Business Risks and Uncertainties
Our basic risk management policy is that each division identifies operational risks and other types of risks that it may face, takes appropriate preventive measures, and responds appropriately in cooperation with other relevant divisions if a risk manifests itself.
For preventive measures against potential risks including those related to ethics and legal compliance, the Compliance Subcommittee of the ESG Committee oversees the development and implementation of the company-wide plans.
When a risk occurs or is likely to occur, the Risk Management Committee handles the risk in cooperation with the relevant divisions.
We regularly check whether the above-mentioned activities are implemented properly to prevent our risk management system from falling into mere formality, and strive to maintain and improve its effectiveness.
Factors that may significantly affect the performance and the financial position of the Kaneka Group include those described below.
Please note that the matters described are only those that we considered risks as of March 31, 2018 and that this is not an exhaustive list of risks borne by the Group.
- Risks related to the Group’s ability to maintain operational advantages and trends in the Japanese and overseas economic environments
- Risks associated with the globalization of our business (fluctuations in foreign exchange rates and overseas business development)
- Risks of price fluctuations of raw materials and fuels
- Risks associated with product liability, industrial accidents and large scale disasters
- Risks associated with the protection of intellectual property rights
- Impact of environment related regulations
- Risks associated with legal action
- Other risks
Strengthening of Information Security
Kaneka Group has established a Basic Information Management Policy, and works to disseminate it to all employees, thereby ensuring appropriate management of information.
Basic Information Management Policy
- Observance of laws/regulations and rules
The trust and confidence of society and customers is the most precious asset the Group must protect.
Complying with laws and regulations, social norms, and internal regulations/procedures is the basic principle that all individuals engaged in business activities should follow.
- Protection of confidential information
Confidential information concerning manufacturing processes, research, sales, etc. is the source of the Group’s competitiveness.
All individuals engaged in business activities must be fully aware of this, and must not leak such information or use it for illicit purposes. In particular, data requiring strict handling, such as personal information and information entrusted as confidential from other entities, must be identified as such and managed strictly by the person in charge of information management at each company.
- Establishment of systems/structures
In order to sustain and expand the Group’s business, it is essential to make effective use of information and increase the efficiency of business operations.
In addition to establishing rules regarding information security and continuing to improve information systems to ensure safe, effective use of information, the persons responsible for information management should be determined to ensure appropriate information management.
- Implementation of training and awareness-raising programs
With the strengthening of Group management and increased use of external resources, people with diverse values and ethics are involved in Kaneka’s business operations.
To ensure smooth cooperation with these members, efforts should be made to raise awareness of information security risks and to enhance and continue training on information security including ethical aspects.
To protect its information assets from risks including cyberattacks, Kaneka Group continues striving to enhance security levels, by utilizing the knowledge of external experts.
To increase employees’ awareness and sensitivity toward prevention of risks such as leakage, falsification and illicit use of information, we issued the “Information Security Guidebook” in 2006. We work to raise employee awareness and understanding of information security, through various measures such as regular hierarchical training, audits, and e-learning courses.
Information Security Guidebook