Itochi's Australian office was established in 1957, buying and exporting wool. Later they expanded into trading other commodities such as iron ore, uranium and coal, grains, wood chips and foodstuffs, and chemical products. Investor in Victoria's desalination plant.
|ITOCHU Australia Ltd||AUS||website|
| ITOCHU Corporation
owns 100% of ITOCHU Australia Ltd
|ITOCHU Australia Ltd|
|No assessment data currently available for ITOCHU Australia Ltd|
This company received a SAM Rank of 100/100 in the Trading Companies & Distributors category of the 2018 SAM Corporate Sustainability Assessment. The index is 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 2018][More on Sustainability Reporting]
In 2018, 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 2018][More on Climate Change]
In 2018, 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 2018][More on Human Rights]
One of Japan's largest trading companies, it has been closely involved with tropical forest logging for decades, directly and through affiliates. Among other things, Itochu continues to import copy paper from APP which is sourced from Sumatra's last remaining low-land primary forests.
[Source x][More on Forests]
Marubeni-Itochu is a joint venture company between two Japanese companies, Marubeni and Itochu. Marubeni-Itochu's subsidiary in Burma, Myanma Steel Industries Co., Ltd, supplies steel tubulars to the gas industry in Burma. Gas revenues are a major source of revenue for the Burmese regime, supplying over $2.7 billion in 2006. Itochu maintains an office in Rangoon.
[Source x][More on Human Rights]
Maid in India', a 2012 report by two Dutch NGOs (SOMO and ICN) revealed how workers in the South Indian garment and textile industry continue to suffer exploitative working conditions while making garments for Western brands. While some recent improvements have been made, thousands of girls work under recruitment and employment schemes that amount to bonded labour. This company was shown to be sourcing from one or more of the four garment manufacturers investigated, and failed to respond to a review request. [Listed under Information due to age of report]
[Source 2012][More on Workers Rights]
This company has signed a letter of intent (https://bit.ly/2rdBlwn) to participate in the New Alliance for Food Security and Nutrition, which claims will lift 50 million people in Africa out of poverty by 2022. But according to a 2015 report by ActionAid, the scheme will benefit multinational companies at the expense of small-scale farmers and is likely to increase poverty and inequality in Africa. Launched in 2012, the New Alliance provides aid money from rich countries like the US and the UK, and helps big business invest in the African agricultural sector. But in return, African countries are required to change their land, seed and trade rules in favour of big business. The New Alliance will: Make it easier for big corporations to grab land in Africa: Prevent farmers from breeding, saving and exchanging seeds: Heavily promote chemical fertilisers and pesticides, which increase farmers risk of debt as well as damaging the environment and farmers' health: Replace family farms with low paid, insecure jobs; and Prevent countries from restricting crop exports, even at times of domestic shortage.
[Source 2015][More on Finance]
This company is a member of the World Cocoa Foundation (WCF), an international membership organization representing more than 100 member companies across the cocoa value chain. WCF is committed to creating a sustainable cocoa economy through economic & social development and environmental stewardship in cocoa-growing communities.
[Source 2019][More on Multi-Stakeholder Initiatives]
This company received a score of 55.9/100 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 2017][More on Sustainability Reporting]
|Company Structure||Wholly-owned subsidiary|
|Revenue||$437 million in 2009|
|# Employees||38 in 2009 in Australia|
|Company Ranking||224 in top 2000 Australian companies|
|Address||Level 29 Grosvenor Place, 225 George St, Sydney, NSW, 2000, Australia|
|Phone||02 9239 1500|
|Fax||02 9241 3955|