Governance and risk management
Risk management, strategy, indicators, and targets as well as the management of their progress, in relation to human capital and diversity, are discussed, reviewed, and reported within the Sustainability Committee. The results are then resolved after discussion, review and reporting at the Board of Directors’ meeting.
With regard to the specific process of human capital-risk management, the risks and opportunities are first identified by the Human Resources Department and the Human Resource Development Department under the Administration Division, with support for initiatives provided by the CSR Department under the Sustainability Promotion Division. The Human Resources Department and the Human Resource Development Department work together with the administrative departments of each Group company to collect data on human capital, verify the impact of the risks and opportunities identified as well as the response status, review the response strategy, and report the outcomes of these activities to the Corporate Planning Office, which serves as the general risk management division. This information is incorporated into the overall risk management. The integrated information is reported by the Corporate Planning Office to the Sustainability Committee where the information is shared across the entire Group, and the review of the response strategy and initiatives are promoted.
The discussions at the Sustainability Committee are reported to the Board of Directors, based on which the Board of Directors makes a decision on the final response policy, and supervises the Sustainability Committee which monitors the promotion and progress status.
Roles of committees and departments in the human capital-related management system
The table below can be scrolled horizontally.
| Committee/Department | Role |
|---|---|
| Board of Directors | The Board of Directors decides on the final response policy and strategy for human capital-related issues, receives reports from the Sustainability Committee on the promotion and progress status, and carries out supervisory duties. |
| Sustainability Committee | With respect to human capital-related issues, the Sustainability Committee promotes the sharing of information with the entire Group, considers the response policy, promotes initiatives, and makes recommendations and reports to the Board of Directors. |
| Relevant Group companies and administrative departments of each company |
The relevant Group companies and administrative departments of each company provide information to the Human Resources Department and Human Resource Development Department on the human capital-related initiatives. The Presidents of the Group companies partake in the Sustainability Committee and share information, while the administrative departments of each company take actions based on the response policy and strategy. |
| Corporate Planning Office | The Corporate Planning Office integrates the human capital-related risks and response strategy reported by the Human Resources Department and Human Resource Development Department with the overall risks and strategies. |
| (Sustainability Promotion Division) CSR Department |
The CSR Department under the Sustainability Promotion Division provides support to the Human Resources Department and Human Resource Development Department in identifying and evaluating the impact of risks and opportunities. |
| (Administration Division) Human Resources Department/ Human Resource Development Department |
The department in charge of promoting human capital-related responses. In cooperation with the administrative departments of each Group company, the Human Resources Department and Human Resource Development Department identifies human capital-related risks and opportunities, reviews the response strategy, and reports to the Corporate Planning Office. |
Human capital-related management system and risk management process of the Group
