Business and other risks
The Fuji Oil Group’s Risk Management Structure
As the Fuji Oil Group operates its business throughout the globe, a variety of risks are inherent in the scope of its operations. With the objective of managing such risks, we have developed the following risk management structure.
1. Risk Identification
At each Group company, we create a risk map and identify operational risks while determining strategic and financial risks through the Management Committee Meeting. After comprehensively identifying risks through such measures, we determine risks that are of particular significance through the Board of Directors.
2. Risk Monitoring
For the aforementioned significant risks, we designate a Chief Officer and establish risk response measures for each risk. In addition, these risks are monitored primarily by the C“ESG”O, who is the Chief Officer in charge of risk management, and are reported regularly to the Board of Directors.
The Fuji Oil Group’s Significant Risks
We have selected the following 11 items as significant risks to be monitored by the Fuji Oil Group, and have designated a Chief Officer and formulated a risk response plan for each risk. In addition, the status of responses is reported to the Board of Directors, and we have put in place a framework for monitoring these risks. Moreover, with regard to forward-looking statements, the Fuji Oil Group has determined them to be appropriate based on information currently available as of March 31, 2020.