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Feb 1, 2011

Panasonic Named to 2011 Global 100 Most Sustainable Corporations in the World

Panasonic made the seventh annual list of the world's 100 most sustainable companies as it earned high marks for integrating sustainability challenges into its business strategy.

Osaka, Japan - Panasonic Corporation today announced that it has been named to the 2011 Global 100 Most Sustainable Corporations in the World, one of the highly-recognized indexes for corporate sustainability. It marks the fourth time since the company received the recognition in 2006, 2008 and 2009. The global ranking was launched in 2005.

The Global 100 is compiled annually by Corporate Knights, a Canadian magazine focused on responsible corporate practices, which collaborates with its strategic partners to rate corporations worldwide based on a thorough analysis of their environmental, social and governance (ESG) performance. The Global 100 is announced each year at the World Economic Forum in Davos.

Panasonic made the seventh annual list of the world's 100 most sustainable corporations as it earned high marks for integrating sustainability challenges into its business strategy.

Panasonic announced last May its business vision aiming to become the No.1 Green Innovation Company in the Electronics Industry by 2018, the 100th anniversary of its founding. While it has been striving to achieve the goal, Panasonic developed in October last year an environmental action plan called Global Plan 2018 to facilitate the company to achieve its environmental goals and business growth by placing the environment at the center of all its business activities.

Panasonic has been addressing a wide range of corporate social responsibility issues, including environmental issues, human rights, safe and hygienic working environment and corruption. The company has been practicing good corporate citizenship and socially responsible procurement on a global basis as well. For example, to ensure fair and transparent business practices at Panasonic Group companies worldwide, the company has developed a compliance program with specific clauses to prevent bribery of public officials and suspicion-inducing behaviors by its employees. For procurement and supply chain management, Panasonic has been conducting in a fair and appropriate manner, in accordance with its Clean Procurement Declaration, and has further extended its CSR guidelines throughout its supply chain down to the raw materials towards the non-use of "conflict minerals."

As a "public entity of society," Panasonic strives to fulfill its responsibilities to help build a sustainable society, while continuing to make contribution to society through its business activities.

More information about Panasonic's CSR efforts can be found at http://panasonic.net/csr/

About Panasonic

Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 7.42 trillion yen (US$79.4 billion) for the year ended March 31, 2010. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net/.

Media Contacts:

Overseas Public Relations Office
Panasonic Corporation
Tel: 03-6403-3040 Fax: 03-3436-6766
Panasonic News Bureau
Tel: 03-3542-6205 Fax: 03-3542-9018
*The content in the following news releases is accurate at the time of publication but may be subject to change without notice. Please note therefore that these documents may not always contain the most up-to-date information.

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