The Tokyu Fudosan Holdings Group has established the Basic Regulations on Risk Management as well as basic matters related to the development and operation of its risk management system.
Tokyu Fudosan Holdings Corporation prepares and operates a risk management system based on the "Risk Management Basic Rules". This risk management system refers to ISO 31000 which is a representative risk management framework.
The Company recognizes all internal and external factors that adversely affect its management, such as financial loss, loss of brand image, discontinuance or suspension of business continuity, as a risk. In order to comprehensively manage them, we are grasping the serious risks of the whole company and implementing countermeasures systematically and on a scheduled basis according to priority. In addition, each group company evaluates and analyzes the risk and manages it.
Management risks, business process risks and other risks that seriously affect management (such as crisis management response) are managed as "Major Risks". They are managed in the following individual risk unit.
①Investment risk ②Financial capital risk ③Personnel labor risk
④Legal compliance risk ⑤IT strategy risk ⑥Information leakage risk
⑦Crisis management response
CSR risk (ESG risk) is managed as a sub category of "major risks".
《Example of CSR risk (ESG risk) 》
･Climate change · Biodiversity conservation · Environmental pollution
· Waste reduction and appropriate treatment · Resource utilization
· Water resources conservation · Human rights protection
· Prevention of child labor · Contribution to the community and society
· Employee health and safety · Employee human rights · Corruption, Bribery
· Corporate governance, etc
Article 4 of the Basic Regulations on Risk Management stipulates that the chief officer for risk management is the President & Representative Director. Also,
The corporate Auditors audit the execution of risk management by the President and Representative Director, who is the head of risk management, based on the "Risk Management Basic Rules", and the Internal Audit Department of the Group audits risk management systems and risk management operations at each group company.
The Board of Directors has established the "Compliance Regulations" as guidelines for actions of executives and employees, and we supervise corporate activities in good faith and fairness and ensure the soundness of management based on self-discipline.
Risk management is managed through the Group Management Committee and the Board of Directors and The Risk Management Committee manages the risk management carried out by each group company in a comprehensive manner. We have established departments responsible for individual risk, and that department grasps, evaluates and analyzes the risk management structure and management situation of the group.
・Selection of important risk (creation of risk map) or review and formulate measures (practical plan)
・Investment · Financial Capital Risk Management (Business Risk Management)
Understanding total risks(Calculation of VaR value),
Market forecast (KRI setting, monitoring),
Individual investment management (Report progress on large-scale investment projects to the Group Management Council,Board of Directors)
⇒The Risk Management Committee summarizes in the fiscal year and reports to the Board of Directors.
・In accordance with the role in the report route at the time of the crisis, appropriate crisis management is carried out based on the emergency response basic manual.
At the end of every fiscal year, Tokyu Fudosan Holdings estimates the amounts of penalties or legal settlements that are likely to occur in the future due to events from the current and previous fiscal years
At the end of every fiscal year, Tokyu Fudosan Holdings estimates the amounts of penalties or legal settlements that are likely to occur in the future due to events from the current and previous fiscal years (if the loss of a court case is expected) and sets aside a reserve fund. We determine whether to disclose this amount or not (including in notes to financial statements) on a case by case basis in light of the materiality of the amount on the consolidated balance sheet. Over the previous three years, there have been no disclosures with regards to legal settlements or other matters. Future plans for disclosure are as follows.
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The Tokyu Fudosan Holdings Group has established the Basic Regulations on R...
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