Risk Management
To promote the reduction of risk and the creation of business opportunities, the Company promotes risk management activities, such as holding meetings of the Global Risk Management Committee twice a year, chaired by the President and also comprised of the Board of Directors, Senior General Managers, Deputy Senior General Managers and General Managers.
The Company classifies risks, including risk events related to climate change, into four risk levels based on indicators such as their level of importance and frequency of occurrence, and has established the departments responsible for the handling of those risks. In addition, the Company forms project teams for countermeasures as required for events judged to present extremely high-risk to promote activities, and the committee deliberates carefully and thoroughly on risk reduction activities and the state of progress towards short, medium- and long-term targets before submitting the content of deliberations to the Board of Directors regularly.
