Panasonic Holdings Corporation — Ethics Grade B-

Panasonic Holdings Corporation receives an overall ethics grade of B- (62/100) on CancelCo's corporate accountability database. Sector: Telecommunications. Market cap: Large Cap.

Category scores

• labor: 60
• privacy: 80
• consumer: 70
• environment: 75
• humanRights: 45

Documented incidents (3)

• Cobalt Supply Chain Issues (high, 2020) — The company was named in a landmark lawsuit alleging it benefited from child labor in the Democratic Republic of Congo for cobalt used in lithium-ion batteries. The conditions involved hazardous artisanal mining.
• Capacitor Price Fixing (medium, 2017) — European regulators fined Panasonic and several other firms for participating in a cartel to fix prices for electrolytic capacitors used in smartphones and home appliances over a period of 12 years.
• E-waste Mismanagement (medium, 2018) — Environmental groups in China identified Panasonic-linked facilities failing to properly dispose of toxic lead and mercury waste, leading to local soil contamination near manufacturing hubs.

Documented good deeds

• Panasonic GREEN IMPACT — Successfully transitioned 31 global manufacturing sites to zero CO2 emissions as part of its goal to reach net-zero by 2030.

Ethical alternatives

• Sony Group — More aggressive phase-out of conflict minerals and higher supply chain audit frequency.