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iNova

OVERALL

Owned
AUS
Rating
Praises, some criticism

Pharmaceutical company

This company has had a number of ownership changes in recent years. In 2018 it was acquired by Sydney-based Pacific Equity Partners and global giant The Carlyle Group for US$930 million.

Company Ownership

iNova Pharmaceuticals (Australia) Pty Ltd   AUS     website   email      
  Pacific Equity Partners Pty Ltd   
   owns 50% of iNova Pharmaceuticals (Australia) Pty Ltd  
AUS     website   email      

Private equity firm

Current investments include Hoyts. Other interests include areas such as fast food, food, finance and vacuum cleaners.

  The Carlyle Group Management LLC   
   owns 50% of iNova Pharmaceuticals (Australia) Pty Ltd  
USA     website         

Private equity firm

Ranked as the largest private equity firm in the world in 2015. Bought Accolade Wines in 2018.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
iNova Pharmaceuticals (Australia) Pty Ltd
Environment Australian Packaging Covenant signatory
Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation.
Source: Australian Packaging Covenant (2020)
Business Ethics Part owned by Carlyle, which has criticisms
This company is part owned by Carlyle, which has numerous criticisms and an overall Shop Ethical rating of 'F'.
Source: Shop Ethical (2020)
Environment Use of plastic microbeads
This company uses microbeads in some of its personal care products. These particles are not retained by wastewater treatment so end up in the ocean. While microbeads aren't thought to be a health hazard to consumers, they are a threat to the marine environment.
Source: Beat the Microbead (2014)
Social Breaching advertising codes
In 2012, 2011 and 2010 the Therapeutic Goods Administration's Complaints Resolution Panel upheld complaints about ads by this company on the grounds that they breached advertising codes. The Panel requested this company withdraw the ads and not to use representations in the ads again.
Source: TGA Complaints Resolution Panel (2012)
Pacific Equity Partners Pty Ltd
Business Ethics Political donations
According to the democracyforsale.net website, this company donated $126,750 to Australia's major political parties between 2012 and 2018, as disclosed to the Australian Electoral Commision (AEC).
Source: Democracy For Sale (2018)
Business Ethics Investment criteria
This company states on its website that in general they do not invest in gambling or tobacco related businesses.
Source: company website (2016)
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 (2020)
The Carlyle Group Management LLC
Social 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: Human Rights Campaign (2020)
Social 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: Cluster Munition Coalition (2017)
Social Defense & Military
The Carlyle Group has investments in several businesses which provide products and services to the US military.
Source: company website (2018)
Business Ethics Bottom 10% at JUST Capital
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 Bottom 10% of 928 companies, and 33th of 35 Capital Markets companies.
Source: JUST Capital (2020)
Business Ethics 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: Newsweek (2015)
Business Ethics 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: ICAN (2018)
Social Gender equality
This company appears on the 2021 Bloomberg Gender-Equality Index, signifying a commitment to supporting gender equality through policy development, representation, and transparency.
Source: Bloomberg (2021)
Business Ethics Citizenship claims
This company has citizenship claims on its website in the areas responsible investing, governance, environmental stewardship and social responsibility.
Source: company website (2018)

> About the Icons

Company Details

Type Wholly-owned subsidiary

Contact Details

Address Level 10, 12 Help St, Chatswood, NSW, 2067, Australia
Freecall 1800 630 056
Email customerservice@inovapharma.com
Website www.inovapharma.com

Products / Brands

iNova
Dermaveen Skin Care
Dermaveen Shampoo
Difflam Lozenges
Difflam Cold & Flu
Glucodin Energy Drinks
Invisible Zinc Sunscreen
Kynd Vitamins
Nyal Cold & Flu
Nyal Lip Care
Reef Sunscreen
Salvital Digestive Care
Skin Basics Skin Care
Stop Itch Antiseptic


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