Tim Nash’s sustainable stock showdown: Mondelez (Cadbury) vs. Lindt

Apr 22 16:04 2019 Print This Article

Besides tree-planting and contemplating how our governments aren’t doing enough to tackle climate change, Earth Day is the perfect time to consider how your investments are affecting the planet. And my Easter chocolate hangover seems like a solid opportunity to take a bite out of a couple of the biggest chocolate stocks.

I don’t think there’s a more iconic Easter treat than Cadbury Creme and Mini Eggs. Just seeing the packaging gives me a sugar high. Cadbury is a British confectioner that was bought by American food conglomerate Mondelez International (MDLZ) in 2010.

In 2016, Cadbury made the controversial announcement that it would be removing the Fairtrade logo from the front of its certified brands and replacing it with Mondelez’s in-house Cocoa Life program. While Cocoa Life claims it pays farmers at least as well as Fairtrade requires, questions linger about how stringently its internal guidelines will be applied. For its part, the Fairtrade Foundation says it remains an “implementing partner” and that FLOCERT (Fairtrade’s independent assurance and certification body) will continue to independently verify the supply chain of Cocoa Life as the program grows.

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