CSR Procurement

We consider our suppliers to be partners in creating products and services that our customers will be totally satisfied with. We also work with our suppliers worldwide to contribute to a sustainable society.

In order to promote CSR Procurement globally, we conduct the CSR-conscious Procurement Conferences. Launched in China in March 2007, these conferences were organized in various regions of the world where we are developing our business, and they have been attended by approximately 6,000 people from 4,366 companies.

At the conferences we announced the Clean Procurement Declaration, which describes Panasonic's commitment to building fair and equitable global trade relationships through an unbiased procurement process. We explained Panasonic's CSR concepts regarding legal and regulatory compliance, information security, the environment, and human rights, and sought their understanding on CSR Procurement. We also expressed our expectation for our suppliers to become CSR companies in order to have continued relations as the best partners and deliver the highest satisfaction to our customers world-wide.

Panasonic places its purchase orders with suppliers that contribute to the sustainability of society. If for some reason a supplier violates the CSR requirements of the basic purchase agreement, we ask them to take immediate action to solve the issue and report to Panasonic, and based on the content of that report, Panasonic may take action to reduce or suspend business with that supplier.