CSR / Environment

Risk Management

Risk Management

  • Self-evaluation: ★★★ Achieved more than targeted / ★★ Achieved as targeted / ★ Achieved to some extent
Fiscal 2017 Objectives Fiscal 2017 Achievements Self-Evaluation*
  • Practice efficient risk management by having risk management-related rules firmly established
  • Reviewed specific risks, which could have a major impact on management based on the Rules of Business Risk Management.
  • Worked to enable more efficient risk management to respond to changes in the business environment and market.
★★
Priority Objectives for Fiscal 2018 Improve the efficiency of risk management by optimizing and firmly establishing response rules in the event a major risk is actualized

Management Based on the Rules of Business Risk Management

Sharp believes risk management is essential to fulfilling its corporate social responsibility, which entails meeting the expectations of stakeholders through the sustainable development of business.

To this end, Sharp has formulated the Rules of Business Risk Management as a basic approach to risk management. In the Rules, risk items that could have a major impact on management are identified and managed as “specific risks” through the creation of a risk management system. For each specific risk, a functional department responsible for risk management across the entire company and a company/business unit responsible for risk management in their respective business domains collaborate to minimize risks and to prevent risks from actually occurring. Specific risks are periodically reviewed, scored, and ranked in order of priority so that Sharp is able to respond to changes in the business environment and market.

Response to Actualization of Major Risks

The Rules of Business Risk Management prescribe rules for emergency response, detailing responses if a major risk incident does come to pass. Taking prompt and appropriate action when an emergency situation occurs works to minimize loss and to prevent the damage from spreading not only across the company, but also to society at large. These emergency rules also specify action items to be implemented to ensure prompt and appropriate information disclosure to stakeholders.

In fiscal 2018, Sharp is further improving the efficiency of risk management by optimizing and firmly establishing response rules in the event a major risk is actualized.

Promoting BCPs

Sharp's major plants and group companies have formulated BCPs (business continuity plans). This effort is intended to expedite the continuation or early recovery of business in a large-scale disaster, such as an earthquake or an outbreak of an infectious disease. By regularly reviewing BCPs and holding training sessions, Sharp works to maintain and improve the business continuity capacity of the organization.

Basic policies for BCPs shared across the Sharp Group are “First priority to human life,” “Proactive program and program for recovery from disasters,” and “Support for local community and business connections.” Sharp seeks to maintain and improve the business continuity performance of its organization through reviews to account for organizational and business changes and through drills. If, in the event of a major disaster, a significant impact on its business activities is anticipated, Sharp will establish an emergency headquarters at the head office to support and work with Sharp sites in affected areas and to implement an initial response focused on ensuring the safety of employees and their families and a business continuity and recovery response.

Going forward, Sharp will continue to work towards business continuity management.

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