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Vesco Foods

OVERALL

Owned
HKG
Rating
Criticism, some praise

Frozen food manufacturing

Founded in 1974. Acquired by Hong Kong private equity firm PAG in 2022.

Company Ownership

Vesco Foods Pty Ltd   AUS     website   email      
  PAG   
   owns 100% of Vesco Foods Pty Ltd  
HKG     website   email      

Investment firm

Founded as Pacific Alliance Group in 2002. Investment partner operating in Asia with US$50 billion of assets under management. Australian investments include Craveable Brands (Red Rooster and Oporto), Patties Foods, Vesco Foods, The Cheesecake Shop, Cordina Farms, Australian Venue Co and Rex.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Vesco Foods Pty Ltd
Environment Palm oil free products
Some, but not necessarily all, of this company's frozen food products are palm oil free. For more details, follow the link to see Borneo Orangutan Survival Australia's list of products which manufacturers have told them are palm oil free or contain segregated certified sustainable palm oil.
Source: BOS Australia (2020)
Business Ethics Sustainability claims
This company has claims on its website in the areas of sustainability and community involvement.
Source: company website (2018)
Social Modern Slavery disclosure quality
Human Rights Law Centre's 2021 report, "Paper Promises? Evaluating the early impact of Australia's Modern Slavery Act", examines statements submitted to the Government's Modern Slavery Register by 102 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 31-40% range. The average score was 37% and the highest score was 83%.
Source: Human Rights Law Centre (2021)
PAG
Business Ethics Part owned by Blackstone, which has criticisms
This company is part owned and backed by Blackstone, which has an overall Shop Ethical rating of 'F'.
Source: Shop Ethical (2021)
Business Ethics ESG claims
This company has environment, social and governance claims on its website under the headings investment principles, approach and transparency & reporting.
Source: company website (2022)
Business Ethics UN Principles for Responsible Investment signatory
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. UNPRI is a voluntary agreement.
Source: UNPRI (2022)

> About the Icons

Company Details

Type Private company
Founded 1974
Revenue 196 million AUD (2020)
Employees 630 (2021)
Aus Manufacturing Yes

Contact Details

Address 14 Neil St, Osbourne Park, WA, 6017, Australia
Phone 08 9273 6100
Freecall 1800 099 033
Email generalenquiries@vescofoods.com.au
Website www.vescofoods.com.au

Products / Brands

Vesco Foods
Annabel Karmel Baby Food
Annabel Karmel Frozen Meals/Pizza
Lean Cuisine Frozen Meals/Pizza
On The Menu Frozen Meals/Pizza
Super Nature Frozen Meals/Pizza


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