Good Food Partners
Cereal and snacks manufacturer
Previously Diver Foods. This Arnott's business unit was created in 2021 from KKR's bolt-on acquisitions of Diver Foods and Freedom Foods. One of Australia's largest manufacturers of cereal and snacking products. Diver Foods founder Chris Diver owns a 25% stake.
|Good Food Partners Pty Ltd||AUS||website|
| Arnott's Biscuits Ltd
owns 75% of Good Food Partners Pty Ltd
| Kohlberg Kravis Roberts & Co LP
owns 100% of Arnott's Biscuits Ltd
|Good Food Partners Pty Ltd|
|No assessment data currently available for Good Food Partners Pty Ltd|
|Arnott's Biscuits Ltd|
This company received the highest packaging performance level of 5 (Beyond Best Practice) 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)
Greenpeace's Reenergise campaign ranks Australia's biggest electricity using companies on their commitments and actions regarding renewable energy use. This company has: not committed to powering their operations by 100% renewable electricity by 2030; not signed a power purchase agreement (PPA) to buy power from a wind or solar project; not invested in on-site solar.
Source: Greenpeace (2021)
The WWF Palm Oil Buyers Scorecard 2019 assesses 173 companies on the commitments they have made, and the actions they have taken, to ensure that there is no destruction of nature including no deforestation along their supply chains; and support a responsible and sustainable palm oil industry beyond their own supply chain. This company failed to respond to WWF's requests for information.
Source: WWF Palm Oil Buyers Scorecard 2019 (2019)
In 2015 the ACCC ordered this company to pay penalties totalling $51,000 for alleged misleading claims about the saturated fat content of its Shapes Light & Crispy product. Arnott's also provided a court enforceable undertaking to the ACCC.
Source: ACCC (2015)
Named and shamed in the 2014 CHOICE Shonky Awards. Arnott's peanut butter flavoured Tim Tam earned an award, because, according to Choice, it contained no peanuts (with paprika being a surprising inclusion) and because the pack contained fewer biscuits and weighed 35g less, despite maintaining the same price and package size.
Source: Choice (2014)
Named and shamed in the 2015 CHOICE Shonky Awards for the "school canteen - meets amber guidelines" claim emblazoned on packs of Arnott's Tiny Teddies. Arnott's did the approving all on its own, despite the fact that Tiny Teddies wouldn't pass the National Healthy School Canteen guidelines.
Source: Choice (2015)
Some, but not necessarily all, of this company's products are palm oil free, or contain segregated certified sustainable palm oil (CSPO). For more details, follow the link to see Borneo Orangutan Survival Australia's list of products which manufacturers have told them are palm oil free or contain segregated certified sustainable palm oil.
Source: BOS Australia (2020)
This company is a signatory to the Responsible Children's Marketing Initiative (RCMI), which is managed by the Australian Food & Grocery Council and covers products found in retail outlets. Companies that have signed up to the initiative commit to: only advertising healthier choices to children and encouraging a healthy lifestyle through good diet and physical activity; not paying for or seeking product placement television programs, editorial content or interactive games aimed at children, unless the product is a healthier choice; not advertising and marketing to children in Australian schools unless they are asked to by those schools.
Source: AFGC (2019)
Arnott's announced on 29 Oct 2010 that it will source ethical cocoa that has not been made with the use of child labour for all of its chocolate-based products, including the iconic Tim Tam biscuit, after being the target of a public campaign by World Vision earlier in the year.
Source: World Vision Australia (2010)
This company is listed on the RSPCA Australia website as 'cage-free and proud', signifying a commitment to source 100% cage-free eggs. Essentially cage-free means barn laid, which is better than cage eggs, but still much worse than free-range or organic eggs when it comes to animal welfare.
Source: RSPCA Australia (2020)
The Arnott's Foundation is the charitable arm of Arnott's Biscuits Ltd. Supported projects include Camp Quality, Foodbank, Driver Reviver and Fairy Sparkle.
Source: company website (2020)
This company has Corporate Social Responsibility claims on its website in the areas of limiting emissions to the water, air and land, and the efficient use of resources. Also available are policy statements regarding sustainable palm oil and sustainable cocoa.
Source: company website (2020)
|Kohlberg Kravis Roberts & Co LP|
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 (2021)
Forest 500 identifies the 350 companies and 150 financial institutions with the greatest exposure to tropical deforestation risk, and annually assesses them on the strength and implementation of their deforestation and human rights commitments. This financial institution received a score of 0%.
Source: Forest 500 (2021)
In 2005, Toys "R" Us was purchased in a US$6.6 billion leveraged buyout by private equity firms Bain Capital, KKR, and Vornado Realty Trust. While Toys "R" Us' revenues remained steady over the next 13 years - US$11.1 billion in sales in 2017 - the retailer was saddled with debt it couldn't repay. By 2007, 97% of the company's operating income was consumed by interest, which left the company unable to upgrade technology or evolve its business model. The heavy debt load eventually led Toy "R" Us to file for bankruptcy in 2018. The company liquidated in June of 2018 and closed their remaining 800 stores. Over 33,000 employees of the company lost their jobs and their severance payments in bankruptcy court. The PE companies controlling the Toys "R" Us bankruptcy refused buyers that would have saved thousands of jobs and instead chose liquidation to maximize the financial extraction. The private equity firms that owned Toys "R" Us collected more than $470 million in fees and interest from the retailer over the ownership period, while a total of 64,000 jobs were lost.
Source: United 4 Respect (2019)
This company received an S&P Global ESG Score of 15/100 in the Diversified Financial Services and Capital Markets category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). 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 (2021)
On 29 June 2015 the U.S. Securities & Exchange Commission charged this company with misallocating more than US$17m in 'broken deal' expenses to its flagship private equity funds in breach of its fiduciary duty. KKR agreed to pay nearly US$30m to settle the charges, including a penalty of US$10m.
Source: US SEC (2015)
In 2014, this company, together with other private equity firms Blackstone and TPG, agreed to pay US$325m to settle a lawsuit that accused seven private equity groups of conspiring to fix the prices of some of the world's biggest leveraged buyouts.
Source: Financial Times (2014)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2022 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 632nd of 954 companies, and 27th of 33 Capital Markets companies.
Source: JUST Capital (2022)
This investigative report by China Labour Watch reveals how KKR turns a blind eye to the human impact of the massive production outsourced by Dollar General and other companies in its portfolio. CLW Executive Director Li Qiang states that DG has 'the worst labor performance in China of all major US retailers'. [Listed under Information due to age of report]
Source: China Labor Watch (2009)
This company received a score of 10/100 in the Newsweek Green Rankings 2016, 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 (2016)
This company has environmental, social and governance (ESG) claims on its website.
Source: company website (2016)
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: Modern Slavery Registry (2016)
|Revenue||96 million AUD (2020)|
|Address||73 Monash Drive, Dandenong South, VIC, 3175, Australia|
|Freecall||1800 569 366|
Products / BrandsGood Food Partners
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