Canon Inc. (Canon) demonstrates limited disclosure of policies and programs aimed at mitigating forced labor risks in its supply chain. The company discloses very limited information on its work with suppliers, underperforming across all themes compared to its peers and ranking eighteenth on the benchmark overall. Canon discloses some information on its commitment to the issue and its supply chain traceability initiatives. To improve its transparency and performance, Canon is encouraged to strengthen its overall approach to mitigating the risk of forced labor and disclose its approach publicly. Canon may consider adopting a Supplier Code of Conduct that formalizes its requirements of suppliers, including in relation to forced labor. In addition, it may also consider establishing responsible purchasing practices and designing a remedy program for suppliers who are found to be violating the company's standards.
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Commitment and Governance
Traceability and Risk Assessment