Panasonic conducts business based on the management philosophy established by our founder, Konosuke Matsushita. On October 1, 2021, we significantly updated our Basic Business Philosophy to reflect our new operating company system, and taking into account the challenges in social conditions and the business environment. The Basic Business Philosophy is the foundation for our practice to "devote ourselves to the progress and development of society and the well-being of people through our business activities, thereby enhancing the quality of life throughout the world", as set out in the Basic Management Objective, which is one of the foundations of our management philosophy.
On April 1, 2022, we restated the Code of Conduct and renamed as “This Panasonic Group Code of Ethics & Compliance”. This new Code sets out “Our Commitments” (the commitments that each Panasonic Group company must fulfill) and “My Commitments” (the commitments that all Panasonic members must fulfill). Together, we commit to conduct business activities with the highest standards of ethics and compliance, embodying our Basic Business Philosophy.
- Safeguarding against corruption
- Meeting our commitments and ensuring safety and quality of our products and services
- Building fair and transparent supply chains
- Interacting with government bodies
- Building our business on trust and fair competition
- Trading globally