Panasonic Holdings Corp. (Panasonic)
2022 Information & Communications Technology
Company Ranking45 out of
Panasonic Holdings Corp. (Panasonic), a consumer electronics company based in Japan, ranks 45th out of 60 companies. Since 2020, the company improved on the theme of Commitment & Governance, updating its supplier code to require first-tier suppliers to cascade the code to second-tier suppliers, and disclosing information on the internal staff responsible for implementing the company’s human rights standards in supply chains. However, the company did not improve disclosure or performance across other themes. The company performed particularly poorly on the themes of Purchasing Practices and Remedy, scoring zero. As such, the company’s rank has dropped by 7 places.3 KnowTheChain identified one allegation of forced labour in the company’s supply chains.4 The company is encouraged to improve its performance and disclosure on the themes of Traceability & Risk Assessment, Recruitment, and Remedy.
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.
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
|Supplier Code of Conduct and Capacity Building||25 / 100|
|Management and Accountability||50 / 100|
Traceability and Risk Assessment
|Traceability and Supply Chain Transparency||17/100|
|Risk Assessment||0 / 100|
|Data on Supply Chain Risks||0 / 100|
|Purchasing Practices||0 / 100|
|Recruitment Fees||10 / 100|
|Monitoring and Responsible Recruitment||0 / 100|
|Freedom of Association||0 / 100|
|Grievance Mechanism||10 / 100|
|Monitoring Process||0 / 100|
|Remedy Programs||0 / 100|
See the specific risks a company might be exposed to as we move further down a supply chain