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Risk Management

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In line with business expansion, the NGK group is also engaged in minimizing risks related to globalization and diversification while augmenting our risk management structure. The CSR Committee periodically confirms and follows up on the status of Company-wide risk countermeasures to ensure every effort is being made to manage business risks.

  • Basic Approach
  • Risk Management System
  • Business Continuity Planning (BCP) Initiatives
  • Intellectual property management

Basic Approach

The NGK Group Guidelines for Corporate Behavior were announced within and outside the company as our basic stance toward the realization of the NGK Group corporate philosophy of creating new value by providing products and technologies that contribute to a better social environment. This includes initiatives that strictly observe the protection of third party rights and corporate assets and trust through the practice of risk management.

Risk Analysis and Response

The NGK Group assumes six categories of company-wide risks pertaining to compliance, information, employment and labor, making an effort to avoid and prevent these risks through deliberation of budgets and plans and overall examination and analysis in the course of execution and settlement processes at Strategy Committee and Executive Committee meetings.
Business continuity planning (BCP) was formulated to ensure the continuation of critical business functions in the event of large-scale natural disasters including wind and flood damage and earthquake, massive transportation accidents or other emergency situations, which will be addressed by the Central Disaster Prevention and Control Headquarters and BCP Countermeasures Headquarters.

Company-wide Shared Risks

Category Risk
1.Compliance Legal/Regulatory infractions / improper accounting
Misappropriation by individuals
Bribery
Violation of intellectual property rights
Human rights violations/harassment
Trouble with local communities
Support for antisocial forces
2.Information Information systems breakdown
Leak of proprietary or personal information
Inappropriate use of SNS
Category Risk
3.Employment/Labor Labor troubles
Labor accidents
Traffic accidents
Long-working hours/health management
Support for unskilled labor
4.Incidents/Accidents /Disasters Incidents and accidents
Natural disasters
5.Environment Environmental management trouble
EMS insufficiency
6.Product safety Defective products

Business Risks


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