Consumer electronics makers
Panasonic Corporation (formerly Matsushita Electric Industrial) is one of the world's top consumer electronics makers. Company activities are 30% electronics with 70% of net sales now from housing, automotive, avionics, energy, and devices. Listed on the Japan and USA stock markets. Acquired Sanyo in 2010.
In 2019, 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 A.
Source: CDP (2019)
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: Baptist World Aid Australia (2016)
In 2019, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security Score of B-.
Source: CDP (2019)
This company received a score of 60.3/100 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: Newsweek (2017)
The 2020 Global 100 Most Sustainable Corporations in the World list is an extensive data-driven corporate sustainability assessment. The ranked companies are leaders in the field of a sustainable business approach. The efficiency of a company's energy, water, CO2 and waste management is measured in relation to its total sales volume. The disclosure of that information is a pre-condition for the assessment. Of the 39 companies in its peer group, this company ranked #5.
Source: Corporate Knights (2020)
The Chinese government has facilitated the mass transfer of Uyghur and other ethnic minority citizens from the far west region of Xinjiang to factories across the country. Under conditions that strongly suggest forced labour, Uyghurs are working in factories that are in the supply chains of at least 83 well-known global brands in the technology, clothing and automotive sectors, including brands owned by this company. The Australian Strategic Policy Institute's 2020 report estimates (somewhat conservatively) that more than 80,000 Uyghurs were transferred out of Xinjiang to work in factories across China between 2017 and 2019, and some of them were sent directly from detention camps.
Source: ASPI (2020)
The 2018-19 Solar Scorecard, produced by the Silicon Valley Toxics Coalition, rates solar panel producers on their commitment to the environment and worker safety. Areas looked at include emissions reporting, chemical reductions plan, workers rights and conflict minerals. This company received a score of 0/100.
Source: Silicon Valley Toxics Coalition (2019)
This company received a score of 38.4/100 (retrieved 10-Oct-2020) 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: IPE (2020)
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 44.8% (Minimal).
Source: As You Sow (2019)
This company received an S&P Global ESG Score of 35/100 in the Leisure Equipment & Products and Consumer Electronics category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2019)
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 D+ for its recycling efforts in the USA.
Source: Electronics TakeBack Coalition (2010)
In 2006 a Chinese subsidiary of Panasonic has been blacklisted by various levels of government for releasing wastewater not sufficiently treated. [Listed under information due to age of report]
Source: Polaris / IPE (2006)
Identified in 'The Big Chill: Too Scared to Speak' report which identified Chinese Olympic Sponsors response to Darfur crisis in Sudan. Received Fs for a poor response or none at all.
Source: Dream for Dafur (2008)
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. Panasonic had a penalty of 157.5m euros. [Listed under Information due to age of court finding]
Source: Financial Review (2012)
This company pleaded guilty to price fixing auto parts and laptop battery packs, leading to a $56.5m fine. The price fixing had been taking place since 1998 but the plea agreement was only reached in July 2013. Panasonic worked with companies to manipulate prices of auto parts sold to car makers and the fine is $45.8m and a number of executives will be serving jail time. Sanyo, a subsidiary of Panasonic, and L G Chen were fined $10.731m for their role in price fixing laptop battery packs during 2007-2008. [Listed under Information due to age of court finding]
Source: US Dept of Justice (2013)
In Sept 2010 Panasonic Corp and a unit of Whirlpool Corp agreed to plead guilty to conspiring to fix prices for compressors used to cool home and commercial refrigerators and freezers, violating US antitrust laws. Panasonic were fined US$49.1 million. [Listed under information due to age of court finding]
Source: news article (2010)
This company has sustainability claims on its website, including for labour practices and the environment.
Source: company website (2014)
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: RMI (2019)
This company is a signatory to WRAP's Electrical and Electronic Equipment Action Plan (esap). Signatories take collective action to reduce their environmental impact and sign up to contribute to the development and implementation of esap.
Source: WRAP (2017)
The California Transparency in Supply Chains Act of 2010 (SB 657) requires companies operating in California to disclose their efforts to eradicate slavery and human trafficking from their direct supply chains. KnowTheChain.org has examined this company's disclosure statement and concluded that it addresses the majority of SB 657 requirements. Follow the link to see this company's disclosure statement.
Source: company website (2014)
In November 2017 the Enough Project published Demand the Supply, which ranked consumer electronics and jewelry retail companies on their efforts to develop conflict-free minerals supply chains from Congo. Companies were ranked on reporting; sourcing conflict-free minerals from Congo; supporting the artisanal mining communities in Eastern Congo; and conflict-free minerals advocacy. This company received a score of 42.5/120.
Source: Enough Project (2017)
|Revenue||US$75.3 billion in 2019|
|Employees||273,858 in 2019|
|Subsidiaries||Panasonic Australia Pty Ltd
Sanyo Electric Co., Ltd
Products / BrandsPanasonic Australia
Panasonic Audio Equipment
Panasonic Blu-Ray/DVD Players
Panasonic Air Conditioners
Panasonic Fridges & Freezers
Panasonic Washing Machines & Dryers
Panasonic Small Kitchen Appliances