CSR activities in FY2019
Risk Management
Basic approach to risk management
We have developed the Risk Management Policy that outlines our basic approach to prevention and handling of risks that may hamper the execution of the group's business, and the Risk Management Regulations that set forth risk management
organizations and their roles. Through these measures, we promote group-wide risk management and BCP/BCM (Business Continuity Planning/Business Continuity Management).
We convene the Risk Management Committee as an advisory body for risk management twice a year, to regularly check the situation of risk surrounding the group's business, including changes in domestic and overseas circumstances. The committee
also formulates a groupwide risk management plan and discusses measures such as the promotion of BCP and BCM. The results of the discussion at the Risk Management Committee are reported to Board of Directors.
■Structural diagram
Promotion of global risk management
To promote worldwide risk management for the entire NTN Group, we selected nine risks as Global Risks that are common to both domestic and overseas subsidiaries and are expected to cause major impacts on management if they occur.
The management status of nine risks of domestic and overseas affiliated companies is regularly monitored via our database, and we assess the status according to the global common standards we have developed. Based on the assessment results, we
identify the current status of risk management in the Group as a whole, and push ahead with necessary measures including support for development of the internal rules.
With regard to global risks identified, the Risk Management Committee conducts periodic revisions and checks on the risks identified, taking into account changes in the environment.
■Global risks
- Leakage of confidential information
- Computer virus / cyberterrorism
- Violation of antimonopoly law / competition law
- Natural disaster
- Fire disaster / explosion
- Issue of human rights
- Industrial accident
- Complaint about product quality
- Violation of bribery-related laws
Promotion of BCP/BCM
We have been developing a BCP/BCM structure designed to respond to major earthquakes in Japan and are working to strengthen our disaster response systems, including those of our group companies.
By the fiscal year ended March 31,2020, we have completed the formulation of BCP to enable early disaster recovery at all domestic production sites. We have also implemented BCP training to assess the effectiveness of the formulated action
plans and take necessary advance measures. In doing so, we are moving ahead with development of BCM.
As part of our supply chain management, we are also working to develop a natural disaster risk assessment system and an audit system for suppliers, and to formulate BCP at our logistics bases.
■BCP training
Response to the new coronavirus (COVID-19)
In response to the spread of the new coronavirus, we established the Central Headquarters with President, Executive Officer as chief of headquarters to respond to emergencies. Based on the basic concept shown below, we are promoting the necessary measures globally. We will continue to closely monitor the future situation and take appropriate measures.
①Give top priority to ensuring the safety of employees and their families
②Thorough precautions should be taken to prevent an increase of infected persons as much as
possible
③Efforts are made to ensure customer business continuity