Sustainability

ESG Activities Risk Management/Compliance

Steady Promotion of Risk Management

Ensuring Risk Management Through the Risk Management Regulations

OKI ensures that risks are managed based on its Risk Management Regulations in order to prevent the occurrence of risks in its corporate activities and to take appropriate measures in the event that such risks do occur. These regulations define matters such as potential risks, the divisions responsible for each risk, and their countermeasures, and also stipulate a system for responding to crises.

Risk Management Initiatives

OKI has established the Risk Management Committee, chaired by the President, to ensure that risks related to the OKI Group's corporate activities are grasped and managed properly. The Committee deliberates and decides on basic policies for risk management and identifies risks to be managed based on such policies and the division responsible for said risks. It also deliberates and decides on policies for preventing the materialization of risk and policies to address crisis scenarios.

Risks to be managed are defined and classified into three categories: "management risks" that should be considered at the management level, "business risks" that should be recognized and identified in relation to business activities, and "common risks" that are common to each company and division and should be managed across the Group. Of these risks, the responsible control division deploys preventive measures for common risks within the Group, while the Compliance Committee regularly checks the implementation status. In this way, we are putting in place a sound risk management cycle. In fiscal year 2020, OKI identified the business risks for each of its business groups in order to strengthen the management of these risks. OKI is making progress in creating the management cycle and developing its framework.
To swiftly identify and resolve problems, we also established the OKI Group Risk Incidents Reporting System, which ensures that potential risk events, crises, and situations that may lead to such events are promptly reported to the Risk Management


Risks to Be Managed

Related Information

Emergency and Disaster Response

The OKI Group has established Safety Countermeasure Committees at its domestic and overseas sites, as well as at subsidiaries, in order to ensure "protect people's lives," "prevent secondary accidents," "contribute to local communities and foster good relationships with them," and "continuity of business operations" in the event of disasters. Among them, OKI established and conducts regular reviews of the Business Continuity Management (BCM)/Business Continuity Plan (BCP) based on the BCM Development Guidelines in each division for the "continuity of business operations."
In fiscal year 2020, the COVID-19 Task Force that was established in January 2020 conducted initiatives to prevent the spread of the virus and maintain business continuity, such as transmitting information about the status of the virus in Japan as well as identifying and handling those infected inside the Group. OKI is also striving to respond quickly and appropriately by continuously reviewing initial countermeasures for natural disasters, such as earthquakes, typhoons, and floods.

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