Our basic mission is to prevent operational crises and to minimize the effects should a crisis occur. Since fiscal 2007, we have operated with Basic Risk Management Regulations, authorized by the Board of Directors, which provide clear guidelines to heighten the capability and effectiveness of risk management and emergency response throughout the Asahi Kasei Group, as a key aspect of fulfilling our social responsibility.
In the event of any major accidents, incidents, or problems which cause significant damage to Asahi Kasei Group operations or which may foreseeably cause our operations to have adverse effects on the general public, we establish a group emergency response headquarters headed by the President of Asahi Kasei Corp., and the headquarters works with various divisions and departments to ensure that the proper response is taken.
Strengthening the risk management and compliance system
The expansion of our global businesses through several M&As, including ZOLL Medical Corporation in 2012, and Polypore International, Inc. in 2015, and the occurrence of manipulation of precast concrete pile installation data by subsidiary Asahi Kasei Construction Materials, have prompted a review of our compliance system.
To reinforce the company-wide configuration, we established Risk Management & Compliance in January 2016 as the central hub to aggregate all risk management and compliance-related information. Managers responsible for risk management and compliance were designated in each strategic business unit and core operating company; they will lead the effort to achieve thorough compliance and perform a review to identify latent risks within each organization. We will formulate specific methods to strengthen compliance and obtain thorough risk management in accordance with the following policies.
Basic policy: Formulate and disseminate Code of Conduct for all employees in Japan and overseas
- (1)Adopt global standardized Corporate Ethics—Basic Policy and Code of Conduct
- (2)Formulate and implement compliance education programs
- (3)Monitor the dissemination of the above (1) and (2) among employees
- 2.Risk management
Basic policy: Understand risks by business and establish a crisis response system
- (1)Identify risks in each business and each affiliated company
- (2)Formulate countermeasures to identified risks; monitor and periodically review
- (3)Establish and maintain a crisis response system