Cross-Company Management of Material Risks under the Risk Management Regulations
First written in FY2018. 4 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2024.
36 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「During the consolidated fiscal year, we conducted a management risk assessment that considered risks that could impede our group’s sound and sustainable growth and the achievement of its materialities. Following discussion and approval at 2 meetings of the Risk Management Committee, we updated our group’s priority risks and selected, from among them, the risks requiring particular focus by the Board of Directors as top risks.」
The company specified the operation of its ERM framework, from management risk assessment and 2 discussions and approvals by the Risk Management Committee through updating priority risks, selecting top risks, and designating risk owners and responsible departments. - FY2023AdvancedAnnual report
「During the consolidated fiscal year, to further enhance management risk management, we decided to establish a new framework comprising a Risk Management Committee serving as an advisory body to the Board of Directors and chaired by the CRO (Chief Risk Officer), after considering the appropriate form of our group’s risk management with the participation of external experts. We also visualized our group’s priority risks by conducting a new management risk assessment that considers risks that could impede achievement of the medium-term management plan.」
The company established a risk management framework comprising the Risk Management Committee, CRO, Risk Management Department and ERM, advancing management risk assessment based on the medium-term management plan and visualization of priority risks. - FY2021AdvancedAnnual report
「The Corporate Planning Department, in cooperation with relevant departments, assesses the business risks required for formulating management strategies and business plans and making other important management decisions, and provides this assessment as an important input for decisions by directors and executive officers.」
The company specified that, under its enterprise-wide management of material risks, the Corporate Planning Department assesses risks in connection with management strategies, business plans and important decisions, and provides the assessments to directors and executive officers. - FY2020AdvancedAnnual report
「Our group engages in business continuity management (BCM) to minimize damage from various threats, including natural disasters, accidents, novel influenza and COVID-19, and to enable the early recovery and continuation of our business. Specifically, we have established an Emergency Response Plan (Crisis Management Headquarters Establishment Guidelines), an Emergency Response Plan (Employee Action Guidelines), a Crisis Management Plan (Business Continuity Plan Guidelines), and an Emergency Response Plan (Guidelines for Responding to Novel Influenza and Other Diseases). We are developing a framework to prioritize the lives and safety of employees, establish systems for continuing to provide services to customers, and minimize the impact on management by resuming and restoring operations at an early stage. We have also introduced an employee safety confirmation system to promptly confirm employees’ safety in the event of a disaster or accident. Regular simulation exercises covering all departments are also conducted, and we will further strengthen our efforts to establish a framework that prioritizes human life.」
The company described specific BCM measures for natural disasters, infectious diseases and other contingencies, including multiple emergency response plans, an employee safety confirmation system and regular training covering all departments. - FY2019RestatedAnnual report
「We have established Risk Management Regulations that comprehensively and across organizational boundaries define the material business risks of our group as a whole, designate the department responsible for each risk and clarify our risk management framework, while also prescribing the responses to be implemented when we face those material business risks.」
The company is reconfirming the management framework that defines material risks across the group and establishes responsible departments and response procedures. - FY2018First statedAnnual report
「We have established Risk Management Regulations that comprehensively and across organizational boundaries define the material business risks of our group as a whole, designate the department responsible for each risk and clarify our risk management framework, while also prescribing the responses to be implemented when we face those material business risks.」
The company described an enterprise-wide risk management framework that defines material risks across the group and establishes responsible departments and response procedures.