Monster Beverage Corporation (MNST) — ESG & Values Scores

Environment story

Provided filings contain no quantified Scope 1, 2, or 3 emissions data and no disclosed net-zero target year, resulting in deductions for non-disclosure under the applicable scoring rubric. The 10-K documents operational disruptions from extreme weather (hurricane flooding, wildfire smoke) affecting company-owned facilities, indicating physical climate exposure rather than a mitigation program. No verified investment in physical decarbonization infrastructure or renewable electricity procurement is disclosed in the source documents. This is a research data point, not investment guidance.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

Sustainability Reporting Compliance

Company discloses engagement with evolving sustainability reporting frameworks (e.g., EU Corporate Sustainability Reporting Directive, California climate disclosure laws) but does not provide quantified emissions or targets in the reviewed filings.

Social story

Board and executive leadership gender representation is measured at approximately 27% (4 of 15 combined board/executive seats held by women), below the 30% threshold applied in this rubric, resulting in a deduction. No documented active union-suppression campaigns or strikes within the last 24 months were found in the provided filings. CEO-to-median-worker pay ratio is referenced as a proxy statement disclosure item but the specific ratio figure was not present in the provided source text, so no deduction was applied for that factor. Ongoing litigation alleging underage-targeted alcohol marketing is documented. This is a research data point, not investment guidance.

Criticisms on file

Ongoing class action and state-level litigation alleging alcohol beverage marketing/advertising improperly targeted underage consumers in violation of state consumer protection statutes.
Source: MNST_10k.txt - Government Regulation and Litigation Risks
Various consumer class actions and lawsuits alleging false/misleading advertising or labeling claims regarding energy drink and alcohol products.
Source: MNST_10k.txt - Litigation regarding our products and practices

Disclosed initiatives

Modern Slavery Transparency Statement

Company maintains policies and a public statement addressing human rights and modern slavery risk across its supply chain, as referenced in the 10-K.

Governance story

The Company maintains a single class of common stock with one vote per share (no dual-class structure), per the proxy statement. Board independence is 7 of 10 directors (70%), below the 75% threshold applied in this rubric, resulting in a deduction. TCCC's approximately 20.9% equity stake, board nomination rights, and change-of-control provisions concentrate influence among a small group of insiders and TCCC. Ongoing litigation includes consumer class actions, securities actions, and shareholder derivative actions as disclosed in the 10-K. This is a research data point, not investment guidance.

Criticisms on file

TCCC (The Coca-Cola Company) holds ~20.9% equity stake, has board nomination rights, and change-of-control provisions require a bidder to secure support of >62.5% of non-TCCC shares if TCCC opposes a transaction, concentrating control among insiders/TCCC.
Source: MNST_10k.txt - Provisions in our organizational documents and control by insiders or TCCC
Company is party to various securities actions and shareholder derivative actions as part of ordinary litigation disclosures.
Source: MNST_10k.txt - Litigation regarding our products and practices

Disclosed initiatives

Lead Independent Director Charter

Amended and restated in April 2025; establishes an independent director in a lead governance capacity given the combined Chairman/insider structure.
Audit Committee Sustainability & Cybersecurity Oversight

Audit Committee reviews sustainability strategy elements and receives quarterly cybersecurity briefings from the Chief Information Officer.
Proxy Access By-law

Adopted in 2018, permits qualifying stockholders holding 3%+ of shares for 3+ years to nominate director candidates for inclusion in proxy materials.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Monster Beverage Corporation. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Monster Beverage Corporation in the app for interactive charts and portfolio building.

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