Monster Beverage Corporation
NASDAQ : MNST
2016 Food & Beverage
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Company Ranking
20 out of20 Companies
Company Score
SUMMARY
Monster Beverage Corp. (Monster Beverage) places last on the benchmark, underperforming across all thematic areas relative to its peers. The company’s ranking reflects poor transparency and disclosure on its approach to managing human trafficking and forced labor risks in its supply chain. As a large beverage company, Monster Beverage has a major opportunity to minimize its exposure to human trafficking and forced labor risks in its supply chain by establishing and disclosing relevant commitments and standards for addressing this issue, tracing its supply chain and conducting supply chain forced labor risk assessments, and establishing a process to monitor its suppliers for forced labor and disclosing outcomes of this process.
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SCORE HISTORY
THEME & indicator score
The benchmark methodology has seven themes, selected to capture the key areas where companies need to take action to eradicate forced labour from their supply chains. The themes are comprised of a total of 12 key indicators. For each indicator, a company can score a total of 100 points.
Commitment and Governance
The company's top-level commitments on forced labor, supply chain standards, management processes, training programs and stakeholder engagement.
| Awareness and Commitment | 0 / 100 |
| Supply Chain Standards | 0 / 100 |
| Management and Accountability | 0 / 100 |
| Training | 0 / 100 |
| Stakeholder Engagement | 0 / 100 |
Traceability and Risk Assessment
The extent to which the company traces its supply chain and conducts forced labor risk assessments, and discloses information about these processes.
| Traceability and Supply Chain Transparency | / 100 |
| Transparency | / 100 |
Purchasing Practices
The company's awareness and action on purchasing practices that can exacerbate forced labor risks and its process for selecting suppliers, integrating standards into contracts, and cascading them down the supply chain.
| Purchasing Practices | 0 / 100 |
| Supplier Selection | 0 / 100 |
| Integration into Supplier Contracts | 0 / 100 |
| Cascading Standards Through the Supply Chain | 0 / 100 |
Recruitment
| Recruitment Approach | 0 / 100 |
| Recruitment Fees | 0 / 100 |
| Recruitment Audits | 0 / 100 |
Worker Voice
The extent to which the company proactively communicates with workers through the supply chain, enables freedom of association and ensures access to effective and trusted grievance mechanisms.
| Communication of Policies | 0 / 100 |
| Worker Voice | 0 / 100 |
| Worker Empowerment | 0 / 100 |
| Grievance Mechanism | 10 / 100 |
Monitoring
The company's process for auditing (including whether it includes non-scheduled visits, document review, worker interviews) and disclosure about the audit process and findings.
| Auditing Process | 0 / 100 |
| Auditing Disclosure | 0 / 100 |
Remedy
The extent to which the company has corrective action plans for non-compliant factories, as well as processes for remedying workers who are victims of forced labor, and reports on remedies provided.
| Corrective Action Plans | 0 / 100 |
| Remedy Programs | 0 / 100 |