Cameras and medical equipment
Established in 1919, today they are the world's #1 digital camera maker (along with Sony). The company also makes binoculars, medical equipment such as endoscopes, and industrial imaging systems.
In 2020, 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 (2020)
In 2020, 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 A-.
Source: CDP (2020)
This company received an S&P Global ESG Score of 62/100 in the Health Care Equipment & Supplies category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). 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 (2021)
Duodenoscope lawsuits against Olympus and other scope makers claim the devices spread "superbug" infections that killed 35 people and sickened hundreds of others at more than 40 different hospitals worldwide. The lawsuits say the design of duodenoscope models leaves small nooks and crannies in the tip, which could transfer microbial contamination from one patient to another. A jury handed up a $6.6 million verdict in the first trial against duodenoscope makers in 2017. Olympus has settled other cases for undisclosed amounts, and more cases are pending.
Source: Drug Watch (2017)
This company has faced several lawsuits following revelations in 2011 that Olympus had filed false financial statements between 2000 and 2011. The scandal is one of the biggest financial frauds in Japan's history. The largest amount among these civil lawsuits was for a total of 27.9 billion yen ($273 million) in damages, paid to six banks.
Source: news article (2014)
In 2016 this company agreed to pay at least $635 million to resolve separate criminal and civil investigations into kickbacks and foreign bribery.
Source: news article (2016)
This company appeared second on RepRisk's top ten "most environmentally and socially controversial companies of 2012". Companies on the list were severely criticised during 2012 by the world's media, governments and NGOs. Criticisms of Olympus include fraudulent activities and supply chain issues. [Listed under Information due to age of report]
Source: RepRisk (2013)
This company has Corporate Social Responsibility claims on its website, including the areas of environment, human rights and working environments.
Source: company website (2014)
C+ 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)
|Revenue||6.9 billion USD (2014)|
|Subsidiaries||Olympus Imaging Australia Pty Ltd|
Products / BrandsOlympus Australia