Compliance Management

The Mitsui Chemicals Group is working to build a compliance infrastructure that is a prerequisite for achieving VISION 2030, so that each Group company can focus on its business with sufficient knowledge of how to manage compliance matters.
Specifically, the Group classifies compliance management into four phases: "prevention" and "detection" in normal times, and "initial response" and "permanent response" for emergency situations, and implements various measures at each phase in a comprehensive manner. With these initiatives, we aim to develop and establish the PDCA cycle on a Group and global level, as well as to further raise compliance awareness.

In order to prevent compliance violations, the Group will analyze past cases of compliance violations that have occurred in the Group, summarize control actions and procedures that are effective in preventing frauds as key control measures, and incorporate them into the Group's overall business processes. Each Group company then verifies its own operational processes based on the key control measures and manages and oversees its operations to prevent compliance violations, thereby ensuring autonomous control. In fiscal 2022, we piloted this program at 10 Group companies and will gradually implement the program throughout the Group from fiscal 2023 onward.

We have initiated a Compliance Level Assessment to help each Group company identify its own compliance issues. Each Group company implements its own improvement activities based on the assessment results, and the headquarters functional divisions support each Group company, identify challenges that need to be addressed by the Group as a whole, and develop necessary measures. Starting in fiscal 2022, we piloted the program in seven companies of the Group and will gradually expand the program from 2023 onward.

The Group has introduced a whistleblowing system to detect compliance violations as quickly as possible. From fiscal 2022 onward, we are gradually strengthening the system to accommodate multiple languages, time zones, etc.

In order to implement a prompt and appropriate initial response in the event of a compliance violation, we have clearly defined the organization, roles, and response process for a task force consisting of members from headquarters functional divisions with expert knowledge of the matter.

For each case of compliance violation that occurs, we formulate and deploy Group-wide measures to prevent recurrence, and clearly define the roles of the task force and headquarters functional divisions, as well as the response process.

It is essential to foster a culture where compliance is respected so that the Mitsui Chemicals Group officers and employees will voluntarily and autonomously comply with laws, regulations, and rules. In January 2023, we issued a message from the President & CEO and at the same time launched an internal portal site that consolidates compliance-related information to ensure that officers and employees have more opportunities to understand the importance of compliance.