Pharmaceuticals manufacturer and distributor
Pfizer have been operating in Australia since 1956. They operate three manufacturing plants in Australia.
|Pfizer Australia Pty Ltd||AUS||website|
| Pfizer Inc
owns 100% of Pfizer Australia Pty Ltd
|Pfizer Australia Pty Ltd|
A Medicines Australia Code of Conduct meeting in June 2012 ruled that Pfizer breached advertising regulations when the company released "community service announcements" in mainstream newspapers in response to a surge in patients reporting they had been told Lipitor (atorvastatin) was no longer available. The company was fined $50,000.
[Source 2012][More on Irresponsible Marketing]
Pfizer's controversial arrangement with the Pharmacy Guild of Australia to pay dispensing pharmacists for signing up consumers to support programs has been broadly criticised for various reasons. The company's smoking cessation treatment Champix (generic name varenicline) has a controversial history and is known to cause a range of side effects including nausea, insomnia, abnormal dreams, headache, constipation and even suicidal behaviour.
[Source 2011][More on Product Safety]
In 2013 and 2012 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 2013][More on Irresponsible Marketing]
This company received a score of 2.5/100 (retrieved 14-Feb-2018) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
[Source 2018][More on Habitats]
This company appears on Global Exchange's list of "Most Wanted" Corporate Human Rights Violators (Alums) for killer price-gouging.
[Source 2017][More on Human Rights]
As You Sow's 2018 report, Mining the Disclosures, is a deep analysis of 206 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was below 40% (Weak).
[Source 2018][More on Human Rights]
In 2011 Pfizer experimented on nearly 50,000 animals in its own laboratories and many more in experiments in contract testing laboratories.
[Source 2012][More on Animal Rights]
This company appears on PETA's (People for the Ethical Treatment of Animals, USA) 'Companies That Do Test On Animals' list, signifying that they manufacture products that are tested on animals at some stage of development.
[Source 2018][More on Animal Testing]
This company received a score of 38.3/100 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]
In 2009 Pfizer copped the largest US criminal fine ever (US$2.3 billion), in the settlement of allegations that it had illegally marketed its painkiller Bextra and other drugs. Pfizer also faces lawsuits over other drugs, namely Reglan, Zoloft and Effexor.
[Source 2009][More on Governance]
This company received the 14th highest score in the Access to Medicine Index 2016, a ranking of the world's 20 largest pharmaceutical companies on their efforts to increase access to medicine in developing countries.
[Source 2016][More on Human Rights]
In August 2012 Pfizer agreed to pay a US$60 million court settlement after allegedly bribing foreign officials in Europe and Asia to speed up drug approvals, and give preference to Pfizer drugs in their countries' public health programs, which in turn generated billions of dollars for the world's largest drug company.
[Source 2012][More on Governance]
This company is on OpenSecrets.org's list of the 100 top donor organisations in US federal-level politics since 1989. Companies on this list lobby and spend big, with large sums sent to candidates, parties and leadership PACs. This company comes in at number 81 on the list, with donations totalling US$25,518,846 between 1989 and 2018.
[Source 2018][More on Politics]
A 2018 report by Oxfam shows that four pharmaceutical corporations, including this one, systematically hide their profits in overseas tax havens. This activity could deprive developing countries of more than $100 million every year. These corporations deploy massive influencing operations to rig the rules in their favor and give their damaging behavior a veneer of legitimacy. Tax dodging, high prices, and influence peddling by drug companies exacerbate the yawning gap between rich and poor, between men and women, and between advanced economies and developing ones.
[Source 2018][More on Finance]
In 1992, Greenpeace listed a Pfizer plant as one of the ten worst polluters in the South East of England. The plant had breached its discharge consent four times since the beginning of 1991 and also discharged ten chemicals for which it did not have a permit, including organochlorines. Pfizer was the target of a Greenpeace campaign in 1988 for dumping industrial waste in Eire, and a US group listed Pfizer as one of the top fifteen corporate contributors to global pollution, based on 1987 figures. (Noted here as 'additional information only' due to age of report).'
[Source x][More on Habitats]
As You Sow's 2016 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Ian Read came in at number 66 on the list, having been paid US$23,283,048 in 2014. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
[Source 2016][More on Finance]
This company is listed on the Federal Contractor Misconduct Database as having 11 instances of misconduct since 1995 amounting to US$3.4 billion in penalties. Instances include illegal marketing, false claims, and whistleblower retaliation.
[Source 2014][More on Governance]
Named one of Multinational Monitor's '10 Worst Corporations' in 2006. [Listed under Information due to age of report]
[Source 2006][More on Governance]
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
[Source 2017][More on Climate Change]
Compassion in World Farming is a UK-based organisation which works with the European food industry to encourage and reward commitment, transparency, performance and innovation in the field of animal welfare. This company's UK subsidiary won their Good Egg Award in 2012.
[Source 2012][More on Animal Rights]
The United Nations Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of 10 values in the areas of human rights, labour standards, the environment, and anti-corruption. However it's non-binding nature has been widely criticised, and many signatory corporations continue to violate the Compact's values.
[Source x][More on Sustainability Reporting]
The California Transparency in Supply Chains Act of 2010 (SB 657) requires companies operating in California to disclose their efforts to eradicate slavery and human trafficking from their direct supply chains. KnowTheChain.org has examined this company's disclosure statement and concluded that it addresses the majority of SB 657 requirements. Follow the link to see this company's disclosure statement.
[Source 2013][More on Workers Rights]
The Corporate Research Project's Corporate Rap Sheets are dossiers summarising the most significant crimes, violations and other questionable activities of the world's largest and most controversial companies. Follow link to see this company's Corporate Rap Sheet.
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
|Company Structure||Wholly-owned subsidiary|
|Revenue||$1.3 billion in 2009|
|# Employees||1,200 in 2014|
|Address||38-42 Wharf Rd, West Ryde, NSW, 2114, Australia|
|Phone||02 9850 3333|
|Fax||02 9858 1347|
Products / BrandsPfizer Australia
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De-Gas Digestive Care
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