Group-wide Risk Management and Internal Audit
First written in FY2016. 4 of 7 entries say "Advanced", first in FY2018. Latest entry: FY2024.
73 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「The Group recognizes 8 individual risks, including climate change risk, as highly significant risks. The Risk Management Committee centrally oversees the risk management undertaken by each Group company, under the supervision of the Board of Directors.」
The 7 individual risks plus climate change risk have been organized as 8 significant risks, with centralized oversight by the Risk Management Committee and supervision by the Board of Directors explicitly stated. - FY2022RestatedAnnual report
「Individual significant risks are managed according to their type by the Risk Management Committee and the Group Management Committee, while overall risk is centrally managed by the Risk Management Committee and reported to the Board of Directors.」
Group-wide management continues through the Risk Management Committee, the Group Management Committee, internal audits, and reporting to the Board of Directors. - FY2021AdvancedAnnual report
「Under the Group's Basic Risk Management Regulations, seven individual risks that could hinder the achievement of the management objectives of Group companies have been defined: investment risk, financial capital risk, human resources and labor risk, legal and compliance risk, IT and digital strategy risk, information security risk, and crisis management response. In addition, climate change risk is recognized as a significant new risk.」
The existing risk management framework has been refined into a framework covering seven individual risks and climate change risk, with the six materialities of GROUP VISION 2030 and related opportunities and risks managed together. - FY2020AdvancedAnnual report
「Under the Basic Risk Management Regulations, the Group has identified 7 individual risks as events that could hinder the achievement of the management objectives of Group companies. Among these individual risks and newly identified risks of high importance, the Group recognizes 4 risks, investment risk, financial capital risk, human resources and labor risk, and climate change risk, as having a particularly significant impact on business results, financial position and other matters.」
Seven individual risks have been defined, with four risks—investment, financial capital, human resources and labor, and climate change—identified as having a significant impact. For investment risk, the company has also introduced VaR calculations and ongoing monitoring. - FY2019RestatedAnnual report
「For major risks, the Company designates a department responsible for each individual risk based on the Basic Risk Management Regulations, and the Risk Management Committee manages risks across the Group comprehensively and centrally.」
The Company continues its enterprise-wide management framework based on the Basic Risk Management Regulations, Risk Management Committee, internal audits and Basic Emergency Response Regulations. - FY2018AdvancedAnnual report
「For major risks, the Company designates a department responsible for each individual risk based on the Basic Risk Management Regulations, and the Risk Management Committee manages risks across the Group comprehensively and centrally. Internal audits also verify the adequacy of the risk management framework and related operations, while audits of material risks are conducted systematically according to priority.」
In addition to the existing Basic Risk Management Regulations, the Company specifically describes an enterprise-wide management framework involving the Risk Management Committee, Group Internal Audit Department and Basic Emergency Response Regulations. - FY2016First statedAnnual report
「The Company established the Basic Risk Management Regulations concerning the development and operation of risk management systems at each Group company and has operated them since fiscal 2014.」
The Company presents a systematic framework for risk assessment, analysis and management, the development of regulations and manuals, and audits of Group companies by the Internal Audit Department.