Canon Inc.
NYSE : CAJ
2016 Information & Communications Technology
DOWNLOAD SCORECARD
Company Ranking
18 out of20 Companies
Company Score
SUMMARY
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.
HOW DO THEY COMPARE?
The comparison tool allows companies' results to be easily compared. Up to two additional companies can be selected and compare against each other as shown below.
SELECTED COMPANIES
SCORE HISTORY
THEME & indicator score
The benchmark methodology has seven themes, selected to capture the key areas where companies need to take action to eradicate forced labour from their supply chains. The themes are comprised of a total of 12 key indicators. For each indicator, a company can score a total of 100 points.
Commitment and Governance
The company's top-level commitments on forced labor, supply chain standards, management processes, training programs and stakeholder engagement
| Awareness and Commitment | 50 / 100 |
| Supply Chain Standards | 20 / 100 |
| Management and Accountability | 0 / 100 |
| Training | 0 / 100 |
| Stakeholder Engagement | 0 / 100 |
Traceability and Risk Assessment
The extent to which the company traces its supply chain and conducts forced labor risk assessments, and discloses information about these processes.
| Traceability and Supply Chain Transparency | / 100 |
| Transparency | / 100 |
Purchasing Practices
The company's awareness and action on purchasing practices that can exacerbate forced labor risks, and its process for selecting suppliers, integrating standards into contracts and cascading them down the supply chain.
| Purchasing Practices | 0 / 100 |
| Supplier Selection | 0 / 100 |
| Integration into Supplier Contracts | 0 / 100 |
| Cascading Standards Through the Supply Chain | 50 / 100 |
Recruitment
| Recruitment Approach | 0 / 100 |
| Recruitment Fees | 0 / 100 |
| Recruitment Audits | 0 / 100 |
Worker Voice
The extent to which the company proactively communicates with workers through the supply chain, enables freedom of association and ensures access to effective and trusted grievance mechanisms.
| Communication of Policies | 0 / 100 |
| Worker Voice | 0 / 100 |
| Worker Empowerment | 0 / 100 |
| Grievance Mechanism | 20 / 100 |
Monitoring
The company's process for auditing (including whether it includes non-scheduled visits, document review, worker interviews) and disclosure about the audit process and findings.
| Auditing Process | 0 / 100 |
| Auditing Disclosure | 0 / 100 |
Remedy
The extent to which the company has corrective action plans for non-compliant factories, as well as processes for remedying workers who are victims of forced labor, and reports on remedies provided.
| Corrective Action Plans | 0 / 100 |
| Remedy Programs | 0 / 100 |