Eye care and pharmaceuticals
Company Ownership
Bausch Health Australia Pty Ltd
AUS
Bausch & Lomb Inc
owns 100% of Bausch Health Australia Pty Ltd
USA
Eye care and pharmaceutical products manufacturer
Bausch & Lomb has three product lines: Vision Care, Surgical, and Pharmaceuticals. Acquired by Valeant for US$8.7b in 2013.
Bausch Health Companies Inc
owns 100% of Bausch & Lomb Inc
CAN
Research based pharmaceuticals manufacturer
Founded in 1960. Acquired Biovail in 2010, iNova Pharmaceuticals in 2011 (which it sold in 2017) and Bausch & Lomb in 2013. Changed its name from Valeant Pharmaceuticals to Bausch Health in 2018.
Company Assessment
(Last updated Aug 2024)
Praise
Criticism
Information
Bausch Health Australia Pty Ltd
No assessment data currently available for Bausch Health Australia Pty Ltd.
Bausch & Lomb Inc
Praise
Information
Criticism
Animal Testing
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: PETA
(2022)
CDP Climate Change score of D
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 D.
Source: CDP
(2023)
CDP Water Security score of D
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 D.
Source: CDP
(2023)
Modern Slavery statement
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website
(2021)
Bausch Health Companies Inc
Praise
Information
Criticism
$1.2b settlement with investors
In 2021 this company reached a US$1.2 billion settlement with investors who saw the company's stock price plummet from more than $250 a share in 2015 to below $10 two years later. The investors alleged that the securities were artificially inflated due to the concealment of Valeant's "unsustainable and deceptive" price gouging practices wherein Valeant acquired pre-existing drugs, some of them life-saving medicines, and then dramatically raised prices to boost short-term profitability. The settlement is the largest securities class action settlement ever against a US pharmaceutical manufacturer.
Source: RGRD Law
(2021)
8.8% in Nature Benchmark
The Nature Benchmark ranks 816 companies across 20 industries on their efforts to protect our environment and its biodiversity. Companies were assessed in three phases between 2022 and 2024 using three measurement areas: governance and strategy; social inclusion and community impact; and ecosystems and biodiversity. This company was assessed in 2022 and is ranked #559/816, with a total score of 8.8/100.
CDP Climate Change score of D
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 D.
Source: CDP
(2023)
4/20 in Social Benchmark
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 4/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
Fined for insider trading
In 2017 this company agreed to pay $US96.25 million to settle an insider-trading suit over their attempt to buy the pharmaceutical firm and Botox maker Allergan in 2014.
Source: news article
(2017)
22/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 22/100 in the Pharmaceuticals category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 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)
Deceptive practices
In 2021 this company agreed to pay US$23 million to settle a class action lawsuit that claimed it secretly controlled a network of pharmacies, causing health insurance funds to pay out more than they should have. The plaintiffs alleged many of the Valeant drugs had less expensive generic equivalents or near equivalents, and if they had realised that the prescriptions were all coming from one Valeant-controlled pharmacy network, they would have refused to pay for the branded drugs and insisted on substitution of the less expensive generics or other substitutes.
Source: Top Class Actions
(2021)
Bausch Foundation
The Bausch Foundation was established in 2017 to improve the lives of patients globally by providing access to safe, effective medicines and by financially supporting health care education and causes around the world. The Foundation supports initiatives aimed at disease prevention, improving patient outcomes and lives, and education related to our core businesses. Additionally, it supports disaster recovery efforts and the underserved in the communities in which we live and work.
Source: company website
(2020)
Modern Slavery statement
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Source: company website
(2018)
58.1% in Newsweek Green Rankings 2016
This company received a score of 58.1/100 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: Newsweek
(2016)
Company Details
Type:
Wholly-owned subsidiary
Employees:
80
(2021)
Contact Details
Address:
Level 2, 12 Help St, Chatswood, NSW, 2067, Australia
Freecall:
1800 251 150
Website: