Foshan Haitian Flavoring and Food Co., Ltd.

Foshan, China

Foshan Haitian Flavoring and Food Co., Ltd. is a leading Chinese food company specializing in the production of flavorings and condiments, known for its innovative range of products aimed at enhancing culinary experiences. With a focus on quality and consumer preferences, the company aims to expand its market presence globally, including a prospective listing in Hong Kong.

CCI Score

-39.68

0.03% April 18

Latest Event

Failure to Address Forced Labor in Supply Chain

A benchmark report from KnowTheChain reveals that Foshan Haitian Flavoring and Food Co., Ltd. discloses no information about measures to address forced labor risks in its supply chains, resulting in a last-place ranking in transparency benchmarks.

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TOADIE

Foshan Haitian Flavoring and Food Co., Ltd. is currently rated as a Toadie.

-30 to -44 CCI Score

Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

JAN

01

2023

Failure to Address Forced Labor in Supply Chain
-59.60

A benchmark report from KnowTheChain reveals that Foshan Haitian Flavoring and Food Co., Ltd. discloses no information about measures to address forced labor risks in its supply chains, resulting in a last-place ranking in transparency benchmarks.
-75

Supply Chain Ethics

April 3

The report indicates that the company fails to disclose any efforts to mitigate forced labor risks in its supply chains. This lack of transparency raises serious ethical and human rights concerns, contributing to a negative evaluation from an anti-fascist, worker rights perspective.

Foshan Haitian Flavouring and Food Co. Ltd. - KnowTheChain
JAN

01

2023

Foshan Haitian Receives $10M Government Subsidy
-23.84

In 2023, Foshan Haitian Flavouring and Food Company Ltd. disclosed in its stock exchange filings that it received approximately USD 10 million in government subsidies, underscoring its financial linkage with state-supported economic mechanisms.
-30

Economic Collaboration

April 3

The receipt of significant government subsidies ties Foshan Haitian directly to a state apparatus known for authoritarian practices. In an authoritarian regime such as China's, state financial support can reinforce the government's control over business activities and contribute to economic practices that suppress opposition and concentrate power. This financial engagement is concerning from an anti-fascist perspective, as it bolsters the state's structural influence over the economy.

China: Government subsidies for listed company Foshan Haitian Flavouring and Food Company Ltd. in year 2023
NOV

02

2022

Soy Sauce Scandal: Double Standards in Product Quality
-35.61

Foshan Haitian Flavoring and Food Co., Ltd. faced a major scandal over allegations that it produced soy sauce with different formulations for its domestic and international markets. The controversy, which led to an $8 billion drop in its share price, has raised serious concerns about the company’s ethical business practices and has been compared to previous 'apartheid foods' controversies.
-50

Business Practices and Ethical Responsibility

April 3

The company is accused of applying a double standard in product formulations by using inferior, additive-laden ingredients for its domestic market compared to its overseas products. This practice undermines consumer trust and ethical responsibility, highlighting a significant lapse in business practices.

The soy sauce scandal and why it’s important
-40

Economic and Structural Influence

April 3

The scandal's significant economic impact, including an $8 billion decline in share price, underscores the broader economic and structural risks associated with unethical business practices. Such economic fallout can erode market stability and exacerbate inequality, indirectly fostering conditions favorable to authoritarian exploitation.

The soy sauce scandal and why it’s important