ritz Crackers and Cadbury chocolates.

Trian was attracted to Mondelēz’s strong business profile, comprised of a collection of well-known brands in fast-growing, high-margin categories, and strong emerging markets exposure, which we believe presents an opportunity for significant upside potential. Trian also believes that through a rigorous focus on cost reduction, return on investment, brand support and innovation, Mondelēz can achieve significantly improved revenue growth and margins over time. Trian announced its investment in Mondelēz in April 2013.

In January 2014, Nelson Peltz was invited to join the Mondelēz board. On March 1, 2018, Peter May joined the Mondelēz board and Nelson Peltz stepped down to devote more time to other Board commitments.

Trian looks forward to continuing to work constructively with management and the board to help Mondelēz achieve best-in-class financial performance and unlock shareholder value.

Sector: Consumer

Fun Fact: After holding a company contest in 2012 to create a new corporate name, the winner was Mondelēz International (pronounced “mohn-dah-leez”) with the stock symbol MDLZ. Two employees created this name from a combination of the words “monde” (Latin for “world”) and “deliz” (for “delicious”).

Company Website: http://www.mondelezinternational.com/

ESG Highlights:

  • Board RefreshmentAs of April 1, 2018, Mondelēz has added eight new directors to the Board since October 2012
  • Director Independence: 12 out of 13 directors are independent (as of April 1, 2018)
  • Responsible Supply ChainLaunched in 2012, “Cocoa Life” is a sourcing program that helps farmers achieve sustainable livelihoods while increasing cocoa yields, reaching 120,500 farmers in 1,085 communities through 2017. In 2014 Mondelēz published the Palm Oil Action Plan, a long-term roadmap to achieve a sustainable palm oil supply, which was launched after achieving 100% Roundtable on Sustainable Palm Oil (RSPO) coverage in 2013
  • Climate Change AgendaMondelēz reduced water use by 25% in priority locations where water is most scarce, exceeding its 2020 goal. Absolute CO2 emissions have been reduced by 10% (from 2013 to 2017). Mondelēz is committed to making all paper-based packaging sustainably sourced by 2020 and all packaging recyclable by 2025
  • Well-Being SnacksContinuing to make nutrition improvements in key brands: reducing sodium across Oreo globally; doubling the amount of whole grain in Club Social biscuits; and cutting saturated fat in Barni by 13%
  • ESG IndexA Dow Jones Sustainability World Index member for the 14th year in a row in 2018
  • Community Partnerships: Through Mondelēz International Foundation, Mondelēz invested $50 million USD over multi-years in a three-pronged proven approach to combat obesity – nutrition education, promoting active play and providing access to fresh foods
  • Food Safety: Nearly 100% of Mondelēz’s internal facilities worldwide are certified against the Foundation for Food Safety Certification

For more information on ESG initiatives at Mondelēz, please visit http://www.mondelezinternational.com/well-being

Trian Board Member

Former Trian Board Member