Kraft Heinz
OVERALL |
|
Owned |
USA |
Rating |
![]() |
Food and beverages
Formed in 2015 when Heinz and Kraft merged, creating the 3rd largest food and beverage company in North America and the 5th largest food and beverage company in the world, with eight $1 billion+ brands.
Company Ownership
Kraft Heinz Company | USA | website | ||||
Berkshire Hathaway Inc ![]() owns 27% of Kraft Heinz Company |
USA | website | ||||
Conglomerate The world's 3rd richest man, Warren Buffett, owns about a quarter of the company. Berkshire Hathaway owns stakes of $1 billion or more in many companies including American Express, The Coca-Cola Company, Procter & Gamble, Sanofi, Wells Fargo, and IBM. Acquired half of Heinz in 2013. | ||||||
3G Capital ![]() owns 20% of Kraft Heinz Company |
BRA | website | ||||
Private equity firm The firm has offices in New York City and Rio de Janeiro. Bought Burger King in 2010 and 50% of Heinz in 2013 (with Berkshire Hathaway buying the other 50%). Brazil's richest man, Jorge Paulo Lemann, is among the firm's backers and is also on the board of directors of the world's largest beer company, AB Inbev. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Kraft Heinz Company | ||||
In 2020, 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 (2020)
In 2020, 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 B-.
Source: CDP (2020)
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2020)
The 2020 Business Benchmark on Farm Animal Welfare (BBFAW) report ranks global food companies on how they are managing and reporting their farm animal welfare policies and practices. This company appeared in tier 3, "Established but work to be done", with tier 1 being the best, and tier 6 the worst.
Source: BBFAW (2020)
This company received an S&P Global ESG Score of 62/100 in the Food Products 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) |
CDP's 2019 Consumer Deforestation Report 'No wood for the trees' analyses action against deforestation by 22 consumer goods companies by scale and commodity use. Kraft Heinz ranked third last.
Source: CDP (2019)
This company sources palm oil from at least 20 of the 25 dirty palm oil producers identified in the 2018 Greenpeace report "The Final Countdown". In addition to deforestation, the 25 individual cases in the report include evidence of exploitation and social conflicts, illegal deforestation, development without permits, plantation development in areas zoned for protection and forest fires linked to land clearance.
Source: Greenpeace (2018)
This company received a score of 9.1/100 (retrieved 10-Oct-2020) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
Source: IPE (2020)
The 2019 Corporate Human Rights Benchmark assessed 200 of the largest publicly traded companies in the world from the Agricultural Products, Apparel, Extractives and ICT Manufacturing sectors on 100 human rights indicators. This company's score was in the 10-20 band range. The overall average score was a disappointing 24%.
Source: CHRB (2019)
This company is named and shamed in IBFAN's 2017 report, 'Breaking the Rules, Stretching the Rules 2017', evidence of violations of the International Code of Marketing of Breastmilk Substitutes, compiled from June 2014 to June 2017. The report covers 792 Code violations from 79 countries and by 28 companies.
Source: IBFAN (2017)
The Access to Nutrition Index (ATNI) is a global initiative that evaluates the world's largest food and beverage manufacturers on their policies, practices and performance related to undernutrition and obesity. Of the 22 companies ranked this company came last.
Source: Access to Nutrition Foundation (2018)
In 2019 the median pay for a worker at this company was US$42,689. The CEO was paid 1,034 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Source: AFL-CIO (2020)
This company received a score of 3.6/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soy, beef, leather, timber and paper). This company received a score of 24%.
Source: Forest 500 (2020)
In 2018 volunteers collected and catalogued more than 187,000 pieces of trash from beach cleanups around the world to find out which corporations are contributing the most to the global plastic pollution problem. While not in the top 10, this company ranked as one of the world's worst plastic polluters.
Source: #breakfreefromplastic (2018)
As You Sow's 2020 report, Waste and Opportunity, ranks companies on plastic packaging pollution. The study measures the progress of 50 large companies in the beverage, quick-service restaurant, consumer packaged goods, and retail sectors on six core pillars where swift action is needed to reduce plastic pollution: 1) Packaging Design, 2) Reusable Packaging, 3) Recycled Content, 4) Packaging Data Transparency, 5) Support for Recycling, and 6) Producer Responsibility. This company received a grade of D-
Source: As You Sow (2020)
Over the last 60 years farming has become dependent on the intensive use of chemicals. As You Sow's 2019 report, Pesticides in the Pantry, examines the growing risks posed by the use of synthetic pesticides in agricultural supply chains to food manufacturers, and scores companies on their efforts to reduce pesticide use in their supply chains. Scores ranged from 18 to 0, with an average score of 6.1. This company received a score of 2/30.
Source: As You Sow (2019)
In 2020/21 KnowTheChain benchmarked over 180 large global companies in the ICT, Food & Beverage, and Apparel & Footwear sectors on their efforts to address forced labour and human trafficking in their supply chains. This company received a score of 21/100.
Source: KnowTheChain (2021)
As You Sow's 2021 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Miguel Patricio came in at number 6 on the list, having been paid US$43,297,480 in 2020. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Source: As You Sow (2021)
In 2019 the US Commodity Futures Trading Commission (CFTC) said that Kraft Heinz and Mondelez International will pay $16m in penalty regarding a wheat manipulation case that dates back to 2015. The CFTC said Kraft and Mondelez came up with a strategy to purchase and stand for delivery on more than 3,000 futures contracts, priced at about $90m, to send the market a false signal that the companies had demand for wheat. The lawsuit was filed by wheat futures and options traders who accused Kraft and Mondelez of illegally manipulating the grain's price at their expense.
Source: news article (2019)
Kraft Heinz is 27% owned by Warren Buffet's Berkshire Hathaway, who get an 'F' rating.
Source: Shop Ethical (2015) |
This company has products rated RED in the Centre for Food Safety's True Food Shopper's Guide (USA). Products on the RED list contain ingredients that come from the most common GE crops (corn, soy, canola, cotton). Companies with products on this list have confirmed that their products may have or are likely to be made with GE ingredients, or have not denied using GE foods when given the opportunity to do so.
Source: Center for Food Safety (USA) (2013)
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 (2020)
This company is listed on the RSPCA Australia website as 'cage-free and proud', signifying a commitment to source 100% cage-free eggs by 2025. Essentially cage-free means barn laid, which is better than cage eggs, but still much worse than free-range or organic eggs when it comes to animal welfare.
Source: RSPCA Australia (2020)
This company is a member of How2Recycle. The How2Recycle Label is a voluntary, standardized labeling system that clearly communicates recycling instructions to the public. It involves a coalition of forward thinking brands who want their packaging to be recycled and are empowering consumers through smart packaging labels. Companies must be a member of the program to use the How2Recycle Label.
Source: How2Recycle (2020)
The WWF Palm Oil Buyers Scorecard 2019 assesses 173 companies on the commitments they have made, and the actions they have taken, to ensure that there is no destruction of nature including no deforestation along their supply chains; and support a responsible and sustainable palm oil industry beyond their own supply chain. This company is rated 'middle of the pack' with a score of 10.8 out of a possible total of 22.
Source: WWF Palm Oil Buyers Scorecard 2019 (2019)
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: Modern Slavery Registry (2017)
Friends of the Earth's 2014 report "Tiny Ingredients, Big Risks" names Heinz as one of over 200 transnational food companies engaged in nanotechnology research and development, and on their way to commercializing products. New studies are adding to a growing body of scientific evidence indicating nanomaterials may be toxic to humans and the environment.
Source: FOE (2014)
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2016)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2021 rankings the public identified 19 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 310th of 928 companies, and 13th of 35 Food, Beverage & Tobacco companies.
Source: JUST Capital (2020) |
Company Details
Type | Public company |
Revenue | US$26 billion in 2018 |
Employees | 38,000 in 2018 |
Subsidiaries | HJ Heinz Company Australia Ltd ![]() Food manufacturing Heinz began production in Australia in 1935. Bought Golden Circle in 2008 and Cerebos in 2018. In 2015 Heinz merged with Kraft, becoming Kraft Heinz. - Cerebos (Australia) Ltd ![]() Food and beverage manufacturer In 2017 Kraft Heinz bought this company from Japanese beverages giant Suntory for $290 million. - Golden Circle Ltd ![]() Fruit and Vegetable Processing Golden Circle was bought by US food giant Heinz in Dec 2008. |
Contact Details
Address | Pittsburgh, Pennsylvania, USA |
Website | www.kraftheinzcompany.com |
Products / Brands
Kraft Heinz
ABC Soy/Asian Sauce ABC Asian |
Kraft Heinz Australia