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KB Food Co

OVERALL

Owned
CHN
Rating
Praises, some criticism

Seafood

Est 1926. Operates in all levels of seafood supply chain, including catching, processing, marketing, importing and exporting. Chinese investment company Legend Holdings acquired a 90% stake in 2016 for $180 million.

Company Ownership

KB Seafoods Pty Ltd   AUS     website   email      
  Legend Holdings Corporation   
   owns 100% of KB Seafoods Pty Ltd  
CHN     website         

Investment holding company

Controlling shareholder of Lenovo, with a 30.6% stake.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
KB Seafoods Pty Ltd
Environment 3/5 for packaging performance
This company received a packaging performance level of 3 (Advanced) in its 2022 APCO Annual Report. Australian Packaging Covenant Organisation (APCO) is a not-for-profit organisation leading the development of a circular economy for packaging in Australia. Each year, APCO Members are required to submit an APCO Annual Report and Action Plan, which includes an overall performance level from 1 (Getting Started) to 5 (Beyond Best Practice).
Source: APCO (2022)
Social Misleading labelling
In 2015 the ACCC ordered this company to pay penalties totalling $10,800 for alleged misleading claims about the manufacturing process used to produce its frozen 'Just Caught Prawn Meat'. The packaging represented to consumers that the prawns were caught, processed and packaged in Australia, when the prawns were actually packed and processed in Thailand.
Source: ACCC (2015)
Environment MSC certified products
This company sells products which are certified by the Marine Stewardship Council.
Source: MSC (2022)
Business Ethics Sustainability claims
This company has sustainability claims on its website.
Source: company website (2022)
Social Modern Slavery statement
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website (2020)
Social Modern Slavery disclosure quality
Human Rights Law Centre's 2022 report, "Broken Promises: Two years of corporate reporting under Australia's Modern Slavery Act", examines statements submitted to the Government's Modern Slavery Register by 92 companies sourcing from four sectors with known risks of modern slavery: garments from China, rubber gloves from Malaysia, seafood from Thailand and fresh produce from Australia. Modern slavery statements are analysed to see if they comply with the mandatory reporting requirements, identify or disclose obvious modern slavery risks, and demonstrate effective actions to address risks. This company's modern slavery disclosure statement received a rating in the 41-60% range. The average score was 44% and the highest score was 89%.
Source: Human Rights Law Centre (2022)
Legend Holdings Corporation
Business Ethics Part owned by the Chinese govt
This company is 29% owned by the Chinese Academy of Sciences, a major Chinese state-owned enterprise.
Source: Wikipedia (2021)
Business Ethics CSR claims
This company has CSR claims on its website, particularly in the areas of assisting start-ups, supporting education, and advocating for social justice.
Source: company website (2015)

> About the Icons

Company Details

Type Subsidiary
Employees 420 (2019)

Contact Details

Address 23 Catalano Road, Canning Vale, WA, 6155, Australia
Phone 08 9455 8500
Email info@kailisbros.com.au
Website www.kbfoodco.com.au

Products / Brands

KB Food Co
Just Caught Frozen Fish
KB's Finger Food
KB's Frozen Fish


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