Company Directory - Panasonic Corporation
Company Details - Panasonic Corporation
Panasonic Corporation
WebsiteKadoma, Japan
ISIN: JP3866800000
Panasonic Corporation is a multinational electronics company known for manufacturing a wide range of products including batteries, home appliances, and industrial solutions.
CCI Score
CCI Score: Panasonic Corporation
22.82
-0.02%
Latest Event
Investigation into Forced-Labor Claims in Panasonic's Supply Chain
Panasonic, alongside Sony and Daikin, has pledged to investigate allegations of forced-labor practices by a Malaysian contractor. The investigation highlights concerns over supply chain ethics and labor rights practices, raising questions about potential complicity in human rights abuses while the company commits to corrective measures.
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SABOTEUR
Panasonic Corporation is currently rated as a Saboteur.
Latest Events
- FEB202025
Panasonic, alongside Sony and Daikin, has pledged to investigate allegations of forced-labor practices by a Malaysian contractor. The investigation highlights concerns over supply chain ethics and labor rights practices, raising questions about potential complicity in human rights abuses while the company commits to corrective measures.
-30
Supply Chain Ethics
March 26
Panasonic is implicated via its supply chain as a Malaysian supplier is accused of forced-labor practices, including withholding passports and wages for extended periods. Although the company has pledged to investigate and potentially rectify these issues, the existence of such allegations and the potential link to unethical supply chain practices warrant a negative score in supply chain ethics.
Panasonic, Sony and Daikin vows probe into forced-labour claim against Malaysian contractor
-20
Labor Relations and Human Rights Practices
March 26
The allegations of forced-labor practices also raise significant concerns regarding labor relations and human rights practices. Despite Panasonic’s commitment to probe the issue and consider corrective actions, the potential exploitation of workers—primarily Bangladeshi laborers in this case—necessitates a negative rating for labor practices.
Panasonic, Sony and Daikin vows probe into forced-labour claim against Malaysian contractor
- JAN152025
Panasonic Corporation has announced additional remedial measures, including the reimbursement of recruitment fees, to address allegations of inadequate remedies for workers impacted by labor rights violations at Kawaguchi Manufacturing. While this policy shift indicates an acknowledgment of human rights issues, concerns remain about the sufficiency and systemic improvement of labor practices.
+30
Labor Relations and Human Rights Practices
March 26
The company's decision to reimburse recruitment fees for workers demonstrates an effort to address labor rights violations. Although this move contributes positively to labor relations, the remedial measures are viewed as a partial remedy to the deeper systemic issues faced by the workers, and thus the score reflects a moderate positive step rather than a comprehensive resolution.
Panasonic response re alleged insufficient remedy to Kawaguchi workers
- DEC312023
Panasonic Corporation spent $865,000 on lobbying in 2023, raising concerns over its potential role in influencing policy in favor of corporate interests and undermining democratic processes.
-40
Political Contributions and Lobbying Efforts
March 26
The report showing Panasonic Corporation spending $865,000 on lobbying activities in 2023 highlights a concerning use of corporate resources to potentially sway legislative and regulatory outcomes. Such expenditures may serve to protect or enhance corporate interests at the expense of public accountability, indirectly supporting authoritarian influences by undermining democratic oversight.
- OCT112023
After significant union activism at Panasonic Automotive Systems in Reynosa, Mexico, workers secured a contract featuring a 9.5% wage increase, reimbursement for union dues, and the reinstatement of employees fired for supporting the independent union SNITIS. Although Panasonic initially undermined the workers' right to choose their union freely and engaged in anti-union practices, the eventual agreement marked a corrective step in labor relations.
+50
Labor Relations and Human Rights Practices
March 26
The event represents a significant gain for labor rights, as workers overcame initial corporate suppression. Despite Panasonic's earlier anti-union actions, the final agreement—resulting in above-inflation wage increases, union dues reimbursement, and the rehiring of dismissed workers—points to a corrective move. However, the company's initial refusal to cooperate with the independent union reveals serious flaws in its labor practices, warranting a moderate positive score reflecting both progress and past misconduct.
- AUG012023
Panasonic Corporation released a comprehensive Human Rights and Labour Policy emphasizing its commitment to internationally recognized human rights, fair labor practices, and ethical business practices. The policy outlines measures to prevent human rights abuses in its operations and supply chain, and demonstrates a proactive approach to corporate responsibility and social accountability.
+80
Business Practices and Ethical Responsibility
March 26
Panasonic’s published Human Rights and Labour Policy reflects a strong commitment to protecting internationally recognized human rights and ensuring fair labor practices. The policy emphasizes compliance with global standards, transparent human rights due diligence, supplier engagement, and worker safety, which collectively form a robust ethical framework. This proactive approach mitigates risks of corporate complicity in oppressive or authoritarian practices by ensuring that business operations respect social and labor rights.
Panasonic Group Human Rights and Labour Policy - Human Rights - Sustainability - Panasonic Holdings
- MAR312022
Panasonic Corporation released its Modern Slavery and Human Trafficking Statement for FY2022, detailing comprehensive measures to eradicate forced labor, protect human rights, and enforce robust supply chain ethics. This initiative reflects a commitment to ethical business practices and responsible labor policies, countering practices associated with exploitation and repression.
+80
Labor Relations and Human Rights Practices
March 26
Panasonic explicitly commits to prohibiting forced labor and ensuring humane working conditions in its operations. The company’s clear adherence to international human rights standards and efforts to educate and protect its workforce represent strong positive actions in support of labor rights and the ethical treatment of employees.
PDF Slavery and Human Trafficking Statement 2022 - industry.panasonic.eu
+75
Supply Chain Ethics
March 26
Panasonic has established rigorous supply chain guidelines and conducts regular CSR self-assessments and audits with its suppliers. These procedures demonstrate the company's proactive approach to ensuring ethical sourcing and the prevention of labor abuses within its supply chain, reinforcing its commitment to socially responsible business practices.
PDF Slavery and Human Trafficking Statement 2022 - industry.panasonic.eu
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Industries
- 334111
- Electronic Computer Manufacturing
- 334310
- Audio and Video Equipment Manufacturing
- 334413
- Semiconductor and Related Device Manufacturing
- 335999
- All Other Miscellaneous Electrical Equipment and Component Manufacturing
- 335221
- Small Electrical Appliance Manufacturing
- 335228
- Other Major Household Appliance Manufacturing
