Infant formula
Formerly Biostime. Hong Kong listed Chinese dietary supplements and infant formula producer. Acquired 83% of Swisse in 2015.
Company Assessment
(Last updated Nov 2024)
Praise
Criticism
Information
Health and Happiness (H&H) International Holdings Ltd
Praise
Criticism
Information
Certified B Corp with score of 92.3
Certified B Corporations, or B Corps, are companies verified by B Lab to meet high standards of social and environmental performance, transparency, and accountability. The B Impact Assessment measures a company's practices and outcomes in five areas: governance, workers, community, the environment, and customers. This company has a B Impact Score of 92.3 and has held B Corp Certification since October 2024. The median score for businesses is 50.9, with a score of 80 required for B Corp Certification.
Source: B Lab
(2024)
Palm oil rating - WAZA
The PalmOil Scan app, produced by the World Association of Zoos and Aquariums (WAZA), rates companies on their commitment to sourcing sustainable palm oil. Companies are scored on their use of certified sustainable palm oil (CSPO), commitment to sourcing CSPO, on-the-ground conservation action, and membership to the RSPO. Companies can earn a rating of Excellent, Good, Poor or No Commitment. This company is rated "No Commitment" (retrieved 18 Nov 2023).
Source: WAZA
(2023)
20.4% in BMS Marketing Index
The BMS Marketing Index 2024 assesses how well companies making breast-milk substitutes (BMS) are following international guidelines for marketing their products. The Index aims to ensure marketing practices don't discourage breastfeeding. This company scored 20.4%. The highest score was 37% and the average score was a disappointing 10%.
Price fixing in China
In 2013 Chinese authourities fined six companies including this one, a total of US$110 million following an investigation into price fixing and anti-competitive practices by foreign baby formula makers.
Source: news article
(2013)
MAIF signatory
This company is a signatory to the Manufacturers and Importers Agreement 1992 (MAIF), a voluntary self-regulatory code of conduct between the manufacturers and importers of infant formula in Australia. The MAIF Agreement aims to contribute to the provision of safe and adequate nutrition for infants, by the protection and promotion of breastfeeding and by ensuring the proper use of breast milk substitutes, when they are necessary, on the basis of adequate information through appropriate marketing and distribution.
Sustainability Consortium member
This company is a member of The Sustainability Consortium, an organization of diverse global participants that work collaboratively to build a scientific foundation that drives innovation to improve consumer product sustainability. They develop transparent methodologies, tools, and strategies to drive a new generation of products and supply networks that address environmental, social, and economic imperatives.
Source: Sustainability Consortium
(2019)
Biostime China Foundation for Mother & Child
The BIOSTIME China Foundation for Mother & Child was established in 2007 in partnership with the Red Cross Sociaty of China.
Source: company website
(2015)
Company Details
Type:
Public company
Employees:
3,300
(2015)
Subsidiaries:
Swisse Wellness Pty Ltd
Health supplements
Founded in 1969. Acquired by Hong Kong-based H&H Group (formerly Biostime) in 2015 for AU$1.67 billion.
Contact Details
Products / Brands
Swisse
Biostime
Baby Formula
Evidin
Vitamins
Swisse
Skin Care
Swisse
Vitamins
Swisse
Mens Grooming
Swisse
Sports Nutrition