Mondelez International, Inc.

The proposal requests the Board to commission and publish an independent report (by March 31, 2027) evaluating the company’s plastics packaging policies using scientifically rigorous and economically quantitative analyses. It asks that the report compare environmental lifecycle impacts and the economic costs/implications of replacing single-use plastics with alternatives, and evaluate whether policy emphasis should be on waste management systems rather than restricting plastics. The proponent cites the Company’s prior public commitments on recyclability and reductions in virgin plastics, recent stagnation in progress, and materiality of plastics in the packaging mix as rationale for the requested evaluation. The report is to omit proprietary information and include quantifiable analysis of policy changes’ effects on the Company’s financial position.

This proposal asks the Board to adopt a policy (and amend governing documents if necessary) to separate the roles of Board Chair and CEO, ensuring the Chair is an independent director. It states that an independent Chair would provide impartial oversight, strengthen management accountability, and enhance shareholder confidence, and allows for an interim non-independent Chair while an independent Chair is sought. The proponent cites recent governance and reputational challenges the company faced in 2025 as examples of circumstances where an independent Chair could provide stronger oversight. The request would require the Board to implement the change promptly, though it could be phased in around a CEO contract renewal or transition.