Accolade Wines

OVERALL
Owned	USA
Rating

Alcoholic beverages, especially wine

The largest wine company by volume in Australia and the UK. Previously known as Constellation Brands. CHAMP Private Equity acquired 80 per cent of the business for $290 million in Dec 2010. Acquired by the Carlyle Group in 2018 for $1 billion.

Company Ownership

Accolade Wines Australia Ltd	AUS	website	email
The Carlyle Group LP       owns 100% of Accolade Wines Australia Ltd	USA	website
Private equity firm Ranked as the largest private equity firm in the world in 2015. Bought Accolade Wines in 2018.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Accolade Wines Australia Ltd
Australian Packaging Covenant signatory Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation. [Source 2020][More on Packaging]		Political donations According to the democracyforsale.net website, this company donated $70,000 to Australia's major political parties between 2012 and 2018, as disclosed to the Australian Electoral Commision (AEC). [Source 2018][More on Politics] DrinkWise contributor This company makes voluntary contributions to DrinkWise Australia, a not-for-profit organisation established in 2005 by the alcohol industry, whose stated goal is to help bring about a healthier and safer drinking culture in Australia. [Source 2015][More on Irresponsible Marketing] Sedex member This company is a member of the Supplier Ethical Data Exchange (Sedex), a not-for-profit, membership organisation that leads work with buyers and suppliers to deliver improvements in responsible and ethical business practices in global supply chains. Tens of thousands of companies use Sedex to manage their performance around labour rights, health & safety, the environment and business ethics. [Source 2018][More on Multi-Stakeholder Initiatives] 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 2017][More on Human Rights] No tax paid in 2016/7 According to data released by the Australian Tax Office in Dec 2018, this company was one of 2,159 local and foreign-based companies that paid no tax in Australia in 2016-17. 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 2018][More on Finance]
The Carlyle Group LP
100% on Corporate Equality Index This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America. [Source 2019][More on Workers Rights]	Financing cluster munitions producers The 2017 update to the report entitled "Worldwide Investments in Cluster Munitions: a Shared Responsibility" identifies 166 banks and other financial institutions with financial links to cluster munitions producers. This bank is listed in the report's Hall of Shame for having investments in one or more of the 6 cluster munitions producers named in the report between 1 June 2013 to 17 March 2017. [Source 2017][More on Military] Defense & Military The Carlyle Group has investments in several businesses which provide products and services to the US military. [Source 2018][More on Military] 10.0% in Newsweek Green Rankings 2015 This company received a score of 10/100 in the Newsweek Green Rankings 2015, 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 2015][More on Sustainability Reporting] Financing nuclear weapons producers The 2018 update of the International Campaign to Abolish Nuclear Weapons' (ICAN) global report, "Don't Bank on the Bomb" showed that 329 financial institutions from around the world invested into 20 companies involved in the production, maintenance and modernization of nuclear weapons. Since 2014 this financial institution invested over US$5 million into 1 of the 20 nuclear weapons producers named in the report. [Source 2018][More on Nuclear]	Citizenship claims This company has citizenship claims on its website in the areas responsible investing, governance, environmental stewardship and social responsibility. [Source 2018][More on Sustainability Reporting]

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Related News

CHAMP buys Constellations Wines Australia
27th Dec 2010 — (FOREIGN >> AUST) USA based Constellation Brands, the world's largest winemaker, has agreed to sell 80 per cent of its Australian and UK business to Australian private equity firm, CHAMP, for about $290 million.  [source]