Enterprise-wide Risk Management, Internal Audit and Compliance Framework
First written in FY2016. 5 of 7 entries say "Advanced", first in FY2018. Latest entry: FY2026.
95 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Sustainability Management Committee (Chair: President and Executive Officer) deliberates on the various risks and opportunities facing the Group, analyzing them in terms of likelihood of occurrence, potential impact, and other factors, and identifying themes requiring priority management and the departments responsible for responding.」
The company has established a four-stage management process covering risk identification, assessment, response and implementation, and monitoring, together with a mechanism for designating the department responsible for each response. Key risks and opportunities are reported by the Sustainability Management Committee to the Board of Directors. - FY2025AdvancedAnnual report
「For risks identified as "key risks" by the Sustainability Promotion Committee, the Risk Management Committee considers and determines response policies to mitigate those risks. The Board of Directors receives reports on the Risk Management Committee's activities at least once a year, issues instructions as necessary, communicates them through the Risk Management Committee to each headquarters and business division, and monitors the status of responses.」
The company has established specific processes and monitoring for integrating key sustainability risks, including climate-related risks, from the Sustainability Promotion Committee to the Risk Management Committee and the Board of Directors. - FY2024AdvancedAnnual report
「For climate-related risks, a subcommittee of the Sustainability Promotion Committee identifies and assesses new risks, taking into account their impact on the Group's businesses, namely the Piping Systems Business, Plastics Business, and Water Treatment and Resource Development Business. The Sustainability Promotion Committee then identifies the "key risks" requiring management.」
In addition to the existing management of management strategy and operational risks, the company has established a specific process for integrating climate-related risks from the Sustainability Promotion Committee into the Risk Management Committee. - FY2021AdvancedAnnual report
「The company has established methods for managing management-strategy risks and business risks. To manage business risks more appropriately, it established a Risk Management Committee as an entity directly under the Board of Directors, chaired by the president and executive officer, and regularly determines policies for addressing material business risks.」
The company has established a specific group-wide risk management framework that distinguishes management strategy risks from operational risks and includes the appointment of a risk management officer, a risk management committee, the determination of key risks, and monitoring of preventive measures and responses when risks occur. - FY2019RestatedAnnual report
「To manage business risks more appropriately, the company established a Risk Management Committee as an entity directly under the Board of Directors, chaired by the president and executive officer, and regularly determines policies for addressing material business risks.」
The company continues group-wide risk management through the Risk Management Committee, risk management regulations, a BCP, frameworks for export controls and compliance with antitrust laws, and internal audits. - FY2018AdvancedAnnual report
「To manage business risks more appropriately, the company established a Risk Management Committee as an entity directly under the Board of Directors, chaired by the president and executive officer, and regularly determines policies for addressing material business risks. Material events that occur are also reported to the Board of Directors.」
In addition to the existing framework for prioritizing, preventing and responding to risks, the company gave concrete form to group-wide management mechanisms, including a Risk Management Committee directly under the Board of Directors, a BCP, and frameworks for export controls and compliance with antitrust laws. - FY2016First statedAnnual report
「Within the Group, business-related risks are prioritized, and for each prioritized risk, internal rules and other measures are established that set out procedures and systems to prevent its occurrence and response methods in the event it occurs. The responsible departments manage the risks based on these measures, and material events that occur are reported to the Board of Directors.」
The company has established risk prioritization, procedures for prevention and response, management by responsible departments and reporting of material events to the Board of Directors.