Risk Management

Basic Policy

  1. Basic Objective

    The basic objective of our company shall be to make company-wide efforts to avoid and minimize serious risks by establishing a total risk management system that aims to prevent risks and accurately respond to them when they become apparent through the early detection of risks that could potentially obstruct the practice of our corporate philosophy and the achievement of sustainable sound growth and development together with our stakeholders.

  2. Code of Conduct Guidelines
    1. We shall first and foremost ensure the safety of the lives and bodies of our stakeholders (including officers, employees, etc.) including consumers, and will strive to avoid and minimize risks that threaten that safety as our top priority.
    2. We shall prioritize the management of risks that may obstruct business continuity, as well as impede the reliability and appropriateness of financial reporting.
    3. Compliance risks, large or small, must never be taken.
    4. With the awareness that corporate activities are constantly exposed to various risks, officers, employees, and other relevant personnel shall recognize that they are main constituents (risk managers) and therefore responsibly strive to discover and manage potential risks.
    5. Risk decisions shall be made by the organization. Risk information, however trivial, shall be reported.
    6. When risks become apparent, we shall responsibly and proactively deal with them precisely, strive to minimize the impact and prevent them from reoccurring.

Risk Management Structure

With the Total Risk Management Promotion Regulations in place, the Company has formed the Total Risk Management Committee to serve as the principal vehicle for the Company's total risk management system. This committee prioritizes the management of risks that may materially impact business continuity. Accordingly, the committee promotes the preparation of manuals and focuses on identifying, analyzing and evaluating signs of materializing risks to quickly detect and prevent such potential risks quickly.
In addition, we have identified key sustainability issues (materiality) as risks and opportunities to be resolved over the medium to long term and are working on them as reflected in our medium-term management plan, with sustainable management as the cornerstone of our efforts to resolve social and environmental issues.