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The Osaka Gas Group identifies risks that can affect its business as a whole and risks specific to each core business. The internal regulations of the Group clarify the organizational structure for promoting and confirming the effectiveness of risk management.
In addition, the management organization for risk management common to the Group supports the implementation of risk management tasks within each division and business unit across the entire Group.
The basic unit for risk management in the Osaka Gas Group is each business division, subsidiary or affiliate. The head of each unit is responsible for managing the risks of loss and conducts relevant checks on a regular basis.
To perform risk management properly, it is necessary to first identify risks faced by each business division (division within Osaka Gas and subsidiary/ affiliate) and then assess the current status of risk management and remaining risks, and determine actions to take.
The Osaka Gas Group has developed and used G-RIMS (Gas Group Risk Management System) as a common platform for identifying and managing risks since fiscal 2007. Following the annual self-assessment by each division, the secretariat (Auditing Department, Compliance Department, Corporate Strategy Department and Affiliated Business Dept.) holds discussions with each division to monitor implementation. In the course of this process, the results of reviews are analyzed to identify issues requiring a response while important risks unique to the individual divisions are distinguished from those common to the Group. The results of G-RIMS and issues identified are reported to the management.
G-RIMS (Gas Group Risk Management) Check List
2.Credit management and Accounts Receivable risks
3.Purchase, accounting, tax risks
4.Risks in electronic banking*
5.Information management risks
6.Personal information management risk
7.Information disclosure management risk
8.Personnel management risks
9.Disaster damage prevention and safety risks
10.Product safety risks
13.Environmental problem risks
14.Risks related to unfair trading and subsidies
15.Risk of inappropriate contact
16.Risk of insider trading
17.Risk of compliance violation in business execution
18. Business risks
19.Other risks on business practices
20.Intellectual properties management risks
21.Risks concerning internal control
Each division head and manager is responsible for taking action on problems identified in the course of risk management reviews and for providing periodic follow ups on the improvement processes. In addition, the auditor in each business unit and major affiliated company serves as a focal point for discerning issues for internal audit and promotes managers' self assessment to reinforce internal risk management initiatives. We ensure an effective PDCA cycle (plan, do, check, act) through these risk management activities across the entire Group.