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. By fiscal 2024, 79 companies in our Group will have started implementation (35 completed). We plan to gradually expand the number of companies introducing the system from now on as well.

We have initiated a Compliance Level Assessment to help each Group company identify its own compliance management status and challenges. 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. By fiscal 2024, 21 companies in our Group have implemented this assessment. We plan to gradually expand this going forward as well.

To implement a prompt and appropriate initial response in the event of a compliance violation, we have established standards and processes for Group companies to report to the head office, as well as clearly defining the organizational structure, roles, and response process for a task force comprising 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.