Risk Management
As far as risk management is concerned, we have established an ERM* system that in addition to identifying Group-wide major risks, shares and manages these risks within the Group. Risks related to environmental issues are also assessed in an integrated manner, together with other risks that are expected to have a significant impact on management.
Risks that effect the Group as a whole and each organization, including such environmental issues as climate change, resource recycling, water resources, and biodiversity, are shared and deliberated at Board of Directors, Sustainability Committee, in-house management, and subcommittee meetings.
The Board of Directors shares the view that risks related to environmental issues are important external environmental risks. Consideration is also given to medium-to long-term strategies when formulating management plans as well as transition plans that contribute to the solution of environmental issues. Against this backdrop, we formulate the Environmental Medium-term Plan.
- Enterprise Risk Management： Refers to Group-wide mechanisms and processes for Group-wide and integrated risk management and risk management activities.
(For details see Risk Management System.)
Risks related to environmental issues are reported to the Sustainability Committee after information is gathered and evaluated by the Environmental Subcommittee and deliberated along with Group-wide policies, major measures, and target achievement levels.
The issues discussed by the committee are identified as major risks by the Board of Directors with countermeasure policies and major measures finalized. The identified major risks, Group-wide policies, and major measures are reported to each subcommittee, including the Environmental Subcommittee, and incorporated into action plans as Group-wide and divisional company-specific measures.
In addition, by reflecting the results in organizational risk management activities conducted by 170 organizations, including domestic and overseas affiliates, we are promoting an ERM system that combines Group-wide risk management activities with organizational risk management activities.
Environmental Impact Assessment
SEKISUI CHEMICAL Group undertakes design reviews at the time of product process development and modification and conducts environmental impact assessments at all stages of a product's lifecycle.
Assessment of the environmental impact of products
Scope: All stages of the product lifecycle
Targets: Products and processes
- Out_E08
- Environment-Contributing Products have evolved into Products to Enhance Sustainability from fiscal 2020.
For details, see Products to Enhance Sustainability.