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Support Good Corporate Governance

Risk Management

Basic Philosophy

The Nichirei Group has formulated a policy for internal control designed to help bring to fruition its management principles, brand statement, and CSR policy. It has established and implements an internal system to facilitate operational effectiveness and staff ability, ensure the accuracy of financial reports, comply with laws and regulations pertinent to its business, and to protect assets.
With respect to risk management in particular, the Group has set up the Group Risk Management Committee, chaired by the Representative Director and President, to manage the various risks associated with its business activities, in the most appropriate and rational ways from a comprehensive standpoint, and to maximize the corporate Group’s enterprise value. The committee identifies and evaluates Group-wide risks, and Nichirei and its business companies respond to these risks on their own accord, based on the established risk management cycle. Important items are reported to the Board of Directors of Nichirei Corporation, the holding company, which considers the response.

Nicihrei Corporation, Strategic Planning, Nichirei Corporation, Quality Assurance Division, Nichirei Corporation, Technology Management, Nichirei Corporation, Corporate Internal Audit, Nichirei Corporation, Corporate Supervise, Nichirei Corporation, Legal Affairs, Nichirei Corporation, Human Resources Strategy & General Affairs, Nichirei Corporation, Finance & Investor Relations, Nichirei Corporation, Accounting & Tax, Nichirei Corporation, Group Communication, Nichirei Foods Inc., Nichirei Fresh Inc., Nichirei Logistics Group Inc., Nichirei Biosciences Inc., Hitachi Foods & Logistics Systems,Inc., NIchirei Bisiness Partners .inc

Management System

Recognizing that the actions of each and every employee are important for preventing various risks from occurring, Nichirei established the Code of Conduct, comprised of 12 articles (revised in 2014) relating to compliance and ethical behavior in areas of the environment, society and governance. The Company is committed to reducing risks, such as compliance violations, and publicizes the code to raise awareness.
The Group Risk Management Committee identifies and evaluates Group risks, and develops mechanisms for managing risk in the Group. Any significant risks identified in the risk management process are reported to the Board of Directors of Nichirei Corporation, the holding company, and the response is discussed.

Business Continuity Plan Initiatives
Employee Safety

<Group Countermeasures Headquarters in Response to COVID-19>
In January 2020, we set up the Group Countermeasures Headquarters in response to COVID-19. In addition to collecting and sharing information throughout the Group, between January and July 2020 we sent out, on the Company intranet, 24 messages with instructions regarding work systems and infection prevention measures.
We are creating a crisis management system to strike a balance between the prevention of infectio and the need for our employees to engage in business activities.

<Confirming Safety in Emergency Situations>
The Nichirei Group has introduced a company-wide safety confirmation system using a dedicated website. In the event of a disaster, such as an earthquake with an intensity of five or higher, emails will be sent to each employee to check whether they are safe, and relevant local information will be provided immediately on the website. The system allows for the rapid collection and sharing of information.

Enhancing Logistics Core System BCP

As part of its risk management, the Nichirei Logistics Group has been enhancing its BCP support for its logistics core system since February 2018.
Assuming the possibility of damage to the data center, where operations are heavily concentrated, we created a disaster recovery (DR) system to enable rapid business continuity. In the event of a large-scale disaster, we would be able to quickly resume operations through the use of two bases that switch from the system at our main site to the DR site.
Approximately one hour would be needed from the activation of the system until an online restart would be possible. This is designed to ensure that customer businesses and food distribution are not affected.
We plan to implement advanced initiatives as a food logistics lifeline in order to contribute to the business continuity of our business partners.

Logistics Core System BCP Conceptual Diagram

Case StudyNichirei Logistics Group BCP Initiatives
Overview

In recent years, with a number of areas having experienced enormous damage as a result of natural disasters, the Nichirei Logistics Group has formulated a BCP to be implemented in the event of earthquakes, tsunamis, typhoons, major storms, and floods. Such risk management prioritizes ensuring the safety of employees and cargo being handled.
Every year before the typhoon season, in addition to circulating a document detailin our anticipated response to forecast typhoons and other weather-related disasters on the Company website, we provide business partners with information on how to deal with temporary closures and changes in business hours.
In response to COVID-19, we are conducting infection prevention measures at businesses, while at the same time changing work styles by, for example, staggering commuting times, encouraging teleworking, and opening satellite offices to help ensure employee safety and business continuity.

Countermeasures Headquarters Establishment Flow

Countermeasures Headquarters Establishment Flow

COVID-19 Response Manual

Facility Disinfection Manual
Facility Disinfection Manual

Guidelines for Preventing the Spread of Infection (Close Contact Prevention)
Guidelines for Preventing the Spread of Infection (Close Contact Prevention)

Nicihrei Corporation, Strategic Planning, Nichirei Corporation, Quality Assurance Division, Nichirei Corporation, Technology Management, Nichirei Corporation, Corporate Internal Audit, Nichirei Corporation, Corporate Supervise, Nichirei Corporation, Legal Affairs, Nichirei Corporation, Human Resources Strategy & General Affairs, Nichirei Corporation, Finance & Investor Relations, Nichirei Corporation, Accounting & Tax, Nichirei Corporation, Group Communication, Nichirei Foods Inc., Nichirei Fresh Inc., Nichirei Logistics Group Inc., Nichirei Biosciences Inc., Hitachi Foods & Logistics Systems,Inc., NIchirei Bisiness Partners .inc
Support Good Corporate Governance
Corporate Governance

Management System

●Corporate Governance Structure Corporate Governance, Integrat...

Support Good Corporate Governance
Risk Management

Basic Philosophy

The Nichirei Group has formulated a policy for internal control designed to...

Support Good Corporate Governance
Risk Management

Management System

Recognizing that the actions of each and every employee are important for p...