Chocolate giant lobbied U.S. and EU officials over deforestation laws, says report
Mondelēz International, owner of Cadbury and Oreo, allegedly lobbied U.S. and EU officials to delay the EU Deforestation Regulation (EUDR), according to Global Witness. The EUDR requires companies to prove their forest products, including cocoa, are deforestation-free. Mondelēz reportedly spent 1.2-1.5 million euros on EU lobbying in 2023. The company denies undermining the regulation, stating it supports deforestation-free supply chains.
How this was made

The 30-second read
Why it matters
The report reveals Mondelēz's shift from supporting to opposing the regulation, indicating possible compliance challenges.
Market read
Regulatory exposure could affect investor sentiment toward MDLZ and peers in the chocolate sector.
What to watch
The article does not quantify any financial cost or benefit from the lobbying effort.
Background
EU Deforestation Regulation (EUDR) aims to prevent imports linked to forest loss; implementation delayed to Dec 31 2026.
Ticker impact
Mondelēz International is the subject of a new report revealing its lobbying against the EU Deforestation Regulation.
Limited short-term impact; possible medium-term downside if EU enforcement tightens.
The article discloses fresh lobbying activity, but no immediate financial consequence is quantified.
Market effects
Highlights regulatory scrutiny on cocoa supply chains, affecting broader chocolate and food sector.
EU policy pressure may influence European consumer‑goods stocks.
Sets precedent for other multinational agribusinesses facing deforestation regulations.
Counterpoint
Investors may view lobbying as a sign of proactive risk management, potentially supporting the stock.
Key entities
- CompanyMondelēz International
Global snack and confectionery producer.
- RegulationEU Deforestation Regulation
EU law requiring deforestation‑free supply chains.



