Promotion System
Governance
Sustainability Promotion System
The Company has established the Rules on Promoting Sustainability based on the Sustainability Policy set forth by the Board of Directors, and is developing a system for implementing sustainability initiatives in accordance with these Rules.
The President serves as the Chief Sustainability Officer in charge of the execution of business activities based on the policy set forth by the Board of Directors, and the Executive Officer responsible for Administration serves as the Sustainability Executive in charge of the execution of individual measures.
As organs for promoting sustainability initiatives, the Company has established the Sustainability Committee to study and formulate various policies, targets, and measures, and the Sustainability Promotion Group to develop the system and execute various measures. The Sustainability Committee is chaired by the President and comprises members of the Sustainability Promotion Group and members appointed by each department.
Sustainability Promotion Group
Under the supervision of the Director responsible for Administration who has execution responsibility, the Sustainability Promotion Group establishes systems and implement various measures for promoting sustainability and reports to the Sustainability Committee and the President who has the ultimate responsibility.
Sustainability Committee
In order to promote sustainability across the company, we have established the Sustainability Committee under the direct control of the President. The Committee works on various measures in cooperation with each department, with the Sustainability Promotion Group leading the efforts, and regularly reports these activities to the Management Meeting and the Board of Directors
Structure
The Committee meets at least once every three months in principle and cooperates with each department cross-sectionally to work mainly on the following matters.
1. Consider policies for addressing sustainability
2. Identify, assess, and manage risks and opportunities related to sustainability
3. Manage the progress of initiatives in order to mitigate risks and expand opportunities related to sustainability
4. Set metrics and targets for managing the progress of sustainability initiatives
Risk Management
Risk Management System
1. Process of identifying and assessing risks and opportunities
The Executive Officer responsible for Administration, who is the Sustainability Executive, instructs the Sustainability Promotion Group to conduct identification and assessment of sustainability-related risks at least once a year.
The Sustainability Promotion Group conducts verification of factors such as the financial impact, likelihood of occurrence, and return on investment for the respective risks and opportunities, and reports on the progress and results of their assessments to the Sustainability Committee.
The Sustainability Committee prioritizes the risks and opportunities that should be addressed first based on the results of the assessments regarding the financial impact and likelihood of occurrence of the risks and opportunities identified by the Sustainability Promotion Groupe.
2. Process for managing risks and opportunities
The President, as the Chief Sustainability Officer, designates departments or persons in charge of responses to high-priority risks and opportunities based on the results of the deliberations by the Sustainability Committee, and instructs departments or individuals to formulate and propose measures to address them.
The proposed measures formulated by these designated departments or persons will, depending on their content, be integrated with company-wide business and financial plans, then implemented, after deliberations by the Sustainability Committee, the Risk Management Committee, the Management Meeting, the Board of Directors, or an appropriate internal committee or other meeting body.
Risks related to sustainability issues are also shared with the Risk Management Committee with a view to integrating the identification, assessment, and management process for sustainability risks with the overall risk identification, assessment, and management processes of the Company.