Beverage makers, especially soymilk
Production facilities located in Hong Kong, China, Australia and the USA.
Company Assessment
(Last updated Mar 2024)
Praise
Criticism
Information
Vitasoy International Holdings Ltd
Praise
Criticism
Information
CDP Water Security score of B
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)
Global 100
The 2024 Global 100 Most Sustainable Corporations in the World list by Corporate Knights is based on a rigorous assessment of nearly 7,000 public companies with revenue over US$1 billion. All companies are scored on sustainable revenue and investment, gender and racial diversity, CEO pay versus employee average, CEO bonuses based on sustainability performance, taxes paid and contributions to employee pensions. This company ranked #93 in the Global 100, with an overall score of C.
Source: Corporate Knights
(2024)
CDP Forests score of D-
In 2023, 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 D-.
Source: CDP
(2023)
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)
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)
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)
Supply chain practices in China
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 37.96/100 (retrieved 24 Nov 2023).
Source: IPE
(2023)
CDP Climate Change score of C
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 C.
Source: CDP
(2023)
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)
Company Details
Type:
Public company
Founded:
1940
Revenue:
928 million USD
(2020)
Employees:
126
(2020)
Subsidiaries:
Vitasoy Australia Products Pty Ltd
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.