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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 Refreshment: As of April 1, 2018, Mondelēz has added 8 new directors to the Board since October 2012
• ISS E&S Score: Received a 2 on ISS’s QualityScore metric for Environment and 3 for Social (as of July 23, 2019), the second and third-highest possible scores (on a scale of 10, best-worst)
• Responsible Supply Chain:  In April 2019, Mondelēz committed to deliver 100% of the cocoa from the Cocoa Life sustainability program by 2025. Launched in 2012, “Cocoa Life” is a sourcing program that helps farmers achieve sustainable livelihoods while increasing cocoa yields. In April 2019, Mondelēz released an upgraded Palm Oil Action Plan that embeds firmer supplier sourcing requirements while calling for 100% transparency and 100% sustainability across the sector
• ESG Index: A Dow Jones Sustainability World Index member for the 14^th year in a row in 2018
• Climate Change Agenda: Mondelēz is committed to making all paper-based packaging sustainably sourced by 2020 and all packaging recyclable by 2025. Mondelēz reduced water use by 22% in priority locations where water is most scarce, exceeding its 2020 goal. Absolute CO₂ emissions have been reduced by 10% (from 2013 to 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
• Well-Being Snacks: Achieved 15% net revenue from portion control snacks by the end of 2018. Continuing 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%
• 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