Coffee and tea
Created in Jan 2020 when JAB Holding Company merged Peet's Coffee and Jacobs Douwe Egberts to form JDE Peet's, the world's largest pure-play coffee and tea group, with sales in more than 100 countries. Listed on Euronext Amsterdam in 2020.
Company Ownership
JDE Peet's NV
NLD
Acorn Holdings BV
owns 53% of JDE Peet's NV
NLD
Holding company
Holding company for coffee companies JDE Peet's and Keurig Dr Pepper. This JAB Holdings controlled investor group owned D.E Master Blenders 1753 when it merged with Mondelez's coffee business in 2014 to create the world's largest 'pure play' coffee company, Jacobs Douwe Egberts, which was merged with Peet's in 2020 to create JDE Peet's.
JAB Holding Company SARL
owns 65% of Acorn Holdings BV
LUX
Holding company
Owned by four siblings from one of Europe's wealthiest and most private families, the Reimanns. The company is run my three CEOs, who collectively own about 8% of JAB. Owns controlling stakes in beauty business Coty, coffee giant JDE Peet's, beverages giant Keurig Dr Pepper and Krispy Kreme Doughnuts, among others.
Mondelez International Inc
owns 17% of JDE Peet's NV
USA
Food manufacturer
Kraft Foods was spun off from tobacco company Altria (formerly Philip Morris) in March 2007. Bought Cadbury in 2010. In October 2012 Kraft Foods split into two public companies: a global snacks business named Mondelez International, and a North American grocery business called Kraft Foods Group Inc.
Company Assessment
(Last updated Sep 2024)
Praise
Criticism
Information
JDE Peet's NV
Praise
Criticism
Information
CDP Climate Change score of B
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of B.
Source: CDP
(2023)
10/20 in Social Benchmark
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2023 and received a score of 10/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
Part ownership by Mondelez
This company is 17% owned by Mondelez International, who get an 'F' rating.
Source: Shop Ethical
(2024)
Ethical Tea Partnership member
The Ethical Tea Partnership was formed in 1997 when a number of major tea companies committed to working together to improve the social and environmental conditions in their supply chains.
Source: Ethical Tea Partnership
(2024)
Corporate responsibility claims
This company has Corporate Responsibility claims on its website.
Source: company website
(2021)
Palm oil scorecard - WWF
The 2024 WWF Palm Oil Buyers Scorecard evaluates the progress and performance of 285 major retailers and manufacturer companies, focusing on actions companies have taken to ensure their own palm oil supply chain is sustainable and free of deforestation, natural ecosystem conversion, and human rights abuse. This company is rated 'middle of the pack' with a score of 14.84 out of a possible total of 24.
Source: WWF Palm Oil Scorecard
(2024)
CDP Water Security score of C
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of C.
Source: CDP
(2023)
43/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 43/100 in the Food Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global
(2022)
33.9% in Food and Agriculture Benchmark
The 2023 Food and Agriculture Benchmark assessed 350 keystone companies across the entirety of the food system, from farm to fork. It covers three dimensions where transformation is needed: nutrition, environment and social inclusion. This company ranked #40/350, with a total score of 33.9/100.
28.2% in Nature Benchmark
The Nature Benchmark ranks 816 companies across 20 industries on their efforts to protect our environment and its biodiversity. Companies were assessed in three phases between 2022 and 2024 using three measurement areas: governance and strategy; social inclusion and community impact; and ecosystems and biodiversity. This company was assessed in 2023 and is ranked #100/816, with a total score of 28.2/100.
Acorn Holdings BV
No assessment data currently available for Acorn Holdings BV.
JAB Holding Company SARL
Praise
Criticism
Information
Tier 6 in farm animal welfare rankings
The Business Benchmark on Farm Animal Welfare (BBFAW) 2023 Report ranks global food companies on their farm animal welfare policies, practices and performance. This company appeared in tier 6, "No evidence on the business agenda", with tier 1 being the best, and tier 6 the worst.
Source: BBFAW
(2023)
1/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 1/100 in the Diversified Financial Services and Capital Markets category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global
(2021)
Climate action commitments
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
Source: We Mean Business
(2021)
About the company
This article about Coty's failed 2012 bid to buy Avon discusses the history of Joh A Benckiser and its owners, the Reimann family, one of Europe's wealthiest and most private families.
Source: news article
(2012)
Company Details
Type:
Public company
Founded:
2020
Revenue:
6.9 billion EUR
(2019)
Employees:
21,255
(2019)
Subsidiaries:
Jacobs Douwe Egberts BV
Coffee
In 2014 Mondelez combined its coffee business with JAB Holdings controlled DE Master Blenders 1753 to create Jacobs Douwe Egberts, the world's second largest coffee company after Nestle. Merged with Peet's Coffee in 2020 to become JDE Peet's.
Thirty Second Bean Company Pty Ltd
Coffee roasters
Founder Will Young opened a cafe in Sydney in 1997, and bought Campos Coffee in 2002, which has expanded massively under his leadership. Acquired Sydney organic coffee company the Sacred Grounds in 2019. In 2020 Woolworths began stocking their products. Acquired by international coffee giant JDE Peet in 2021.
Jacobs Douwe Egberts AU Pty Ltd
Coffee & tea
In 2014 Mondelez combined its coffee business with DE Master Blenders 1753 to create Jacobs Douwe Egberts, the largest 'pure play' coffee company in the world. Mondelez received 3.8 billion euros in cash and a 44 percent stake in the new company. Products available in over 80 countries.