Shareholder & activist pressure mounts on Monster Beverage to investigate slavery risks

Ahead of Monster Beverage Corporation's Annual General Meeting on June 7th, activists and shareholders are calling on the company to report on slavery and human trafficking in its supply chain.

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Article
4 June 2019

Monster Beverage takes action on slavery in supply chain

Author: Jacob Wolinsky, Value Walk

"Monster Beverage from laggard to leader on slavery in supply chain", 4 June 2019

Thanks to an As You Sow shareholder resolution, Monster has changed its attitude on the issue of supply chain slavery and appears to have transformed its policies and practices in under a year...The shareholder resolution was filed after Monster scored a zero...in the 2016 KnowTheChain slavery in supply chain scorecard.

At the 2018 AGM, Monster’s CEO explained that the company was resisting the requirement to devote company resources to comprehensively gathering data and publishing a slavery and human trafficking report on its sugarcane supply chain. Shareholders thought otherwise and delivered a decisive vote. Company leadership took action, and...things began to change...Finally...the parties came to an agreement [on] who would be directly accountable at the company, specific dates for incorporating the company’s Supplier Code of Conduct into supplier contracts...as well as targets for training suppliers through 2025.

We are hoping to see other companies that scored poorly on the most recent KnowTheChain report — like Prada (5), Amphenol (9), Hormel Foods (10), Tyson Foods (12), Conagra (18), Hershey (22), Kraft Heinz (23), and Costco (23) — to follow Monster's lead.

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Article
25 May 2018

Anti-slavery groups call on Monster Beverage to investigate its supply chain

Author: Freedom United

Monster Beverage Corporation, which controls 43% of the U.S.’s energy drinks market, states that there is a “minimal risk” of slavery and human trafficking in its supply chain... Monster scored a big fat zero out of 100 in a report on how the largest food and beverage companies are addressing forced labor3 finishing last amongst its industry peers in the soft drinks market... We have an unprecedented opportunity to push Monster to acknowledge and take responsibility for its risk to slavery at their upcoming Annual General Meeting... But we need to show there's public support for Monster to commit resources to gathering more information and secure the passage of a resolution submitted by our partner organization, As You Sow. It calls on Monster to provide a detailed report showing how they assess their risk of forced labor and human trafficking by November 15, 2018...

 

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Article
25 May 2018

Shareholder resolution asks Monster Beverage to reveal how it assesses slavery risk in supply chain

Author: As You Sow

... The October 2016, Know the Chain, Food & Beverage Benchmark Findings Report scored Monster at zero (0), stating, “Monster Beverage Corporation places last on the benchmark, underperforming across all thematic areas relative to its peers.”... While Monster has since published its forced labor policies on its website, it still does not report risk analysis and monitoring metrics down to the commodity level consistent with its peers... we lack confidence in Monster’s conclusion that it is exposed to minimal risk of slavery and trafficking based on the limited information provided and the number of sugar production countries where forced and child labor is known to exist... Shareholders request Monster Beverage to issue a report containing the criteria and analytical methodology used to determine its conclusion of “minimal risk” of slavery and human trafficking in its sugarcane supply chain...

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