Risk Assessment of New Businesses
The Oji Group screens investments and loans, such as ones for new businesses and projects, not only by examining their economic aspects but also from the viewpoint of ESG by following the Oji Group Corporate Code of Conduct, the Oji Group Behavior Standard, the Oji Group Partnership Procurement Policy, and others.
Occupational Safety and Health
We conduct risk assessment by confirming our safety and health policies, objectives, and management structure, occupational injuries with temporary incapacity for work or more serious ones that have occurred, including ones resulting in deaths or serious injuries, countermeasures taken against such injuries, daily safety and health activities such as safety patrols and safety training, and safety of machines, equipment, chemicals, work environment, work methods, and others, not to mention the status of compliance with laws and regulations related to safety and health.
To assess and identify water-related risk, we use WRI Aqueduct and conduct due diligence on precipitation, drought, water disasters, water-related laws and regulations, and other elements of the area where we plan to launch a new project or business.
In the planning phase of a new business or M&A, we collect information by meeting with local governments and environmental NGOs of the respective areas, and assess biodiversity risk.
We conduct risk assessment to see whether consideration is given to basic human rights and check for elements that have a negative impact on human rights, with a special focus on child labor, labor management, the rights of indigenous people, labor-management relationships, and other factors.
We conduct risk assessment of our business partners as well as our agents to confirm that they do not engage in any bribery, illegal trade, or misconduct.
＊For information on risk assessment of the supply chain, please click here.
Wood Raw Material Procurement Guidelines
Risk Assessment of Existing Businesses
Existing businesses and projects are subject to regular audits by the Internal Audit Department, Safety Administration Department, and Environmental Management Department under the Corporate Governance Division. Where a risk is found, guidance for improvement is provided and shared across the Group.