Sustainability InitiativesRisk Management
Objectives of Risk Management
The purpose of this policy is to respond to and plan for an emergency (an emergency refers to the occurrence, or the possibility of occurrence, of damage to employees or local residents, loss of trust in business partners, or a decrease in company assets due to compliance issues, plant accidents, natural disasters, overseas terrorism, etc.) from among possible risks in the course of our business activities, and to take prompt and appropriate action in the event of an emergency, in order to protect and save lives, ensure the safety of officers and employees, restore the trust of local residents and business partners, quickly restore operations, and preserve company assets.
Risk Management System
To promote compliance and conduct risk management, we have established the Compliance and Risk Management Committee, which meets at least twice a year. This committee is chaired by the President and consists of the Board Director in charge of Legal & General Affairs Department, the chairpersons of the committees, and the chairpersons of the RC Promotion Council.
In the event of an emergency, the Emergency Response Headquarters, headed by the President, will be responsible for crisis management.
In addition, we have established an emergency response manual to identify possible risks, and have formulated countermeasures.
In the event of an emergency, we will take prompt and appropriate action to prevent the spread of damage, ensure the safety of our officers and employees, secure the trust of our customers and local residents, quickly restore operations, and protect the Company’s assets.
BCP (Business Continuity Plan) Initiatives
Because we supply unique products with our original technologies to countries all over the world, we recognize that it is our social responsibility to continue to provide a stable supply of products.
In addition to promoting the decentralization of production bases, including those overseas, we have formulated a BCP to protect human lives, preserve facilities, and promptly resume operations in the event of an emergency.