Retail, franchising and property
30% owned by co-founder and chairman, Gerry Harvey. 195 franchised complexes (trading as Harvey Norman, Domayne and Joyce Mayne) in Australia and 90 Harvey Norman stores overseas in New Zealand, Malaysia, Singapore, Slovenia, Croatia, Ireland and Northern Ireland.
|Harvey Norman Holdings Limited||AUS||website|
|Harvey Norman Holdings Limited|
Signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation.
Source: Australian Packaging Covenant (2020)
This company received an S&P Global ESG Score of 10/100 in the Retailing 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)
This 2013 report by The Australian Council of Superannuation Investors (ACSI) investigates the labour and human rights risks in supply chain sourcing. This company is identified on page 21 as a company which sources products from countries with known systemic labour and human rights concerns.
Source: ACSI (2013)
This company has been criticised for irresponsible advertising. In 2011 the Advertising Standards Bureau upheld complaints about a TV ad by this company on the grounds that it breached advertising codes. The ad was subsequently discontinued or modified.
Source: Advertising Standards Bureau (2011)
Named and shamed in the 2020 CHOICE Shonky Awards for signing customers up for high-interest Latitude credit cards right there in the store without properly checking how suitable the card is for them. Choice calls Latitude Finance one of Australia's most predatory finance companies.
Source: Choice (2020)
Harvey Norman was fined $1.25 million for misleading advertising in Dec 2011, following action taken by the Australian Competition and Consumer Commission (ACCC).
Source: news article (2011)
Harvey Norman removed Summit merchandise from all its stores in Oct 2013 in response to allegations that Summit, a supplier of sporting goods was secretly using children to stitch rugby league footballs.
Source: Sydney Morning Herald (2013)
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 100 largest listed companies on the Australian Stock Exchange (ASX100). This company ranked #81 of 100 companies.
Source: Monash University (2021)
|Revenue||3.4 billion AUD (2019)|
|Address||A1 Richmond Rd, Homebush West, NSW, 2140, Australia|
Products / BrandsHarvey Norman
Domayne Electronics Stores
Domayne Homewares Stores
Harvey Norman Electronics Stores
Harvey Norman Homewares Stores