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Mars, accused of using child labor in its supply chain, says it aims to end the practice - TL;DR CNBC

Mars, accused of using child labor in its supply chain, says it aims to end the practice

Publishing timestamp: 2023-11-30 15:09:02


Summary

Children in Ghana are reportedly harvesting cocoa used in Mars' M&M's and Snickers, despite the company's pledge to end child labor. Mars has set a deadline of 2025 to eliminate child labor in its supply chain, but CBS News reports that the company is further from reaching that goal than it publicly projects. Mars has condemned the use of child labor and is investigating the claims made by CBS. The article also mentions a lawsuit filed against Mars, Cargill, and Mondelez for their alleged negligent supervision and consumer fraud tied to child labor in their supply chains.


Sentiment: NEGATIVE

Tickers: MDLZ

Keywords: west africamondelez international incmars acquisition corpbusinessbusiness newsretail industryfood and drinkchild laborghanabreaking news: business

Source: https://www.cnbc.com/2023/11/30/mars-accused-of-using-child-labor-in-cocoa-supply-chain.html


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