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Currently Using The English Site.
Regional HQ’s Websites
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The IHI Group considers and engages in risk management as the top material issue of management.
The basic objectives of risk management are ensuring business continuity and the safety of Officers, employees, and their families, securing managerial resources, and maintaining public trust.
The IHI Group manages risk in accordance with the following action guidelines based on the Basic Code of Conduct.
The IHI Group has established the Risk Management Conference chaired by the CEO as a body to formulate and review policy initiatives and annual plans, assess their progress, and identify issues and take corrective measures, and other matters vital to overall risk management. Details of the Risk Management Conference are reported to the Board of Directors, who then develop systems to achieve risk management initiatives as well as monitor, supervise, and evaluate operation.
In addition, the IHI Group established the Compliance Committee, a Group-wide committee on compliance under the Risk Management Conference. This Committee is chaired by the Officer in charge of Group Compliance.
In order to carry out robust risk management, IHI has clarified the roles and responsibilities of business divisions, including affiliated companies, the business area, corporate divisions, and the Internal Audit Division, as well as built a risk management framework.
| Chairperson | Chief Executive Officer (CEO) |
|---|---|
| Members | General Managers of Group Risk Management Units, Presidents of business areas, and others nominated by the Chairperson |
| Secretariat | Corporate Planning Division |
| Number of meetings convened in FY2023 | 4 |
The IHI Group establishes the Key Policies for Risk Management for each fiscal year. Each IHI division and affiliated company, including those overseas, move forward with independent risk management in accordance with these policies.
The Group is working on comprehensive risk management activities for a wide range of business-related risks. It also designates particularly important risks as the key risk management themes.
Group Risk Management Units made up primarily of IHI corporate divisions provide information and training capitalizing on their expertise, monitor the progress of risk management activities, and offer support to each division.
In fiscal 2023, the IHI Group implemented initiatives based on its Key Policies for Risk Management. Progress of these initiatives is verified on a quarterly basis at the Risk Management Conference, furthermore accelerating risk management through a PDCA cycle.
During its second year under the Group Management Policies 2023, the IHI Group will accelerate its transformation into a corporate structure capable of responding to destructive environmental changes. The Group will take a proactive approach toward responding to the new social environment where uncertainty is becoming the norm, such as expanding geopolitical risks, advancing inflation and human resource shortages, and frequent occurrences of severe disasters.
The IHI Group will strive to foster sustainable growth and improve corporate value through focused efforts on each of the themes described below.
In the IHI Group ESG Management announcement made in November 2021, the IHI Group identified measures to combat climate change, respect human rights, promote diversity, equity, and inclusion, and secure and maintain the trust of stakeholders as material issues for ESG management. In the Group Management Policies 2023 announcement made in May 2023, the Group regards responses to customer and social issues, including climate change countermeasures, as business opportunities, and promotes ESG management by incorporating environmental and social values into its business evaluations.
Through internal organizations and various activities centered on the Risk Management Conference and the ESG Management Promotion Committee, the IHI Group conducts key theme activities and comprehensive risk management activities for ESG risks related to the above-mentioned ESG management material issues. The IHI Group’s risk management activities also include ESG risks, which are monitored, supervised, and evaluated by its Board of Directors.