Risk Management Framework
NISSEI has a risk management framework in place to prepare for the interruption or slowdown of business activities due to natural disasters or other unforeseen circumstances.
NISSEI’s President and Representative Director leads the Risk Management Committee as a chair, and the director in charge of risk management serves as a Secretary General, followed by other officers, including directors, operating officers, and general managers. The Risk Management Committee is convened upon the occurrence of events defined in the Risk Management Regulations and BCP Manual to be able to respond promptly to any risks that may emerge.
Risk Management Committee
The Risk Management Committee meets twice a year to discuss about risk management updates, BCP Manual revisions, and BCP Drill scheduling as main topics. Having these discussions and implementing new measures allow NISSEI to provide uninterrupted services and values to the customers and stakeholders upon the occurrences of unexpected circumstances.
Risk Map
The Risk Management Committee identifies risks for the whole Group and updates the risk map every four years. The committee reviews the frequency of risk occurrences, severity of impacts, and effectiveness of implemented measures. They also identify new risks, evaluate existing measures, and make revisions to the BCP manual as needed.
BCP Drills
NISSEI conducts annual BCP Drills in cooperation with its key partners. The purpose of holding these drills is to prepare for an imminent large-scale earthquake or flood and ensure the continuation or prompt recovery of operations from aftermath. NISSEI makes sure that their facilities, equipment, procurements, productions, sales, and services will be in order while placing the safety of human life as the top priority. These drills are conducted in accordance with the BCP Manual, and the manual will be revised based on the results of the drills to maintain the effectiveness of their plans at high level.
Infection Control Measures
In response to the outbreak of COVID19, the Risk Management Committee has implemented infection control measures in January 2020. These measures can minimize the impact of pandemic on the Group’s business while prioritizing the health of employees and their families and preventing the spread of the virus. An Infection Control Procedure has been added to the BCP Manual in order to prevent the spread of diseases among their employees and business partners. Telecommuting policy also has been revised, and new rules have been implemented.