Mondelēz International launches key racial equity audit
Mondelez at Sweets & Snacks. Pic: Neill Barston
Global snacking and confectionery group Mondelēz International has confirmed it has commissioned a third-party racial equity audit as part of its ongoing commitment to advancing diversity, equity and inclusion policies, reports Neill Barston.
The study is being carried out by WilmerHale LLP, a law firm with strong civil rights expertise and extensive experience conducting such exercises across industries.
According to the company, the specialist firm’s remit will seek input from a range of stakeholders as part of the review, which will cover US. and Canadian aspects of the company’s international business. The audit will include equality goals and initiatives, marketing strategies, political contributions, and environmental and sustainability programmes. Mondelēz International plans to publish a report on the results upon completion of the audit.
The business currently operates in over 150 countries, and last year held net revenues of $29 billion, delivering key brands including Oreo, Belvita, Lu biscuits and its flagship Cadbury brand.
Its latest audit comes in the wake of other major US and global confectionery businesses including forging similar policies aimed at increasing diversity within management and at wider company level including Mars Wrigley and Hershey.
Notably, its goals on improving its employment diversity are being delivered in the wake of an overall environmental and governance report, which underlined its core long-term goals including moving towards net zero emissions by 2050, as well as placing achieving improved standards of living for cocoa farmers as core targets for its global work.
“As the global snacking leader, Mondelēz International is committed to measuring and assessing our ongoing DEI efforts to ensure credible progression towards our long-standing commitments,” said Paulette Alviti, Executive Vice President and Chief People Officer for Mondelēz International. “Our focus on DEI drives innovation, growth and is important to our colleagues and all our stakeholders.”\