The Risk Management Committee was established to manage the risks surrounding the Group, and an internal system for risk management was created, which cycles through“ risk brainstorming”,“ risk evaluation”,“ risk mitigation planning”, and“ reporting results to the Risk Management Committee or the management meeting” in order to respond to the various risks in business activities.
We are also strengthening the risk management systems at Group companies and, led by risk control officers at each site, we are identifying risks, evaluating them and developing measures
to reduce them as necessary. The Company’s Risk Management Committee regularly checks the status of risk management.
We will continue to further strengthen the risk management systems of all Group companies.
The IT Management Subcommittee has been established to promote cross-departmental measures for IT management as a subordinate organization of the Risk Management Committee. As well as determining policies for the entire Company and supervising measures to prevent information leaks and unauthorized incursions, in FY2020 the Subcommittee implemented an investigation into the current status of IT management systems at overseas locations of the Group, enabling an understanding not only in technical aspects but also in a wide range of other topics, such as the setting up of administrative rules and training for system users.
In response to the global rise in cyber attacks, beginning in FY2021 the Subcommittee is focusing in particular on strengthening cyber security.
As part of its IT management educational activities, the Subcommittee draws attention to cyber attacks by distributing the“ IT Management Subcommittee News”, which contains easily understood explanations of methods used, and points to note, to employees of the Group.
It has raised a variety of topics, including phishing emails and impersonation emails, to help instill a wider understanding of the correct way, as a member of the Group, to deal with such attacks.
Based on its past experience of dealing with infectious diseases, such as SARS and MERS, the Company responded by putting in place a system that included raising the awareness of those going on business trips overseas and exchanging information with overseas locations. Similarly, in the case of COVID-19 the Company launched initiatives for related internal departments in January 2020 and handled the situation by publicizing information internally and implementing other measures in anticipation of the spread of infection.
In April 2020 the Company established a COVID-19 Task Force. As well as implementing measures to prevent the spread of infection within the Company, among employees and their families, customers and business partners, the Task Force led responses at a global level, such as exchanging information and adjusting production plans with overseas affiliated companies.
With the threat of COVID-19 continuing, we will encourage the adoption of new lifestyles and continue to promote measures aimed at preventing the spread of COVID-19.
In order to expand its CSR initiatives to the whole of the supply chain in cooperation with its business partners, the Company is rolling out“ CSR Procurement Guidelines”.
In addition to requesting that its business partners actively promote activities that conform to the Guidelines, the Company also asks that they perform periodic inspections of their own organizations using the“ CSR Self-Check Sheet”.
These guidelines are made available on the website of the Company so that all our stakeholders can view the content and related activities. Through such initiatives, not only do we seek to instill thorough compliance with respect for human rights, prevention of child labor and other issues, but we also aim to increase the corporate value of both the Company and our business partners.