Enterprise-wide Assessment and Cross-functional Subcommittee Management of Key Risks
First written in FY2020. 2 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2022.
95 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「We assess and identify various business-related risks, including climate change, based on their estimated potential loss and frequency of occurrence. We also evaluate the control level for each risk, identify key risks requiring priority attention, designate the responsible departments, and seek to raise the level of risk management.」
We applied the risk assessment framework to climate change and extended it to TCFD analysis, designation of responsible departments and control-level assessments. - FY2021AdvancedAnnual report
「We assess the significance of risks based on their estimated potential loss and estimated frequency of occurrence, evaluate the control level for each risk, identify key risks requiring priority attention, designate the responsible departments, and seek to raise control levels by promoting risk-reduction activities.」
We specified the identification of key risks using potential loss, frequency of occurrence and control level, together with risk-reduction activities by the responsible departments. - FY2020First statedAnnual report
「The Risk Management Committee broadly classifies the various business-related risks identified into four categories: external environment risks, management strategy risks, operational process risks related to business activities, and operational process risks related to the management foundation. We assess the significance of each risk based on its estimated potential loss and estimated frequency of occurrence.」
We disclosed a framework under which risks are classified into 4 categories, key risks are identified based on estimated potential loss, frequency of occurrence and control levels, and managed by the BCP and Disaster Response, Financial Management, Compliance, Export Screening and Information Security subcommittees.