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Vitasoy Australia

OVERALL

Owned
HKG
Rating
Praises, some criticism

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 2023 Vitasoy International exercised an option to take full control of the business. Operates one production facility in Wodonga, VIC.

Company Ownership

Vitasoy Australia Products Pty Ltd   AUS     website   email   facebook   
  Vitasoy International Holdings Ltd   
   owns 100% of Vitasoy Australia Products Pty Ltd  
HKG     website   email      

Beverage makers, especially soymilk

Production facilities located in Hong Kong, China, Australia and the USA.

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
Vitasoy Australia Products Pty Ltd
Social 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
Social CDP Water Security Score of B
In 2022, 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 (2022)
Business Ethics 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)
Environment 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)
Social 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)
Animals 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)
Business Ethics 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)
Environment CDP Forests Score of C
In 2022, 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 C.
Source: CDP (2022)
Environment CDP Climate Change Score of C
In 2022, 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 (2022)
Business Ethics 47/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 47/100 in the Food Products category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 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)

> About the Icons

Company Details

Type Joint venture
Founded 1996
Aus Manufacturing Yes

Contact Details

Address 5 Queens Rd, Melbourne, VIC, 3000, Australia
Freecall 1800 677 852
Website www.soy.com.au

Products / Brands

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


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