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Campbell Soup Company

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Corporate Statistics
Campbell Soup Company logo
Worker Rights Human Rights Political Influence Environmental Business Ethics

Not Yet Rated

Campbell Soup Company

1 Campbell Place Camden NJ USA
08103
856-342-4800 ext 2225
http://www.campbellsoupcompany.com

Type:

Public NYSE: CPB

The company is the world's biggest soup maker; its almost 70% share in the US is led by chicken noodle, tomato, and cream of mushroom. The company also makes Franco-American sauces and canned pasta, Godiva chocolates, Pace picante sauce, Pepperidge Farm baked goods, and V8 beverages. Overseas the company is the leading soup seller in Europe with brands including Oxo, Erasco, and Royco. Its Australian business is a major snack food company along with its Arnott's biscuit brand. Descendants of John Dorrance, who invented condensed soup, own approximately 43% of Campbell.

Contents

[edit] Criticisms

[edit] Environmental / Health Concerns

  • In the US, Campbell Soup continues to market unlabeled GMO (Genetically Modified Food) products to children such as Goldfish crackers and Spaghetti-Os Source: True Food Now
  • Campbell Soup donated over $52,000 to defeat Oregon’s Measure 27, which would require the labeling of all GMO food products sold in that state. Source: Food Chemical News, November 4, 2002
  • U.S. consumer and environmental groups urged Campbell Soup Co. to stop using gene-spliced ingredients in its soups, breads, juices, and other products. Greenpeace, Friends of the Earth, the Centre for Food Safety, and four other groups said they aimed to pressure companies to stop using bioengineered food. Campbells, which licensed the first genetically modified food -- the FlavrSavr tomato -- engineered for longer shelf life, is the first company targeted by the coalition. In Europe, Campbell sells little, if any, bioengineered food. Source: Reuters, July 20, 2000

[edit] Business Ethics Violations

  • Campbell Soup is listed in a Government Accounting Office database of more than 900 publicly traded companies that have restated their financial results because of accounting irregularities since the beginning of 1997. Campbell Soup was listed for a 2001 restatement for revenue recognition related issues. Source: Government Accounting Office

[edit] Praise

  • Campbell Soup has a non-discrimination policy that includes sexual orientation. Source: Human Rights Campaign
  • In October 2003 Campbell's announced that it would begin selling organic tomato juice. Tomatoes for the juice are grown from Campbell-developed seeds at certified-organic farms in California. A company spokesperson said that Campbell's will monitor sales of the organic juice before deciding whether to market other products made from produce grown without pesticides. Source: Associated Press, Oct. 15, 2003

[edit] Brands and Subsidiaries

  • Pace sauce, Pepperidge Farm, Prego sauce, Swanson, V8 juice, Franco-American, SpaghettiOs, Arnott's biscuits (Australia)[1]
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