Company Ranking38 out of
Panasonic Corp. (Panasonic), a consumer electronics company based in Japan, ranks 38th out of 49 companies, disclosing less information on its forced labor policies and practices than its peers on all themes except Purchasing Practices. The company discloses relevant information on all themes except Traceability and Risk Assessment. Notably, the company achieves the highest score on the Purchasing Practices theme among Japanese companies included in the benchmark. KnowTheChain identified three allegations of forced labor in the company’s supply chains. The company discloses that it started investigations into two of the allegations. However, the company does not disclose engagement with affected stakeholders nor remedy outcomes for workers in its supply chains. The company is encouraged to improve its performance and disclosure on the themes of Commitment & Governance, Traceability & Risk Assessment, and Remedy.
HOW DO THEY COMPARE?
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THEME & indicator score
The benchmark methodology has seven themes, selected to capture the key areas where companies need to take action to eradicate forced labor from their supply chains. There are a total of 22 indicators accross the seven themes. For each themes, a company can score a total of 100 points.
Commitment and Governance
|Commitment||100 / 100|
|Supplier Code of Conduct||60 / 100|
|Management and Accountability||0 / 100|
|Training||15 / 100|
|Stakeholder Engagement||0 / 100|
Traceability and Risk Assessment
|Traceability and Supply Chain Transparency||0 / 100|
|Risk Assessment||0 / 100|
|Purchasing Practices||12.5 / 100|
|Supplier Selection||50 / 100|
|Integration into Supplier Contracts||15 / 100|
|Recruitment Approach||0 / 100|
|Recruitment Fees||25 / 100|
|Monitoring and Responsible Recruitment||0 / 100|
|Rights of Workers in Vulnerable Conditions||30 / 100|
|Freedom of Association||0 / 100|
|Worker Engagement||12.5 / 100|
|Grievance Mechanism||10 / 100|
|Monitoring Process||10 / 100|
|Monitoring Disclosure||0 / 100|
|Corrective Action Plans||12.5 / 100|
|Remedy Programs||0 / 100|