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
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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