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Nudie

OVERALL

Owned
PHL
Rating
Criticisms

Juice processors

Founded by Tim Pethick in Sydney in 2002. Pethick left the company in 2005. Acquired by Monde Nissin in Feb 2015.

Company Ownership

Nudie Foods Australia Pty Ltd   AUS     website   email   facebook   twitter
  Monde Nissin (Australia) Pty Ltd   
   owns 100% of Nudie Foods Australia Pty Ltd  
AUS     website   email      

Food manufacturer

Acquired Australian dip manufacturer Black Swan in 2014, juice maker Nudie in Feb 2015, dip maker Menora Foods in Mar 2015, and international meat-substitute firm Quorn Foods in Oct 2015.

      Monde Nissin Corporation   
       owns 100% of Monde Nissin (Australia) Pty Ltd  
PHL     website   email   facebook   twitter

Food company

Founded by Betty Ang in the Philippines in 1980. One of the Philippines top 100 companies. The company holds around 60% of the Filipino instant noodles market, and 30% of the biscuits market. Acquired Australian dip manufacturer Black Swan in 2014, juice maker Nudie in Feb 2015, dip maker Menora Foods in Mar 2015, and international meat-substitute firm Quorn Foods in Oct 2015. Became a public company in 2021.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Nudie Foods Australia Pty Ltd
Business Ethics Founders fined for tax evasion
In Nov 2016 Nudie Juice's founding family, the Binetters, were ordered to repay $125 million to the Australian Taxation Office following the wrap-up of a long-running offshore tax evasion inquiry. According to a Federal Court ruling, the family members stashed millions of dollars of undeclared money in Swiss and Israeli accounts, and paid an Israeli lawyer to destroy documents relating to their accounts. The $125m includes tax, penalties, interest and liquidation costs. Michael and Andrew Binetter were also found to have breached their duties as directors.
Source: news article (2016)
Monde Nissin (Australia) Pty Ltd
Environment Palm oil free products
Some, but not necessarily all, of this company's biscuit 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)
Environment APCO member
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). This company received a packaging performance level of 2 (Good Progress) in its 2022 APCO Annual Report.
Source: APCO (2022)
Animals Monkey-free coconuts
Monkeys in Thailand are kept chained, trained using abusive methods, and forced to climb trees to pick coconuts used for coconut milk, oil, and other products. This company has policies of sourcing from farms where no monkey labour is used.
Source: PETA Asia (2020)
Business Ethics No tax paid in 2019-20
According to data released by the Australian Tax Office in Jan 2022, this company was one of many local and foreign-based companies that paid no tax in Australia in 2019-20. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons.
Source: ATO (2022)
Monde Nissin Corporation
Business Ethics 12/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 12/100 in the Food Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 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)
Environment Unsustainable palm oil use
This company scores Ethical Consumer's worst rating for their use of palm oil, signifying they are using no or minimal certified palm products, and with no or minimal positive commitments.
Source: Ethical Consumer (2022)
Social Labour dispute in the Philippines
In 2018 members of Monde Nissin Labor Association built a protest camp outside one of this company's manufacturing plants in the Philippines, demanding the regularization of employees and reinstatement of dismissed workers.
Source: Bulatlat (2018)
Business Ethics Sustainability claims
This company has a number of Sustainability claims on its website. Follow the link for details.
Source: company website (2021)

> About the Icons

Company Details

Type Private company
Aus Manufacturing Yes

Contact Details

Address 77 Corish Circle, Eastgardens , NSW, 2036, Australia
Freecall 1800 466 8343
Email nudie@nudie.com.au
Website www.nudie.com.au

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