Company Directory - Panasonic Holdings Corporation
Company Details - Panasonic Holdings Corporation
Panasonic Holdings Corporation
WebsiteKadoma, Japan
Panasonic Holdings Corporation is a Japanese multinational electronics company that designs, develops, manufactures, and sells a wide range of electronic products and solutions, including consumer electronics, appliances, and industrial systems. Headquartered in Kadoma, Osaka Prefecture, Japan, the company operates globally and is known for its innovation and commitment to quality.
CCI Score
CCI Score: Panasonic Holdings Corporation
19.53
-0.01%
Latest Event
Panasonic Faces Criticism Over Inadequate Remediation of Labor Violations in Supplier Chain
Amid allegations of prolonged labor rights abuses at supplier Kawaguchi Manufacturing, Panasonic has come under fire for its inadequate response in addressing non-payment of wages and other human rights violations. Critics argue that Panasonic’s decision to sever ties with the supplier without engaging meaningfully with workers’ representatives reflects a failure in both labor relations and supply chain ethics.
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SABOTEUR
Panasonic Holdings Corporation is currently rated as a Saboteur.
Latest Events
- JAN142025
Amid allegations of prolonged labor rights abuses at supplier Kawaguchi Manufacturing, Panasonic has come under fire for its inadequate response in addressing non-payment of wages and other human rights violations. Critics argue that Panasonic’s decision to sever ties with the supplier without engaging meaningfully with workers’ representatives reflects a failure in both labor relations and supply chain ethics.
-40
Labor Relations and Human Rights Practices
March 27
The report details allegations that workers at Kawaguchi Manufacturing suffered prolonged wage non-payment, exploitative work conditions, and other severe labor rights abuses. Panasonic’s response, including a limited gesture to reimburse recruitment fees, is seen as insufficient and dismissive of the systemic issues in its supply chain. This inaction contributes negatively to its labor relations and respect for human rights.
Malaysia Plastics Co. Supplying to Panasonic, Sony & Daikin Accused of Violating Workers' Rights
-50
Supply Chain Ethics
March 27
Panasonic’s supply chain ethics are called into question due to its abrupt severance of ties with the supplier without adequate remedial engagement with affected workers. The failure to ensure human rights compliance throughout its supply chain, as urged by international guidelines, reflects a neglect of corporate ethical responsibility and exacerbates the vulnerabilities of exploited workers.
- JAN082025
Panasonic Corporation of North America has been recognized with a score of 100 on the Human Rights Campaign Foundation’s 2025 Corporate Equality Index, underscoring its exemplary commitment to LGBTQ+ workplace policies and human rights. This award highlights the company’s robust efforts in fostering a diverse, inclusive, and supportive work environment.
+100
Labor Relations and Human Rights Practices
March 27
Panasonic's receipt of the Equality 100 Award reflects its strong commitment to labor rights and human rights practices, particularly for the LGBTQ+ community. Recognized by the Human Rights Campaign Foundation, the company’s progressive workplace policies and inclusive practices significantly counter authoritarian and exclusionary forces in corporate culture, setting a high standard for ethical responsibility.
- NOV282024
In a disclosure update dated November 28, 2024, Panasonic confirmed allegations of labour rights abuses at a Malaysian supplier, including withholding passports of Bangladeshi workers, delayed salary payments, and excessive working hours. While remedial measures and on-site audits were conducted, several issues remain unresolved, raising concerns about supply chain ethics and the overall treatment of workers.
-60
Labor Relations and Human Rights Practices
March 27
The update confirms significant labour rights violations at a key supplier, including withholding migrant workers' passports, delayed payments, and excessive working hours. Although Panasonic has conducted audits and taken remedial actions, the persistence of these issues indicates a serious lapse in protecting worker rights, leading to a substantially negative rating in this category.
-50
Supply Chain Ethics
March 27
Despite conducting on-site audits and advising corrective measures, Panasonic's decision to support the supplier financially through advanced payments and acceptance of delayed deliveries potentially undermines accountability in their supply chain. This action, even if well-intentioned, may inadvertently perpetuate problematic practices, leading to a moderately negative rating in supply chain ethics.
- FEB262024
Panasonic Holdings Corporation has announced a strategic partnership with the International Organization for Migration to advance rights for migrant workers in its supply chains, marking a positive step towards improved labor practices and ethical sourcing.
+90
Labor Relations and Human Rights Practices
March 27
Panasonic's decision to partner with the International Organization for Migration to advance rights for migrant workers highlights a strong commitment to labor relations and human rights. This proactive measure helps mitigate risks of worker exploitation and sets a positive example for ethical corporate behavior.
+85
Supply Chain Ethics
March 27
By establishing this strategic partnership, Panasonic is actively addressing supply chain ethics. The initiative focuses on enhancing the treatment of migrant workers, thereby promoting more responsible and transparent sourcing practices.
- AUG012023
Panasonic has implemented a comprehensive human rights and labor policy aligned with internationally recognized standards. The policy emphasizes fair labor practices, employee safety, DEI initiatives, and adherence to international labor laws, reflecting a positive commitment to ethical business practices.
+80
Labor Relations and Human Rights Practices
March 27
Panasonic's Human Rights and Labour Policy demonstrates a strong commitment to protecting worker rights through measures that prevent forced labor, child labor, discrimination and promote a safe, healthy and inclusive working environment. This proactive approach in labor relations and human rights practices is a significant positive indicator in the fight against corporate complicity in oppressive systems.
Panasonic Group Human Rights and Labour Policy - Human Rights - Sustainability - Panasonic Holdings
- DEC312021
Panasonic spent $610,000 on lobbying efforts in 2021 as reported by OpenSecrets. This level of corporate political spending raises concerns about the company's potential influence on policymaking, which some argue can contribute to the erosion of democratic accountability and bolster authoritarian practices.
-40
Political Contributions and Lobbying Efforts
March 27
The OpenSecrets data reveals that Panasonic allocated $610,000 for lobbying in 2021. Such a significant expenditure on lobbying activities suggests active efforts to influence policy decisions. In an era where corporate lobbying can contribute to democratic backsliding by supporting policies that favor corporate interests over public welfare, this act is seen as complicity in the rise of authoritarian practices.
Alternatives
Kadoma, Japan
22.82
Shanghai, China
0.00
Seoul, South Korea
-4.89
Seoul, South Korea
-8.66
New Taipei City, Taiwan
-19.50
Suwon, South Korea
-33.24
Corporation
60.00
Corporation
0.48
Corporation
-4.24
Tokyo, Japan
21.05
Industries
- 334310
- Audio and Video Equipment Manufacturing
- 335999
- All Other Miscellaneous Electrical Equipment and Component Manufacturing
- 335221
- Small Electrical Appliance Manufacturing
- 335229
- Other Major Household Appliance Manufacturing
- 334414
- Semiconductor and Related Device Manufacturing