Risk Management
Policy and Basic Approach
The basic policy on Group-wide risk management activities is set forth in the Company regulations, as specified below.
(1) The Kansai Paint Group deems risk management to be an important management task, and works to minimize human, economic, and social damage, carry out early restoration and prevent recurrence, while supporting the development of people and society, by contributing to providing new value and resolving social issues such as ESG and the SDGs.
(2) The Kansai Paint Group, led by the Risk Management Committee, repeatedly extracts, analyzes, evaluates, and monitors risks in cooperation with each department, and strives to continuously conduct reviews and make improvements
(3) The Kansai Paint Group promotes business continuity management activities to prepare for crises, and also responds swiftly with integrity in the event of an emergency, to minimize damage through responsible actions, in line with laws and regulations and social norms, while placing the highest priority on the safety of human life.
(4) The Kansai Paint Group discloses information in a timely and appropriate manner to customers and shareholders, regarding the details of, and initiatives for the risks surrounding the Company, and builds strong relationships with them.
(5) The Kansai Paint Group provides each employee with opportunities to learn from one another with modesty through regular education and training, in order to enhance their ability to deal with risks, and to lead each employee to act appropriately as a member of society.
Structure & System
We established the Risk Management Committee under the supervision of the Corporate Governance Committee, and have put in place a system for cross-organizational risk management by preparing various regulations and manuals in order to properly respond to crises and prevent potential business continuity risks.
• Risk Management Committee: Comprised of the heads and chiefs of the six business units, and held twice a year. The Committee shares internal risk information, evaluates risks, identifies important risks, considers response policies, and reports and proposes policies for dealing with risks, as well as measures to prevent recurrence to the Board of Directors. The committee improves risk management awareness within each business unit, primarily by adopting the policies determined within that business unit, understanding the status of implementation, and providing education.
Initiatives
Process for Identifying Risks
The Kansai Paint Group uses risk management tools to predict anticipated business risks and improve the accuracy of predictions to reliably implement its growth strategy and sustainably enhance corporate value, even in an environment of increasing global economic and geopolitical uncertainty. We are continuing to strengthen our resilience to enable the Group to accurately ascertain conditions and respond swiftly to all types of risk and change through proper management of them.
Risk Chart
- BCP response
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Since the time of our founding, our basic management policy has been to “contribute to the development of the economy and society while pursuing profits,” and we have placed an emphasis on fulfilling our social responsibilities as a good corporate citizen. Implementation of compliance is becoming increasingly important in a diversified society. We will make efforts to become a truly global company that is trusted by society and contributes to the world, by not only complying with laws and regulations and social norms, but also engaging in business with integrity and high ethical standards.
- Information security countermeasures
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The Information Security Committee was established in April 2022 to implement technical countermeasures and Company-wide information management and strengthen security. During the initial year of operation in FY2022, the committee improved both the hard and soft aspects of response capabilities by providing year-round training to employees through e-learning and drills on targeted email attacks, in addition to physical response.
