Operates predominantly in manchester retailing, with over 160 stores across Australia and 6 in New Zealand.
This company received a packaging performance level of 3 (Advanced) in its 2022 APCO Annual Report. 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).
Source: APCO (2022)
This company received an S&P Global ESG Score of 11/100 in the Retailing category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 16 Dec 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)
In 2017 this company paid a $66,000 fine after the Australian Securities and Investments Commission issued an infringement notice alleging the company had not complied with disclosure obligations. The company allegedly failed to notify the ASX that its 2017 full-year guidance would be materially lower than market expectations.
Source: SBS (2017)
Modern slavery disclosure is a critical step in mitigating the risk associated with modern slavery practices in companies' operations and supply chains. The quality of the disclosure signals the level of commitments and efforts that the companies have put in managing these risks. In 2021 the Monash Centre for Financial Studies analysed and ranked the disclosure quality of the modern slavery statements submitted by the 300 largest listed companies on the Australian Stock Exchange (ASX300). This company's modern slavery disclosure statement received a grade of E.
Source: Monash University (2021)
In 2006 Adairs acknowledged that the 100% goose down content claims it made for its 'Downtime' brand down quilts may have been false and liable to mislead consumers and may contravene the TPA. ACCC testing of two 'Downtime' brand down quilts showed that the quilts contained in the range of 70% - 86% goose down, significantly less than the represented 100%.
Source: ACCC (2006)
This company has Environment and Ethical Sourcing claims on its website in the areas of environment, ethical sourcing, modern slavery and other sustainability initiatives. Adairs also publish its corporate governance policies online, and supports Orange Sky, an organisation helping the homeless.
Source: company website (2021)
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: company website (2021)
|Revenue||344 million AUD (2019)|
|Address||2 International Court, Scoresby, VIC, 3179, Australia|
|Freecall||1800 990 475|
Products / BrandsAdairs
Adairs Homewares Stores