In April 2020 Ethical Consumer searched The Nature's Bounty website and found that some supplement products were listed as being "non-GMO" but not all. There was a search filter under View All Products, Dietary Restrictions that allowed you to select "I'm Non GMO" and limited the selection of products available. This implied that other products contained GMOs (genetically modified organisms). The company lost half a mark under Controversial Technologies.

Reference:

www.naturesbounty.com (22 April 2020)

In April 2020 Ethical Consumer viewed the lobbying information website, opensecrets.org, which stated that in the 2020 election cycle KKR was connected to donations of $631,189 in political contributions to both Democrats and Republicans. NOTE: The organization itself did not donate, rather the money came from the organization's PACs, their individual members or employees or owners, and those individuals' immediate family members. Organizations themselves cannot contribute to candidates and party committees. Totals include subsidiaries and affiliates.
It had also spent $1,560,000 on lobbying in the 2020 cycle. 25 out of 34 KKR & Co lobbyists in 2019 have previously held government jobs.
As a result the company lost a whole mark under Political Activities.

Reference:

Open Secrets generic ref 2020 (2020)

According to the organisation's website bilderbergmeetings.org, viewed by Ethical Consumer in April 2020, Petraeus, David H. (USA), Chairman, KKR Global Institute, had been a participant at the 2019 Bilderberg Meeting. The Bilderberg Group was regarded by Ethical Consumer as an international corporate lobby group which exerted undue corporate influence on policy-makers in favour of market solutions that were potentially detrimental to the environment and human rights.

Reference:

www.bilderbergmeetings.org/index.html (27 February 2019)

In November 2020 Ethical Consumer viewed the Coty inc page on the information website opensecrets.org. Coty was listed as having given $22,124 to US political parties during the 2020 election cycle, to Democrats. As this was relatively low and to not more than one party, it was not marked down. The website noted that "Organizations themselves cannot contribute to candidates and party committees. Totals include subsidiaries and affiliates." No spending was listed for lobbying.
This reference is for information only.

Reference:

Open Secrets generic ref 2020 (2020)

In April 2020 Ethical Consumer viewed KKR & Co Inc's annual filing form 10-K to the US Securities and Exchange Commission. According to the executive compensation table, the following total payments were made to executives in 2019:

Henry R Kravis: $40,122,617
George R Roberts: $40,165,377
Joseph Y Bae: $34,972,589
Scott C Nuttall: $35,212,129
William J Janetschek: $2,251,426
David J Sorkin: $6,461,433

Ethical Consumer considered payments over £1 million to be excessive. KKR therefore lost half a mark under Anti-Social Finance.

Reference:

SEC Filing Form 10-K (2019) (December 2019)

Since 2016 Nature's Bounty no longer filed on sec.gov.
According to the 2016 annual 10k filing with the US Securities and Exchange Commission the company paid two of its executives over $1.5million: Steven Cahillane earned over $6.5million and Brian Wynne over $2.5million. Ethical Consumer deemed any annual salary over $1.5 million per year was excessive. The company therefore lost half a mark under the Anti-Social Finance category.

Reference:

homepage (16 February 2017)

In November 2020 Ethical Consumer viewed the Coty Inc's compensation table in the company's DEF 14A SEC filing with the SEC, US. It stated that the CEO, Pierre Laubies, receieved $21,660,857 in 2020. Five other staff members were also shown to have been paid over $4 million in 2020. Ethical Consumer deemed any remuneration over £1million to be excessive.

As a result, Coty Inc lost half a mark under Anti-Social Finance.

Reference:

Generic ref 2020 (27 February 2020)

In April 2020 Ethical Consumer viewed KKR's SEC Filing Form 10-K (Exhibit 21.1) for the year ending December 2019. It contained a list of subsidiaries. The vast majority of these, numbering in their hundreds, were located in jurisdictions which Ethical Consumer considered to be tax havens. Including Delaware (US), Singapore, Hong Kong, Luxembourg, Mauritious, Ireland, Jersey and the Cayman Islands. Many of these were also high risk company types (namely holding companies) for the likely use of tax avoidance. For example:

8 Sigma Capital Holdings Pte. Ltd. (Singapore)
EIGF TE GP Resource Holdings GP I LLC (Delaware)
KKR CIP Holdings Limited (Cayman Islands)
KKR Europe V Holdings Limited (Cayman Islands)
KKR Europe V Holdings LLC (Delaware)
Furthermore the companies UHC was incorporated in Delaware despite being headquartered in New York.

An internet search using the search terms “KKR tax policy statement country” found no country-by-country financial information or reporting (CBCR).
The company did have a UK Tax Strategy Statement dated December 2019. It stated "KKR analyses, and may avail itself of, tax incentives or exemptions to the extent they may be available in a particular case in order to mitigate tax expense to the extent legally possible in order to enhance value to KKR’s investors and shareholders. However, even where tax incentives or exemptions may be available, KKR still may not pursue them to the extent their use may carry with it significant reputational risk to KKR’s investors or shareholders, or KKR, or if there would be a risk of damaging KKR’s relationship with HMRC". This was not considered to be clear public tax statement confirming that it was this company’s policy not to engage in tax avoidance activity or to use tax havens for tax avoidance purposes as well as a narrative explanation for what each group entity located in a tax haven was for, and why it was not being used for purposes of tax minimisation.

Given that KKR had its UHC, as well as multiple high risk company types, located in jurisdictions on Ethical Consumer's tax haven list and no country-by-country financial information, nor adequate policy statement and narrative explanation, the company received Ethical Consumer's worst rating for likely use of tax avoidance strategies and lost a whole mark under Anti-Social Finance.

Reference:

SEC Filing Form 10-K (2019) (December 2019)

A report published by Citizens for Tax Justice in October 2016 criticized US tax policy on large multinational corporations. Many multinational corporations used accounting tricks to pretend for that a substantial portion of their profits were generated in offshore tax havens, countries with minimal or no taxes where a company’s presence could be as little as a mailbox.

The study examined the use of tax havens by Fortune 500 companies in 2015. It revealed that tax haven use was ubiquitous among America’s largest companies and that a narrow set of companies benefited disproportionately.

Amongst these companies KKR was named as one of the 'Top 20 Companies with the Most Tax Haven Subsidiaries'.
It was found to maintain 300 subsidiaries in the following tax havens: Cayman Islands (249), Channel Islands (6), Hong Kong (3), Ireland (19), Luxembourg (9), Mauritius (5) and Singapore (9).

Neither the overall rate of the tax paid on this overseas cash, nor any estimate of the US tax avoided, were disclosed.

Reference:

Offshore Shell Games 2016 (October 2016)

In February 2020 Ethical Consumer viewed Coty Inc's 10K SEC filing exhibit 21. It indicated that Coty Inc had numerous subsidiaries in countries which Ethical Consumer deemed to be tax havens. These were in Hong Kong, Switzerland and Luxembourg. A number of these companies were also high risk company types for the likely use of tax avoidance strategies. These included:

TJoy Holdings Co. Ltd. - Cayman Islands
Super Globe Holdings Ltd. - Hong Kong
HFC Prestige International Holding Luxembourg SARL - Luxembourg
Coty Global Holdings B.V. - Netherlands
HFC Prestige International Netherlands Holding B.V. - Netherlands
HFC Prestige International Holding Switzerland Sàrl - Switzerland
and four holding companies in Delaware, US.

No country by country reporting could be found. The company lost a full mark under Anti-Social Finance for likely use of tax avoidance strategies.

Reference:

Generic ref 2020 (27 February 2020)