Pharmaceuticals, health care and animal health care products manufacturer
The Company's major divisions include Wyeth Pharmaceuticals, Wyeth Consumer Healthcare and Fort Dodge Animal Health. Bought by Pfizer in 2009 for US$68 billion.
| Pfizer Inc
owns 100% of Wyeth Corporation
This company is named and shamed in IBFAN's 2014 report, 'Breaking the Rules, Stretching the Rules 2014', a weighty collection of evidence showing non-compliance with the International Code of Marketing of Breastmilk Substitutes and subsequent WHA resolutions. The Report covers 27 companies with 813 violations in 81 countries.
[Source 2014][More on Irresponsible Marketing]
This company appeared ninth on RepRisk's top ten "most environmentally and socially controversial companies of 2012". Companies on the list were severely criticised during 2012 by the world's media, governments and NGOs. Criticisms of Wyeth include multiple lawsuits over its pharmaceutical products, illicit payments to
medical practitioners, bribery and anti-competitive practices.
[Source 2013][More on Human Rights]
As well as their irresponsible marketing and selling of baby milk formula, Wyeth also manufactures the benzodiazepine tranquilliser, Ativan and is one of the companies which has been criticised for not warning doctors of it's possible addictiveness, and therefore of the need to prescribe it for short periods only. (Noted here as 'additional information only' due to age of report).
[Source x][More on Irresponsible Marketing]
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
[Source 2017][More on Workers Rights]
This company received a score of 61.7/100 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 2016][More on Sustainability Reporting]
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 2017 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 2017][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 2015][More on Animal Testing]
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 "Heavy Hitters", a list of the 100 biggest givers 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 74 on the list, with donations totalling $23,210,934 between 1989 and 2016.
[Source 2016][More on Politics]
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]
Green America's Responsible Shopper provides details about the corporate responsibility records of well-known companies. Follow the link to see this company's profile. [Last updated 2009]
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||US$17.4 billion in 2004|
|# Employees||51,401 in 2004 in World|
|Address||Five Giralda Farms, Madison, NJ, 7940, USA|
|Phone||xxxx-973 660 5000|
Products / Brands
Pfizer buys Wyeth
15th Oct 2009 — Pfizer Inc. acquired Wyeth in a US$68 billion deal. Wyeth is now a wholly owned subsidiary of Pfizer Inc., the world's largest research-based pharmaceutical company. Both companies are based in USA. [source]