Step-by-Step Review of Business Investment Risks and Comprehensive Management of Major Projects
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2023: 3 of 18 companies on the "Worse" side.
10 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「For CCUS, the Carbon Neutral Business Promotion Committee, chaired by the President, manages progress toward developing projects in Japan and overseas and coordinates among divisions. For domestic CCS, a dedicated business division has been established to promote commercialization.」
In addition to management by the Investment Evaluation Committee and Management Risk Committee, the Company established the Carbon Neutral Business Promotion Committee and a dedicated domestic CCS business division, making its management of CCUS project development and commercialization more concrete. - FY2024AdvancedAnnual report
「Under integrated risk management, the Company prepares a risk matrix and identifies and evaluates risks across the group. Internal divisions identify risks based on the nature of their businesses, areas of operation and relevant regulations, and quantitatively evaluate each risk from the perspectives of the likelihood of occurrence and the impact if it occurs.」
In addition to review by the Investment Evaluation Committee before investment and post-investment monitoring by the Management Risk Committee, the Company has disclosed a company-wide quantitative evaluation process using a risk matrix. - FY2022AdvancedAnnual report
「For significant investment projects, the Investment Evaluation Committee verifies the risks and appropriateness of the investment. For projects approved as individual investment decisions, the Management Risk Committee monitors progress and considers measures to address issues.」
The Company has clarified a management framework combining pre-investment review by the Investment Evaluation Committee with post-investment progress monitoring by the Management Risk Committee. - FY2020RestatedAnnual report
「The Company has established a system for managing business investment risks during the execution stage, including by preparing various manuals.」
The Company continues its system of stage-gated review and progress management by the Investment Evaluation Committee, Executive Committee, Board of Directors, and Comprehensive Project Management Committee. - FY2019First statedAnnual report
「In making decisions on business investments, the Company verifies business investment risks, including planning, strategy, financial and credit risks, under the responsibility of the directors and executive officers in charge of each division, after which decisions are made by the Executive Committee and, where necessary, the Board of Directors. Particularly significant investment projects are reviewed by the Investment Evaluation Committee, which verifies the risks and appropriateness of the investment and makes recommendations to the Executive Committee on whether to adopt the project and on its terms. For businesses established after investment, the Comprehensive Project Management Committee regularly monitors progress, focusing on major projects, and considers comprehensive, company-wide measures to address issues as necessary.」
The Company has, for the first time, described as a standalone topic its system of stage-gated review and progress management for business investments by the responsible divisions, the Executive Committee and Board of Directors, the Investment Evaluation Committee, and the Comprehensive Project Management Committee.