Risk Management
Basic Concept
The Group regards the various risks surrounding its business activities as uncertainties that may affect the achievement of its management objectives. We believe that appropriately managing the entire process from risk prevention through response when risks materialize to resolution and prevention of recurrence enables us to fulfill our social responsibilities and contributes to enhancing stakeholder trust and realizing Vision 2030.
In our risk management activities, while respecting the autonomy of each Group company, we identify and assess significant risks from a common perspective and take the necessary actions in response. We also place importance on the “BAD NEWS FIRST” approach of promptly sharing unfavorable information, even when unforeseen events occur. Under an open organizational culture, we strive to respond to risks promptly and appropriately.
Structure
The Group promotes integrated risk management throughout the Group based on its Basic Policy and Regulations on Risk Management and Business Crisis Management Regulations. The Board of Directors oversees the Group’s overall risk management system, while each Group company and each department engages in risk identification and assessment, response, improvement, and monitoring as part of its day-to-day business activities.
In the event of an incident or crisis, we have established a system for taking prompt initial response and, in coordination with external experts, preventing the spread of damage, minimizing losses, and achieving the early recovery of business activities.
To enhance the Group’s ability to respond to Group-wide risks, the Risk Management Department promotes risk management, compliance, and crisis management in an integrated manner. We seek to drive continuous improvement by taking a consistent approach spanning the identification of risks under normal circumstances, initial response in an emergency, and prevention of recurrence, and by reporting the details of these activities and related issues to management as appropriate.
BCP (Business Continuity Planning) Initiatives
The Group has established a system that enables prompt action in the event of emergencies such as disasters. We continuously conduct drills simulating fires and earthquakes, as well as drills using an employee safety confirmation service, to strengthen our systems for gathering information and maintaining communications in the event of a disaster. In an emergency, we strive to minimize damage, giving the highest priority to protecting human life, restoring business activities as quickly as possible, and maintaining public trust in the Group.
Initiatives to Foster a Risk Culture
The Group believes that fostering a corporate culture in which each employee practices risk management as part of their day-to-day duties is important for enhancing the effectiveness of the Group's risk management activities. Through education and training tailored to employees’ roles and the continuous dissemination of information, we seek to deepen employees’ understanding of the purpose and role of risk management and heighten their risk awareness in their day-to-day duties.
We also continuously provide information on risk management and compliance and promote the consistent practice of appropriate conduct based on laws, regulations, and social norms. Going forward, we will continue to foster an organizational culture in which each employee can detect risks at an early stage and appropriately report and respond to them.
Risk management training program