Blackmores develops, sells and markets health products for humans and animals, including over 250 vitamins, herbal and mineral nutritional supplements. The company also offers a range of naturopathic services. Blackmores operates through four segments: Australia, China (in-country), Other Asia, BioCeuticals and Other. Headquartered in Warriewood, Australia, the company has over 800 employees.
Blackmores embeds sustainability into its business by focusing its efforts in four key areas: Responsible Facilities Management, Industry Leadership, Sustainable Supply Chain Management and People & Community. The company recently developed an environmental management system for its facilities and has increased the amount of waste diverted from landfill from 43% to 71%. Additionally, Blackmores recycles water via rooftop collection systems and has implemented several other conservation initiatives. The company partners with the World Wildlife Fund for Nature and has a Global Seafood Charter which commits it to obtain fish oil from certified sources and to fund a fishery improvement project. Blackmores has also removed 96% of the tuna oil from its Australian and New Zealand products. The company is a founding signatory of the Australian Packaging Covenant, a government, industry and community initiative to find more sustainable packaging solutions. Blackmores has drafted a Supplier Code of Conduct to improve supply chain responsibility, too. The company hosts an annual community day, raises millions for charities and encourages its employees to participate in philanthropic activities.
Blackmores does not disclose nor set goals for its key performance indicators. Additionally, the company has yet report the standards enforced in its Supplier Code of Conduct.
Industry: Consumer Staples
To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/2016 and may not reflect current opinions or subsequent events.