Vitasoy Australia

OVERALL
Owned	HKG
Rating

Soymilk producers

Vitasoy started in Hong Kong in 1940 and first came to Australia in 1996 when Vitasoy started a joint venture with National Foods, which later became part of Lion Dairy & Drinks. Bega Cheese took over as joint venture partner when they acquired Lion Dairy & Drinks in 2021. In 2022 Vitasoy International announced its intention to exercise its option to take over full ownership. Operates one production facility in Wodonga, VIC.

Company Ownership

Vitasoy Australia Products Pty Ltd	AUS	website	email	facebook
Vitasoy International Holdings Ltd       owns 51% of Vitasoy Australia Products Pty Ltd	HKG	website	email
Beverage makers, especially soymilk Production facilities located in Hong Kong, China, Australia and the USA.
Bega Dairy and Drinks Pty Ltd       owns 49% of Vitasoy Australia Products Pty Ltd	AUS	website	email
Dairy & drinks manufacturer One of Australia's largest dairy companies (formerly known as National Foods). Acquired Australian dairy companies Dairy Farmers in 2008, Lactos in 2006, and King Island Dairy in 2002, plus juice company Berri in 2005. Owned by Lion/Kirin from 2007 until 2021, when Bega Cheese took over ownership.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Vitasoy Australia Products Pty Ltd
		Workers rights On 15 Oct 2011, Vitasoy factory workers at Wodonga, who had held two 24-hour strikes, accepted a new enterprise bargaining agreement after their union gained some concessions from management, including a 12% pay increase over 3 years, and improved rights for casual workers. Source: NUW (2011)
Vitasoy International Holdings Ltd
CDP Water Security Score of B In 2021, 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: CDP (2021) Global 100 The 2022 Global 100 Most Sustainable Corporations in the World list is based on a rigorous assessment of nearly 7,000 public companies with revenue over US$1 billion. All companies are scored on environmental, social, governance and economic metrics relative to their peers, with 50% of the weight assigned to Clean Revenue and Clean Investment. This company ranked #45 in the Global 100, with an overall score of B-. Source: Corporate Knights (2022) 61/100 S&P Global ESG Score This company received an S&P Global ESG Score of 61/100 in the Food Products 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)	Supply chain practices in China This company received a score of 4.7/100 (retrieved 10-Oct-2020) 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: IPE (2020) CDP Forests Score of D In 2021, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts towards removing commodity-driven deforestation and forest degradation from its direct operations and supply chains. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Forests Score of D. Source: CDP (2021)	Workers rights Vitasoy International refuses to recognise the right of their Hong Kong workers to form a union and bargain collectively. Both the National Union of Workers (Australia) and the International Union of Foodworkers are calling on Vitasoy to recognise the Hong Kong workers' fundamental human rights as recognised by the ILO. Source: NUW (2011) VegSoc approved products This company has products which carry the Vegetarian Society Seeding Symbol, the only legally registered trademark for vegetarian accreditation. Source: VegSoc (2019) Sustainability claims This company has sustainability claims on its website under the headings plant-based nutrition, materiality assessment, governance, sustainability framework, and reporting. Source: company website (2021) CDP Climate Change Score of C In 2021, 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 C. Source: CDP (2021)

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Products / Brands

Vitasoy some products certified organic  Soy/Plant Milk Vitasoy Flavoured Milk Vitasoy Yoghurt