Operation of the Enterprise Risk Management (ERM) Framework
First written in FY2019. 7 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
95 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「During the current fiscal year, we selected “personal information leaks” and “declines in the value of assets held due to changes in the economic environment” as critical risks for the Group and worked to mitigate their impact.」
ERM progressed to selecting key Group risks based on risk identification by major operating companies and monitoring risk mitigation plans. - 2026-05-20AdvancedGeneral Meetings of Shareholders
「During the current fiscal year, we selected “personal information leaks” and “declines in the value of assets held due to changes in the economic environment” as critical risks for the Group and worked to mitigate their impact.」
ERM progressed to the operational stage of selecting critical group risks and formulating and monitoring risk-mitigation plans. - FY2025AdvancedAnnual report
「In addition to appointing a CRO, we will establish a Risk Management Department, identify key risks across the Group, and reduce risk by promptly and accurately formulating mitigation plans.」
ERM was expanded to include the appointment of a CRO and establishment of a Risk Management Department. - FY2023AdvancedAnnual report
「For fiscal 2023, we selected an increase in refinery problems and low operating rates as key risk events requiring focused action. Going forward, the responsible departments will determine response policies and monitor progress in addressing these events.」
ERM's priority risks requiring focused action progressed to cover increasing refinery problems and low operating rates. - FY2022AdvancedAnnual report
「For fiscal 2022, we selected the risk of stronger demands for action in response to the transition to a decarbonised society as a key risk event. Going forward, the responsible departments will determine response policies and monitor progress in addressing the event.」
Under the ERM priority-risk selection process, climate change and the response to decarbonisation were selected as priority risks for fiscal 2022. - FY2021AdvancedAnnual report
「For fiscal 2021, we selected climate change risk, including the global trend toward decarbonisation, and information systems risk, including IT security incidents, as key risks requiring focused action. Going forward, the responsible departments will determine response policies and monitor progress in addressing these risks.」
Under ERM, climate change and IT security were selected as priority risks requiring focused action for fiscal 2021, and the process progressed to response and monitoring by the responsible departments. - FY2020AdvancedAnnual report
「Our Group has established and operates an Enterprise Risk Management (ERM) framework to respond appropriately to risk events affecting Group management.」
ERM operations continued, including the selection of priority risks, implementation of response measures, and reporting to the Management Committee and the Board of Directors, and were also used in establishing the headquarters for the response to COVID-19. - FY2019First statedAnnual report
「We have introduced a process under which, each fiscal year, we identify risk events that could have a material impact on Group management, select key risks requiring focused action, implement response measures, and report progress to the Management Committee and the Board of Directors.」
An enterprise-wide risk management framework was established, with a new process explicitly defined for selecting priority risks each fiscal year, implementing response measures, and reporting to the Management Committee and the Board of Directors.