Involved in energy infrastructure, power supply and distribution, electronic devices and systems, and diagnostic imaging. Chinese giant Midea bought Toshiba's home appliances business in 2016.
In 2018, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of B.
[Source 2018][More on Climate Change]
B grade in the Baptist World Aid Australia's Behind the Barcode 'Ethical Electronics Guide 2016', which grades companies on their efforts to mitigate the risks of forced labour, child labour and worker exploitation throughout their supply chains. Assessment criteria fall into four main categories: policies, traceability & transparency, monitoring & training and worker rights.
[Source 2016][More on Workers Rights]
Greenpeace's Cool IT Leaderboard Version 6 evaluates top IT companies on their efforts to provide economy-wide climate solutions, reduce emissions from their own operations, and lobby for science-based climate and energy policies. This company received a score of 13/100, putting them at the bottom of the leaderboard.
[Source 2013][More on Climate Change]
In 2015 it was revealed that Toshiba overstated its operating profits over several years in accounting irregularities involving its top management, according to an independent panel of accountants and lawyers. Eight company officials resigned following the report.
[Source 2015][More on Finance]
This company received a score of 25.5/100 (retrieved 14-Feb-2018) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
[Source 2018][More on Habitats]
This website by German NGO Earth Link rates companies on their corporate policies against child labour, production monitoring and accusations of child labour. This company received at least one red mark, indicating poor performance in one or more of these areas.
[Source 2013][More on Human Rights]
This 2016 investigative report by China Labour Watch reveals poor work conditions for Chinese workers making products for this company. Labour rights violations include excessive overtime, forced labour, low wages, inadequate training and working 3 months without a single day off.
[Source 2016][More on Workers Rights]
Toshiba's threat of a lawsuit took a huge repository of their laptop manuals offline, with critics calling the move an abuse of copyright law as a weapon for planned obsolescence. Making repair manuals unavailable sabotages local repair shops, forcing consumers to send broken devices back to expensive manufacturer-authorized service centers for repair. By making it so expensive and inconvenient to repair broken electronics, this policy amounts to planned obsolescence: many people simply throw the devices away.
[Source 2012][More on Product Safety]
Milieudefensie and Friends of the Earth have assessed how open manufacturers of smartphones, tablets, laptops and game consoles are about the use of materials, water, land surface area and greenhouse gas emissions. Assessment also covered whether manufacturers are honest about the use of tin from Indonesia and whether they are prepared to address the abuses in the tin mines on Bangka in Indonesia, such as by participating in the IDH project (Sustainable Trade Initiative). This company received an 'orange' rating, indicating they either take no responsibility for the situation on Bangka Belitung or do not provide enough information on the use of raw materials.
[Source 2015][More on Human Rights]
A Northern Californian jury found this company guilty of conspiring to fix prices of liquid crystal displays and fined it $87m. Customers brought a civil lawsuit against Toshiba and other LCD providers alleging anti-competitive practices. While most other defendants settled out of court, this company fought the allegations in a San Francisco federal court and is now forced to return $70m to consumers and $17m to manufacturers.
[Source 2012][More on Governance]
Six firms, including this company, were fined a record 1.47b euros (AU$1.89b) in Dec 2012 by EU antitrust regulators for fixing prices of TV and monitor cathode-ray tubes for nearly a decade between 1996 and 2006. Toshiba had a penalty of 28m euros.
[Source 2012][More on Governance]
This company and two others agreed to pay a combined $571m to settle a class action lawsuit over price fixing in the liquid crystal display market. The amount included $27.5m in civil penalties for eight US state governments. The class action alleged a detailed conspiracy from 1996 to 2006 to fix LCD prices resulting in higher prices for buyers of televisions, laptops and other electronics. The class action could contain 20 million consumers.
[Source 2012][More on Governance]
This company scores Ethical Consumer's worst rating for the likely use of tax avoidance strategies, and has at least two high risk subsidiaries in tax havens.
[Source 2018][More on Finance]
This company received a score of 41.1/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
[Source 2017][More on Sustainability Reporting]
Rank a Brand searches the websites of brands for the answers to carefully targeted questions. From this they calculate sustainability scores based on the themes of environment, climate, labor issues, and transparency. Brands owned by this company received a 'D'.
[Source 2016][More on Sustainability Reporting]
This company is a participant in the Public-Private Alliance for Responsible Minerals Trade (PPA), a multi-sector and multi-stakeholder initiative to support supply chain solutions to conflict minerals challenges in the Democratic Republic of Congo (DRC) and the Great Lakes Region (GLR) of Central Africa. The PPA provides funding and coordination support to organizations working within the region to develop verifiable conflict-free supply chains; align chain-of-custody programs and practices; encourage responsible sourcing from the region; promote transparency; and bolster in-region civil society and governmental capacity.
[Source 2014][More on Multi-Stakeholder Initiatives]
This company is a member of the Responsible Business Alliance (formerly the Electronic Industry Citizenship Coalition), a non-profit coalition of electronics companies which supports the rights and wellbeing of workers and communities worldwide affected by the global electronics supply chain. RBA members commit and are held accountable to a common Code of Conduct and utilize a range of RBA training and assessment tools to support continuous improvement in the social, environmental and ethical responsibility of their supply chains.
[Source 2017][More on Multi-Stakeholder Initiatives]
This company has Corporate Social Responsibility claims on its website in the areas of human rights, labour practices, environment and community involvement.
[Source 2014][More on Sustainability Reporting]
The United Nations Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of 10 values in the areas of human rights, labour standards, the environment, and anti-corruption. However it's non-binding nature has been widely criticised, and many signatory corporations continue to violate the Compact's values.
[Source x][More on Sustainability Reporting]
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
[Source 2019][More on Multi-Stakeholder Initiatives]
The Electronics TakeBack Coalition's Recycling Report Card evaluates takeback and recycling programs for computer, TV, printer and game console companies. The report card focuses on the programs available to consumers in the US, and relies on publicly available information, as of Sept 2010. This company received a grade of C- for its recycling efforts in the USA.
[Source 2010][More on Habitats]
This company makes a minority of its revenue from military equipment.
[Source 2014][More on Military]
In 2012 the Enough Project published the Conflict Minerals Company Rankings, which ranked the world's largest electronics companies on their efforts toward using and investing in conflict-free minerals in their products. This company received a 'Yellow' ranking, signifying it has "taken some steps to investigate their supply chains, and are members of industry-wide efforts. But more commitment and action on tracing, auditing, certification, and legislative efforts is required of them."
[Source 2012][More on Human Rights]
Greenpeace's 2014 report, Green Gadgets, compares companies on their efforts to eliminate hazardous chemicals from their electronics products. This company is still working towards completing its phase out of PVC and BFRs, based on a credible commitment; it is showing progress by bringing products free of these substances onto the market.
[Source 2014][More on Product Safety]
|Company Structure||Public company|
|Revenue||US$63 billion in 2014|
|# Employees||200,260 in 2014|
|Subsidiaries||Toshiba Lifestyle Products & Services Corporation (20% owned)
Toshiba (Australia) Pty Ltd
Products / BrandsToshiba
Toshiba Storage Media
Toshiba Audio Equipment
Toshiba Blu-Ray/DVD Players