Place the shredded green cabbage in a bowl. Add in the peanuts, shredded carrots, chopped fresh cilantro and Italian parsley, and green onions.
Prepare the dressing by whisking the peanut butter, soy sauce, rice vinegar, honey, water and Hoisin sauce together until smooth.
Pour the dressing over the vegetables and peanuts. Toss to coat all the vegetables well.
Serve.