New Business Risk Assessments
The Oji Group evaluates investments and loans, such as investments and loans for new businesses and projects, not only by examining their economic aspects but also from the perspectives of the environment, society and corporate governance (ESG) following the Oji Group Corporate Code of Conduct, the Oji Group Behavior Standard, the Oji Group Sustainability Action Guidelines for Supply Chains, the Oji Group Human Rights Policy and other criteria.
| Occupational Safety and Health | We assess risk by confirming our safety and health policies, objectives and management structure, any occupational accidents that have resulted in an inability to work lasting at least one day, including accidents that resulted in death or serious injury, the countermeasures for preventing such injuries, daily safety and health activities such as safety patrols and safety training, the safety of machinery, equipment, chemicals, work environments, work methods, and other matters, and the status of our compliance with laws and regulations related to safety and health. |
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| Water |
To assess and identify water-related risk, we use WRI Aqueduct* and conduct due diligence regarding precipitation, drought, water disasters, water-related laws and regulations and other elements of the area where we plan to begin a new project or business. |
| Biodiversity | In the planning phase of a new business, merger or acquisition, we meet with local governments and environmental NGOs in the areas we plan to operate to collect information and assess biodiversity risk. |
| Human Rights | We assess risk to see that basic human rights are considered and check for elements that may negatively impact human rights, with a special focus on child labor, labor management, the rights of indigenous people, labor-management relationships and other factors. |
| Anti-Corruption | We conduct risk assessments of our business partners and our agents to confirm that they do not engage in bribery, illegal transactions or misconduct. |
For information on supply chain risk assessment, please click here.
Existing Business Risk Assessments
Existing businesses and projects are regularly audited by the Internal Audit Department, Safety Administration Department, and Environmental Management Department. We check the status of basic working conditions, which may involve human rights risks, the workplace safety environment, and environmental risk management not only of domestic group companies but also overseas group companies. When risks are identified, guidance for improvement is provided and shared throughout the Group.