Canon integrates accessible design principles in its products. It also has products that accommodate users with disabilities. Furthermore, the company reports the number of people with disabilities it employs and discloses employment figures for its main countries of operation.
Canon collaborates with universities on open source projects and provides resources for research in sustainability. The company shows a high level of support for the UN Sustainable Development Goals (SDGs) and uses them as a framework to measure its own progress.
While Canon has initiatives for people with disabilities, it can increase its support for initiatives that expand access to digital technologies for other vulnerable groups, such as providing more digital opportunities for women and girls. The company can also increase transparency on how the economic value it creates is distributed among its stakeholders.
Canon can enhance its support for open, inclusive and ethical innovation. This includes contributing to the tech start-up ecosystem. It can also disclose the number of women it employs in tech roles and how it applies ethical considerations in research and development (R&D).
Core Social Assessment
The core social indicators assess societal expectations of business conduct that companies should meet if they aspire to be part of a system transformation that leaves no one behind.
Canon commits to respecting human rights, but it does not have a public commitment to respect all the labour fundamentals outlined in the ILO core labour rights, including the rights to freedom of association and collective bargaining. The company has a process to identify and assess salient human rights risks in its operations and in its business relationships. Additionally, Canon has a grievance mechanism for both workers and external stakeholders to raise human rights concerns and complaints.
Canon publicly commits to respecting worker health and safety, and it places health and safety expectations on its business relationships. However, the company does not specify that it does not require workers to work more than regular and overtime hours. It also does not disclose the percentage of its workforce covered by collective bargaining agreements. In relation to workforce diversity, the company provides a breakdown of employees in different employee categories by gender. Furthermore, Canon has a commitment and time-bound targets for promoting gender equality and women’s empowerment.
The company has a policy prohibiting bribery and corruption, and it takes steps to identify and address bribery and corruption. It also includes anti-bribery and anti-corruption clauses in its business relationship contracts. Canon lacks disclosure in relation to lobbying and political engagement. For example, the company has no statement indicating that it does not make political contributions, and it does not disclose its lobbying expenditures. In addition to reporting this information, Canon could disclose its income tax payments in individual tax jurisdictions. Moreover, the company has the opportunity to disclose its global tax strategy.