Approach to Risk Management
The Unitika Group recognizes the possibility that risks may occur, and strives to avoid such risks, minimize their impact, and take other proactive measures, or to deal with them after the fact if they do occur.
Risk Management System
We have set up a risk management system in the Unitika Group under the Risk Management Committee and in accordance with the Risk Management Regulations. With this system, we are ensuring the continuity of the Unitika Group by preventing the occurrence of risks and minimizing the loss and damage incurred when risks occur.
The Chief Risk Management Officer, who is also the Chairman of the Risk Management Committee, has overall control of risk management for the entire Group, under the direction of Unitika’s Representative Director and President, Chief Executive Officer. The risk management managers in each business and management sectors and Group companies have overall control of risk management in their own sector/company.
The Risk Management Committee meets once a year in principle. The Committee organizes countermeasures for risks that the entire Unitika Group should be ready for, and risks that have a substantial impact on business operations. It inspects the progress status of these countermeasures, and considers and deliberates on matters such as those associated with investigating the causes of risks occurring and considering ways to prevent their recurrence. The outcomes of the discussions at the Risk Management Committee are reported to the Board of Directors and the Board of Auditors.
The Unitika Group has been restructuring the Risk Management System as part of our efforts to reform the corporate culture and awareness. So far the Risk Management Committee has been central in identifying and evaluating individual risks and company-wide common risks, and in drawing up a risk map. Each department that handles those risks prepares a risk countermeasures sheet every six months. The Risk Management Committee Secretariat uses this sheet to manage the progress of the risk countermeasures. At the same time, the risk map is renewed and the risks are reviewed to check if there are any new risks that have emerged or any changes in the evaluation of risks. In this way, the Unitika Group is working to understand and minimize the latest risks of the Group overall.
Please refer to Safety & Health and Disaster Readiness for information on how the Unitika Group prepares for potential disasters.
Information Security Management
In accordance with the Unitika Group’s Information Security Declaration, we have established a Basic Policy on Information Security and the internal rules for operating the policy.
Unitika has established a management and operation system centered around the governing body of the Information Systems Department. This system was set up to prepare and implement measures to prevent and respond to information security incidents, as well as protect the Unitika Group’s information assets through education about and raising awareness of information security.
Regarding the protection of personal information, Unitika handles this in accordance with the laws and regulations, such as periodically inspecting the information held and how it is handled, and taking comprehensive measures for security management.
Also, to respond to the rising risks and threats of cyber-attacks, we continuously conduct vulnerability diagnostic services provided by specialist institutions, implement ransomware measures (protection from data falsification and deletion, etc.), and carry out training and e-learning to prepare for targeted attacks. Through these measures, Unitika is striving to prevent accidents in business operations across the entire Group, including domestic and overseas production sites, employees, and supply chains.