The Mitsubishi Chemical Holdings Group (MCHC Group) has been consolidating its risk management system, in order to fulfill the Group's social responsibility and enhance its corporate value. In April 2006, MCHC developed a risk management system, with its President as head, bearing the ultimate responsibility, which was followed up by formulating and implementing the Mitsubishi Chemical Holdings Group Risk Management Basic Policy to avoid major risks related to Group business activities and minimize damage when occurred.
The CSR Committee discusses important issues related to the Group's risk management, such as risk management policies and response to major risks for the Group. Based on the Committee's discussions, the MCHC President makes decisions as the leader ultimately responsible for the Group's risk management.
Each of the operating companies builds its own risk management system tailored to its business characteristics, overseeing its subsidiaries to create their risk management systems.
In FY2008, MCHC also promoted what it had regularly done in the past.the monitoring of the enhancement/operational situations of the Group's risk management system and grasp/evaluations of the Group's major risks. MCHC arranged to share information among operation companies, in relation to risk management. Moreover, MCHC held internal promotions of risk factors such as new types of influenza and information security in order to dissolute and reduce such factors.
In FY2009, MCHC will help build risk management systems for its Group companies and support the consolidation of these systems' operations.
[ Risk Management System (As of June 30, 2009) ]
MCHC has established the Group Foundation Enhancement Office to foster cross-group ties in such areas as production technologies, the environment and safety. In addition, MCHC holds the Three-Company Cooperation Council as necessary, attended by general managers in charge of these functions at Mitsubishi Chemical Corporation (MCC) , Mitsubishi Plastics, Inc. (MPI) and Mitsubishi Tanabe Pharma Corporation (MTPC). The objective of this council is to create a common awareness of environmental and safety activities throughout the MCHC Group and to serve as a platform for sharing information and opinions on the companies' policies and issues in this regard.
