The Bridgestone Group broadly divides risks into two categories: business strategic risks, which are related to management decision-making, and operational risks, which are related to daily operations. The former is handled through business operations, while the latter is handled by the Chief Risk Officer (CRO), who has overall responsibility for managing risks and reports to the CEO.
Bridgestone promotes comprehensive activities to appropriately manage risks common to the Group, with consideration for the scale and characteristics of each site and Group company. Through the dual promotion of Group global unified activities and autonomous risk management activities, Bridgestone identifies, prevents and mitigates risks, and formulates Crisis Management and Business Continuity Plans to enable appropriate support for the continuation or resumption of business.
In 2016, under GCEC, the BCP, Risk Management WG was established, comprising members from each SBU*1. The WG manages and updates the Bridgestone Group’s Global Risk Management Policy and oversees the company’s risk management, crisis management, and business continuity systems. To this end, the WG is undertaking five key initiatives: Refine and Standardize the Annual Risk Identification Process Across the Bridgestone Enterprise; Create a Global Definition and Framework for Crisis Management and Business Continuity; Enhance the Risk Management Role of Emergency Action Reports; Develop an Enterprise Travel Risk Management Program; and Formalize the Process for Cross-SBU Support in Crisis Management. The WG’s deliberations and efforts are guided by ISO 31000, the international standard for risk management.