Risk management

Risk management system

We have established internal rules, such as risk management rules and disaster prevention rules, and have established a risk management system, so that if we face or predict a serious risk, we can take prompt and appropriate action and ensure sound business operation.

Risk management education

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 we include 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 what initial response to take when a crisis occurs.

As a result of the accident on January 8, 2016, we have declared January 8 to be Start Over Day at Aichi Steel to raise awareness of our commitment, confirmed by everyone at Aichi Steel, to preventing such an accident from recurring. We have also established a permanent Denshinkan Education Center to teach and pass on to the next generation the lessons learned from the accident and our other failures, and have started providing special safety training to all employees.

Disaster prevention and risk mitigation measures

We established the Earthquake Preparedness Promotion Committee through which we are developing disaster prevention measures in the event of an earthquake in the Nankai Trough.

2019 was the 60th anniversary of Typhoon Vera, so we also re-examined our response to frequent wind and water damage over recent years. From February 2020, we have been dealing with the novel coronavirus disease (COVID-19). The main actions implemented to mitigate risk during fiscal 2019 are detailed below.

Companywide disaster drills

We plan and conduct companywide disaster drills twice a year. In fiscal 2019, we conducted the following drills in May and November.

  1. Evacuation drills for all employees (assuming a large tsunami warning after an earthquake)
  2. Information sharing by members of the companywide Emergency Control Headquarters (assuming typhoons and other natural disasters other than earthquakes)
  3. Disaster preparedness seminar by external crisis management consultant

Inspections of disaster preparedness of plants by chairman and president

The chairman and president have launched a program of on-site disaster preparedness inspections with the aim of improving disaster preparedness in each plant.

Response to novel coronavirus disease (COVID-19)

To respond appropriately to this constantly changing situation, we launched an Emergency Control Headquarters as soon as COVID-19 started spreading in Japan. This cross-company organization continually collects information from inside and outside the company, reviews internal operations, adjusts production, and works to maintain business continuity.

We have also established a Support Center to support employees when they experience difficulties. It is implementing the following measures and providing support to prevent the spread of the disease among employees. (These are just some examples.)

  • Providing masks from reserves (Japanese and overseas subsidiaries, employees)
  • hanging workstyles to prevent infection (changing means of commuting, working from home, reducing business trips, etc.)
  • Procuring additional supplies of personal protective equipment (protective gowns, hand sanitizer, masks, etc.)