‘Golden shares’ to safeguard sustainability at Tony’s Chocolonely

June 16, 2023 EcoVadis EN


In an unusual move, the Dutch company, which makes colourfully wrapped chunky chocolate bars stocked in UK supermarkets, has created a new governance structure with golden shares that carry the power to veto changes to its ethical strategy.

The shares will be safeguarded by independent “mission guardians” who have the power to prevent legal changes to its sourcing principles and “mission” to eradicate inequality and exploitation in the chocolate industry.

Tony’s, which advertises its goods as “100% exploitation free”, sources from Ghana and Ivory Coast.


Read the full article at: www.theguardian.com

About the Author

EcoVadis EN

EcoVadis is a purpose-driven company dedicated to embedding sustainability intelligence into every business decision worldwide. We offer a full range of solutions including IQ-Plus Risk & Compliance Management, EcoVadis Ratings, and Carbon Action Module for Scope 3 Decarbonization. Key features like 360/Live News Monitoring, Academy E-learning and Corrective action plans help companies comply with ESG regulations, reduce GHG emissions, and improve the sustainability performance of their business and value chain across 250 industries in 185 countries.

Follow on Twitter Follow on Linkedin Visit Website More Content by EcoVadis EN
Previous Article
Flywheel of sustainability in the accommodation sector
Flywheel of sustainability in the accommodation sector

Within the travel industry, the accommodation sector has a huge opportunity to lead in decarbonisation. The...

Next Article
Consumers are in fact buying sustainable goods: Highlights from new research | McKinsey
Consumers are in fact buying sustainable goods: Highlights from new research | McKinsey

Which sustainability attributes matter most at the point of sale? Do consumers pay attention to sustainabil...

×

Don’t Miss a Thing
Get sustainable procurement news from around the world straight to your inbox

Subscribe →

First Name
Last Name
Opt in to receive more information from EcoVadis
Thank you!
Error - something went wrong!