Aspen
Pharmaceutical manufacturer
Based in South Africa, Aspen are Africa's largest pharmaceutical manufacturer, and the ninth largest pharmaceutical company in the world. Aspen has businesses in Australia, India, South Africa, the United Kingdom and a start-up operation in the United States. Products available in more than 150 countries. GlaxoSmithKline acquired a 19% stake in 2009, which it reduced to 12% in 2013, and further reduced to 6% in 2015.

Overall

Owned ZAF
Rating C
About the Ratings
Aspen Pharmacare Holdings Ltd
ZAF

Company Assessment

Aspen Pharmacare Holdings Ltd
Praise
In 2023, 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 B.
Source: CDP (2023)
In 2023, 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 (2023)
Criticism
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2022 and received a score of 6.5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
The 2022 Nature Benchmark ranks 400 companies across eight industries on their efforts to protect our environment and its biodiversity. The companies were assessed using three measurement areas: governance and strategy; social inclusion and community impact; and ecosystems and biodiversity. This company ranked #184/400, with a total score of 15.6/100.
Information
This company is named and shamed in IBFAN's 2017 report, 'Breaking the Rules, Stretching the Rules 2017', evidence of violations of the International Code of Marketing of Breastmilk Substitutes (BMS), compiled from June 2014 to June 2017. The report covers 792 Code violations from 79 countries and by 28 companies. [Listed under Information due to age of report]
Follow the link to view relevant documents which support this company's sustainability claims.
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.
This company received an S&P Global ESG Score of 42/100 in the Pharmaceuticals category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 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.

Company Details

Type:
Public company
Revenue:
2.8 billion USD (2014)
Employees:
8,200 (2014)
Subsidiaries:
Aspen Asia Pacific Pty Ltd
Pharmaceuticals
Aspen commenced operations in Australia in May 2001 and since then has acquired many established brands of medicines. They operate four manufacturing plants in Australia. Bought the Sigma pharmaceuticals business in 2011, taking over the Herron brand. Aspen acquired a portfolio of 25 products from GSK for the Australian market in 2012. Sold Herron to Perrigo in 2014.

Contact Details

Address:
Johannesburg, South Africa
Website:
www.aspenpharma.com

Products / Brands