Risk Management System

Basic policy

We have established a risk management system led by the CSR Committee, so that in the case that we face/predict a serious risk, we can take prompt and appropriate action and ensure sound business operation.

Risk management guidelines

Aichi Steel has formulated and implemented risk management regulations, along with various rules according to the type of risk. These rules are revised on a regular basis in response to changes in the business environment or when new risks are identified, in order to ensure a reliable risk management system. Based on the lessons from the accident that occurred in January 2016, we are enhancing our initial response and internal-external coordination procedures.

Risk management promotion system

Risk management issues are delivered and discussed by the CSR Committee. We have prepared a risk map, in which risk items for each job ladder are organized according to the degree of importance and urgency. The development of a disaster prevention/reduction scheme that enables a quick response to emergencies is underway, including the setup of emergency Company headquarters in the case of earthquakes or other disasters.

Education/Awareness-raising

We have newly developed a curriculum for "risk management" designed for training of all job classes, where we explain how risk management is positioned and emphasized in CSR and actual cases of crisis at Aichi Steel to heighten employees' risk awareness and ensure they understand what to do to prevent crisis occurrence/recurrence and initial actions to take when a crisis occurs.

Disaster prevention measures

Following the Great East Japan Earthquake, we established the Earthquake Preparedness Committee, under which three subcommittees—the Human Safety, Facility Safety, and Production Recovery Subcommittees—were set up to enhance our earthquake preparedness. We are also working to improve our BCM (Business Continuity Management) plans. In fiscal 2015, following measures were taken by each subcommittee.

Human Safety Subcommittee

Measures to ensure the safer evacuation of people

  1. Educating employees through regular publication of "Disaster Prevention News"
  2. Regular evacuation drills, including transport of injured and other practical activities
  3. Ensuring sufficient food and other emergency relief supplies

Facility Safety Subcommittee

Measures to prevent injury from buildings and other structures during earthquakes

  1. Renovations to interiors and exteriors of buildings and other work to ensure safe evacuation

Production Recovery Subcommittee

Measures to ensure products are delivered promptly to customers

  1. Reinforcing facilities to prevent fatal damage due to earthquakes or liquefaction (ongoing)
  2. Consideration of a broad range of alternative production options, including domestic and foreign group companies, suppliers, and other companies in the industry
  3. Establishing elemental technologies and training key personnel to allow operation of core production lines with a small number of employees
  4. Backups of information systems and data

Disaster Prevention System