Hitachi
Engineering and electronics
Highly diversified company that operates eleven business segments. Part of the DKB Group of companies.

Overall

Owned JPN
Rating C
About the Ratings
Hitachi Ltd
JPN

Company Assessment

Hitachi Ltd
Praise
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A.
Source: CDP (2023)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of A-.
Source: CDP (2023)
World's Most Sustainable Companies of 2024 by TIME and Statista recognises the Top 500 most sustainable companies in the world. From a selection of 5,000 of the world's largest companies, non-sustainable businesses were excluded, and the remaining companies were rated on Commitment & Ratings, Reporting & Transparency, and Environmental & Social Stewardship. This company received a total score of 76.6/100, ranking 29th overall.
Source: TIME (2024)
Criticism
As You Sow's 2019 report, Mining the Disclosures, is a deep analysis of 215 companies' human rights performance in relation to sourcing conflict minerals from the Democratic Republic of the Congo (DRC). This company's score was 14.1% (Weak).
The Chinese government has facilitated the mass transfer of Uyghur and other ethnic minority citizens from the far west region of Xinjiang to factories across the country. Under conditions that strongly suggest forced labour, Uyghurs are working in factories that are in the supply chains of at least 83 well-known global brands in the technology, clothing and automotive sectors, including brands owned by this company. The Australian Strategic Policy Institute's 2020 report estimates (somewhat conservatively) that more than 80,000 Uyghurs were transferred out of Xinjiang to work in factories across China between 2017 and 2019, and some of them were sent directly from detention camps.
Source: ASPI (2020)
In 2022 KnowTheChain benchmarked 60 information, communications and technology (ICT) companies on their efforts to identify and tackle forced labour risks in their supply chains. This company received a score of 12/100. The average score was 20/100 and the highest score was 63.
The 2022 Corporate Human Rights Benchmark assessed 127 companies in the food and agriculture, ICT and automotive manufacturing sectors on their human rights performance. This company received a score of 16.8%. The overall average score was a disappointing 17.3% and the highest score was 50.3%.
Information
The Electronics TakeBack Coalition's Recycling Report Card evaluates takeback and recycling programs for computer, TV, printer and game console companies. The report card focuses on the programs available to consumers in the US, and relies on publicly available information, as of Sept 2010. This company received a grade of F for its recycling efforts in the USA.
Hitachi provides products and services for the Japanese military.
In March 2009 Hitachi admitted to fixing prices of the screens sold to Dell for use in desktop monitors and notebook computers from 2001 to 2004, in violation of US anti-trust laws. Three other major producers of LCD panels including LG and Sharp had already admitted their involvement in price-fixing. Hitachi was fined US$31 million. [Listed under information due to age of court finding]
In 2011 Hitachi-LG Data Storage, a joint venture of Hitachi Ltd and LG Electronics, pleaded guilty to 15 criminal counts in connection with a long-running probe of price fixing in the sale of optical disk drives to computer companies. The charges were brought by US prosecutors in the District Court (Northern California) and the joint venture company was sentenced to a US$21m fine after admitting conspiring with others to eliminate competition or fix prices for drives sold to computer companies dating back to 2004.
Hitachi and General Electric operate a joint venture which builds nuclear power plants.
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
This company received a score of 63.5/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
This company has sustainability claims on its website, including environmental and social issues.
C grade in the Baptist World Aid Australia's Behind the Barcode 'Ethical Electronics Guide 2016', which grades companies on their efforts to mitigate the risks of forced labour, child labour and worker exploitation throughout their supply chains. Assessment criteria fall into four main categories: policies, traceability & transparency, monitoring & training and worker rights. [Listed under Information due to age of report]
California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.
Business & Human Rights Resource Centre digital platform presents news and allegations relating to the human rights impact of over 20,000 companies. Their enhanced Company Dashboards also include financial information, key data points based on corporate policies, and scores from prominent civil society benchmarks. Follow the link and use the search function to view this company's dashboard.
This company received an S&P Global ESG Score of 41/100 in the Industrial Conglomerates category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.

Company Details

Type:
Public company
Founded:
1910
Revenue:
83 billion USD (2022)
Employees:
351,197 (2023)
Subsidiaries:
Hitachi Global Life Solutions Inc
Home appliances
Formed a joint venture with Arcelik in 2021 in the global home appliance business (excluding Japan).
Arcelik Hitachi Home Appliances (40% owned)
Home appliances
Established in 2021 as a 60:40 joint venture between Arcelik (60%) and Hitachi Global Life Solutions (40%) to manufacture, sell and provide after-sales services of Hitachi branded home appliances (outside of the Japanese market). Manufacturing occurs in Thailand and China.
Johnson Controls Hitachi AC Ltd (40% owned)
Air conditioning
This 60:40 joint venture between Johnson Controls and Hitachi Global Life Solutions was established in 2015. Distributed in Australia by Temperzone.
Hitachi Australia Pty Ltd
Consumer and business electronics
Imports and distributes electronic products including air conditioning, power tools, automotive, IT, industrial, logistics, mining and construction.

Contact Details

Address:
Tokyo, Japan
Website:
www.hitachi.com

Products / Brands

Arcelik Hitachi Home Appliances (40% owned) / Beko Australia (distributor) Johnson Controls Hitachi Air Conditioning (40% owned) Hitachi Australia
Hitachi Televisions