CSR Activity Report (CSR Guideline Activity Reports) - Risk Management

Business Continuity Plan Initiatives

Ensuring Preparedness for Major Earthquakes

Toray Group maintains a business continuity plan (BCP) in case of a major earthquake which was included in its fourth three-year set of priority risks (fiscal 2018–2020).
Toray Group’s basic policy when ensuring business continuity in the event of a major earthquake is to meet its social responsibility to continue supplying products. The top priority of the plan is to confirm employees’ safety and prevent any impact on the local community. In addition to striving to prevent the damage from expanding and to prevent any secondary damage, the Group works to continue the supply of key products and to restore business quickly. In line with this, the Group consistently carries out evacuation drills based on a scenario involving an earthquake, systematically renovates plant buildings for better seismic resistance, and devises business continuity plans.

In fiscal 2018, Toray Industries, Inc. created and began administering BCPs for key products selected from each business in accordance with the Procedures for Developing BCPs for Designated Key Products in the event of an earthquake. Group companies in and outside Japan did the same in fiscal 2019.
In addition, since fiscal 2012, Toray Group has continued to conduct company-wide drills on setting up an emergency response headquarters. In fiscal 2020, in light of Toray Industries’ enhanced network environment and the improved reliability of public network infrastructure, the Company conducted initial response drills online, on the assumption that a large number of employees could be working from home due to the suspension of transportation services and the outbreak of COVID-19. Toray Group will continue to strengthen its capacity to respond to earthquakes with training and other measures.

Handling Water Hazard Risks (Floods, Storm Surges, Etc.)

In recent years, storm and flood disaster, such as a typhoon and heavy rain, has been in an increasing trend ,causing devastating damage, especially in Japan. In light of this, the Risk Management Committee decided in fiscal 2020 to include business continuity risks from water hazard risks as part of the fifth three-year set of priority risks (fiscal 2021–2023).
Specifically, Tory Industries developed its own Wind and Flood Damage Control Checklist based on the Wind and Flood Damage Control Guidelines for Hazardous Materials Facilities published by the Fire and Disaster Management Agency at the Ministry of Internal Affairs and Communications in March 2020. In fiscal 2020, Toray Industries and its group companies in Japan started reinspecting wind and flood damage control measures at manufacturing sites in Japan. In fiscal 2021, the companies will revise relevant measures, such as for ensuring the safety of employees and preventing secondary damage to the surrounding area, based on the issues identified in the re-inspection, and formulate a BCP for flood disasters.
In addition, Toray Group plans to investigate the risk of flood disasters at manufacturing sites outside Japan in fiscal 2021.

Related Information

Click here for the main initiatives for CSR Guideline 5, “Risk Management” in CSR Roadmap 2022.