Factors Group Australia

Certified B Corporation
Headquarters

New South Wales, Australia

Certified Since

May 2019

Industry

Pharmaceutical products

Sector

Wholesale/Retail

Operates In

Australia

Factors Group Australia is the Australian branch of a Canadian-owned company specialising in the research and development, manufacturing, and distribution of high-quality nutritional supplements. Factors Group is one of North America's largest manufacturers and distributors of natural supplements, producing a wide range of tested, trusted and effective vitamins, minerals, herbal remedies, and other supplements. Factors Group is a vertically integrated company, with certified organic farmland in Canada and vast manufacturing facilities allowing us to be able to produce and manufacture products from seed to shelf. They have a genuine commitment to sustainable and traceable raw material sourcing and manufacturing with over 600 acres of certified organic farmland in Canada’s Okanagan Valley, and whenever possible they grow their own plant-based ingredients. Factors Group Australia consists of the Bioclinic Naturals practitioner-only range of supplements, in addition to providing contract manufacturing services to many respected companies within the Australian complementary medicine industry.

Overall B Impact Score

Based on the B Impact assessment, Factors Group Australia earned an overall score of 81.9. The median score for ordinary businesses who complete the assessment is currently 50.9.
81.9
81.9 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 8.8

The Governance Impact Area evaluates a company's overall mission, engagement around its social and environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement2.0
Corporate Accountability0.1
Ethics1.5
Transparency2.7
+ Mission Locked2.5

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Workers 23.9

The Workers Impact Area evaluates a company's contributions to its employees' financial security, health and safety, wellness, career development, as well as overall engagement and satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Compensation & Wages7.3
Benefits8.6
Training & Education1.0
Worker Ownership0.4
Management & Worker Communication2.0
Job Flexibility/Corporate Culture2.3
Occupational Health & Safety1.1

Community 18.3

The Community Impact Area evaluates a company's engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity, and inclusion; economic impact; civic engagement; charitable giving; and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Job Creation2.8
Diversity & Inclusion1.0
Civic Engagement & Giving2.9
Local Involvement2.2
Suppliers, Distributors & Product9.1

Environment 21.1

The Environment Impact Area evaluates a company's overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company's operations and, when applicable, its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Land, Office, Plant5.2
Inputs4.9
Outputs1.0
Transportation, Distribution & Suppliers3.2
+ Toxin Reduction / Remediation6.6

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Customers 9.5

The Customers Impact Area evaluates a company's stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts and media products, serving underserved customers or clients, and services that improve the social impact of other businesses or organizations.

+ Health & Wellness Improvement9.5
+ Serving in Need Populations0

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.



Previous Overall B Impact Scores

2019 Overall B Impact Score81.9

Additional Documentation

Factors Group Australia.Assessment.2018


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