The JSR Group believes that preventing a major crisis from occurring and minimizing its effects on business activities is an important role of management. The Group has formulated a Risk Management Policies and established a Risk Management Committee through which it actively pursues risk management activities.
The Risk Management Committee performs group-wide risk management and formulates response policies concerning actual and potential risks other than those arising in the normal course of business that are addressed in major conferences such as meetings of the Board of Directors*.
* Risks arising in the normal course of business that are addressed in major conferences, such as meetings of the Board of Directors, are strategic risks that include those associated with capital investment and M&A.
Risk Management Measures
In FY2011 (April 1, 2010 to March 31, 2011), the Group-wide risk management activities that were fully launched in FY2010 were expanded in scope and implemented at all overseas operating sites as well, including those of Group companies. Now all divisions of the JSR Group can practice risk management activities on a continual basis. As a result of our efforts in FY2011, we identified 12 major company-wide risks, devised policies for responding to each risk, and implemented measures to control them. Going forward, we will identify, assess, and develop measures to control risks in all divisions in Japan and overseas on an annual basis.
Furthermore, the JSR Group formulated a Risk Management Manual in FY2005 and strengthened systems that will be applied in the event of a major crisis. The Risk Management Manual contains guidelines that specify policies for dealing with crises and recommendations for actions by each division in the event of a crisis, with the goal of minimizing impacts on business activities. We revise the manual and strengthen systems based on the results of crisis management training carried out each year.
Crisis Management Drills
Crisis Management Drill (Yokkaichi Plant)
Crisis Management Drill (Head Office)
Since FY2005, the JSR Group has been carrying out Crisis Management Drills that includes participation from top management from the President down. Conducted on the basis of major disaster scenarios, the drills are carried out jointly by the Head Office and business sites with an aim to enhance crisis response capabilities to minimize damages and impacts on stakeholders in the event of a major disaster.
In FY2011, we conducted simulated drills based on the assumption that a major disaster has occurred at the Yokkaichi Plant, with crisis centers established locally and at the Head Office. We will continue to conduct periodic training and, while working to strengthen our crisis management systems, will undertake rigorous accident and disaster prevention measures and strengthen our systems to enable rapid response to emergency situations in order to minimize risks.
Preparations for a Major Earthquake
The JSR Group adopted a mid-term business plan in FY1996 concerning preparations for a major earthquake and has been conducting systematic activities to enhance those preparations. In FY2007, we revised the mid-term business plan, began a seismic retrofitting project focused on high-pressure gas facilities in our plants, and installed an earthquake early-warning system at all JSR business sites.
In FY2011, we performed an analysis of the effects of various earthquake magnitudes on each business site and strengthened our systems based on the results.
Safety Confirmation System
In FY2010, JSR introduced an employee safety confirmation system to provide quick confirmation of the safety of employees and their families in the event of a disaster such as a major earthquake.
When The Great East Japan Earthquake took place on March 11, 2011, the various measures we had developed until then functioned properly, helping us get through the disaster with no human casualties and minimal physical damages. We will try continue to make improvements to these measures.
JSR is improving the pandemic influenza countermeasures it formulated in FY2009 to make them more practical in responding flexibly to influenza strains of varying virulence.
The JSR Group adopted an Information Security Policy and is working to implement appropriate information management by informing all personnel of the policy.
- Information Security Policy
- ●The JSR Group (the corporate group consisting of JSR Corporation and its subsidiaries) will observe laws and other social norms relating to the handling of information belonging to the Group and its customers, business partners, and other third parties, and will protect that information in appropriate ways.
- ●The JSR Group will strive to develop and actively use its information assets for the efficient execution of its business. The Group's officers and employees will only use these information assets for the purposes of their work and within the scope of their authority.
- ●The JSR Group will improve organizations and systems, provide education on information security, thoroughly disseminate this policy and related regulations, and implement measures to ensure information security.
- ●The JSR Group will implement appropriate human, organizational, and technological measures and work to prevent unauthorized access to information assets from outside the company, as well as leaks, falsification, loss, theft and destruction of information assets.
- ●If an information security-related problem occurs, the JSR Group will promptly identify the cause and take measures to minimize damage and prevent recurrences.
- ●The JSR Group will periodically assess and review its information security measures to respond appropriately to changes in external environments.