To continually maintain and develop our business, it is essential that we fulfill our social responsibility as a corporation while appropriately managing a host of risks that may arise in carrying out our business activities.
The Tsubaki Group has established a Risk Management Policy, under which it strives to prevent the actualization of risks and minimize possible losses by continually identifying and understanding risk factors regarding a host of risks that could significantly impact on management.
Tsubaki Group Risk Management Policy
Tsubakimoto Chain Co. and its group companies in both Japan and abroad have established the following principles to prevent potential risks that may have material adverse effects on the business management of the Tsubaki Group and to minimize damage if a risk does occur. The Tsubaki Group strives to become resilient to risks and to maintain the public trust and confidence that it has enjoyed.
1.We will identify, analyze, and assess risks associated with global business activities and take efficient and effective risk control measures. We will regularly monitor how the measures are being taken and make improvements where necessary.
2.We will have a risk management system in place and take continuous measures with a focus on risk prevention. We will ensure that the risk management system is well communicated throughout the Group and work as a team toward accomplishing a goal.
3.We will provide education and training to employees to raise their risk awareness and risk response skills so that risk management becomes a part of their routine.
4.In the event of disasters, accidents, or other emergency situations, we will promptly set up an emergency task force. With safety of life as the highest priority, we will work closely with the local community and take actions and conduct recovery operations promptly.
5.We will adapt risk control measures to best suit the specific requirements of the country or region.
The Tsubaki Group has established several committees under the umbrella of the Internal Control Committee, including the Group Risk Management Committee and those for corporate ethics, information security, environment, quality, and health and safety in order to promote the risk management activities practically and efficiently. These committees promote risk countermeasures on a Groupwide basis by coordinating among one another to advance various ongoing measures geared toward identifying and evaluating risk factors as well as preventing the actualization of these risks.
In addition, we have established and are operating an emergency contact system on a global basis in the event of risk materialization to minimize possible losses.
The Tsubaki Group regularly assesses the status of risks surrounding each of its constituent companies, and the status of response measures regarding the said risks. Our various committees for corporate ethics, information security, environment, quality, occupational safety and health, etc. perform specific risk management activities in each area, based on these assessment criteria.
In addition, we hold semi-annual meetings of the Risk Management Committee, which brings together risk managers from each of our business divisions and domestic Group companies, to discuss and share a wide range of risks common throughout the Group in an effort to achieve greater efficiency in our activities.
These activities are reported to the Internal Control Committee and necessary instructions are given out at appropriate intervals.
With the rapid spread of COVID-19 since 2020, we set up an Emergency Response Headquarters in February 2020 with the President and COO as its head, based on the guidelines for countermeasures against new infectious diseases. Since then, we have taken various countermeasures, always keeping an eye on the changing circumstances and giving top priority to the safety and health of our customers, our employees and their families, and all other stakeholders. We are continuing to maintain a reduced rate of commuting to work, such as by means of encouraging employees to work from home, and we have otherwise been continuously working to stop the spread of the virus, including the introduction of vaccination leave.
Examples of Activities: Electronic Information Security
Amid the development of information technology and the growing importance of information assets, when a corporation enhances its information security it contributes to the maintenance of customer trust and the wider stability of society.
For this reason, in 2020, under our corporate philosophy Tsubaki Spirit, the Tsubaki Group established an Electronic Information Security Policy, to codify our policy for protecting all of the information assets we handle from a range of threats. This policy is shared throughout the entire Tsubaki Group in Japan and overseas.
Based on this policy, we will fulfill our responsibility to society by reducing information security risks, not only though technical measures, but also by the whole Group working on organizational measures such as education of employees, implementing risk assessment and systematic countermeasures, and periodic audits of information security.
Based on this policy, we will fulfill our responsibility to society by reducing information security risks, not only through technical measures, but also by the whole Group working on organizational measures such as education of employees, implementing risk assessment and systematic countermeasures, periodic audits of information security, and vulnerability assessments by a third-party organization.
Electronic Information Security System Chart
Examples of Activities: BCP/Disaster Preparedness Activities
Natural disasters have become increasingly common in recent years, and large-scale disasters are predicted to occur going forward. The Tsubaki Group has formulated a Tsubaki Group Basic BCP Strategy and is carrying out a variety of disaster preparedness activities.
(BCP: Business Continuity Plan)
1) Disaster preparedness drills
In order to raise awareness of disaster preparedness and to ensure an initial response is taken in the event of a disaster, we conduct evacuation drills at least once a year in principle at each plant, and simulated fire-fighting drills using fire extinguishers and hydrants by our company firefighting teams. In addition, to prepare members of the Disaster Response Headquarters in the event of an emergency, each business site conducts drills on the diagram of its initial response to refine the effectiveness of its immediate response.
2) Drills using a safety confirmation system
In order to quickly confirm the safety of employees in the event of a serious disaster, such as an outbreak of an infectious disease, an earthquake, torrential rain, or a typhoon, we have introduced a safety confirmation system using smartphones and conduct regular drills.
3) Stockpiling of disaster preparedness and mitigation items
The Tsubaki Group distributes disaster response manuals and earthquake response cards so that all employees can act appropriately in the event of an earthquake.
We are stockpiling water, food, simple toilet liner bags, blankets, lanterns, etc. at each business site, in anticipation of difficulties in returning home in the event of a disaster. Major business sites are equipped with satellite phones to secure a means of communication in the event of a disaster.
Tsubaki Group Basic BCP Strategy