Lobbying by chocolate giant Mondelez threatens landmark EU deforestation law
Mondelez, a major chocolate company, has lobbied EU officials and governments to delay or dismantle the EU Deforestation Regulation (EUDR), according to a Global Witness investigation. The company spent €1.2-€1.5 million lobbying the EU and €570,000-€680,000 in France and Germany in 2025. Mondelez denies undermining the EUDR, stating it supports the regulation's objectives and aims for effective implementation. The EU Parliament and Member States will decide on the EUDR's Delegated Act this week
How this was made

The 30-second read
Why it matters
The disclosed lobbying effort may signal upcoming regulatory challenges and ESG risk for investors.
Market read
The story adds a new layer of ESG risk for MDLZ and could influence sector sentiment toward food manufacturers.
What to watch
Potential consumer backlash and activist campaigns could offset any regulatory win.
Background
Mondelez is a major global chocolate producer facing scrutiny over cocoa‑linked deforestation.
Ticker impact
The article reveals Mondelez's €1.2‑€1.5 million EU lobbying spend and meetings aimed at weakening the EU Deforestation Regulation.
Short‑term pressure on MDLZ share price as investors assess ESG risk.
New lobbying details suggest possible future regulatory friction, which may weigh on valuation.
Market effects
Highlights growing ESG and deforestation pressure on the broader food & beverage sector.
EU policymakers may tighten scrutiny on chocolate imports, affecting European suppliers.
Sets a precedent for other multinational food companies facing similar ESG regulations.
Counterpoint
Mondelez's lobbying could succeed, leading to a weaker regulation that benefits its cost structure.
Key entities
- CompanyMondelez International
US‑listed chocolate maker (MDLZ) leading the lobbying effort.
- RegulationEU Deforestation Regulation (EUDR)
EU law aimed at preventing deforestation-linked imports.



