Promotion Structure

Chaired by the president and representative director, the Sustainability Promotion Committee aims to promote the Company’s sustainability-related measures in concrete terms and to work toward enhancing the Company’s corporate value in a sustainable manner. The Sustainability Committee will continue to set and track progress against targets while monitoring other sustainability-related measures.

In building a management foundation for sustainable growth, the Chori Group recognizes the importance of taking a proactive approach to environmental issues, cooperating with suppliers in CRS procurement, undertaking measures related to occupational safety management, and implementing initiatives for regional and social development. In Chori Innovation Plan 2025, which was disclosed on April 28, 2023, we set forth VISION2030—centered on the key words “sustainability,” “well-being,” and “innovation”—to steadily implement three basic strategies for becoming a corporate group that continues to evolve and change on a global scale, underpinned by its exceptional capabilities and expertise, while enhancing our corporate value. With regard to our overall sustainability strategy, the above-mentioned Sustainability Promotion Preparatory Committee examined Chori’s basic sustainability policy, material issues, value creation story, and other sustainability-related issues. Subsequently, based on discussions by the Sustainability Promotion Committee and the Executive Committee, on April 26, 2024 the Board of Directors determined four material issues and 14 related key themes that it considered to be of particular importance to the Chori Group and its stakeholders and which should be addressed on a priority basis. The material issues were announced in April 2024 in conjunction with Chori’s basic policy on sustainability. The Chori Group will promote effective activities to address these material issues and contribute to the creation of a sustainable society.

1. Establishment of Risk Management Regulations
The Chori Group has established and operates its risk management regulations for the purpose of identifying potential risks in its business activities, reducing risks and preventing crises from occurring during the course of normal business conditions, establishing a system for responding to crises that may present a significant impact on its business activities, and responding promptly and appropriately to prevent situations from deteriorating and recover and normalize them as swiftly as possible.

2. Risk Management under Normal Business Conditions
Under the guidance of the risk management deputy officer (the president of the Company), the risk management promotion officer (the general manager of the Corporate Planning Division) and the Corporate Management Department (the organization responsible for risk management) identify material issues within the organization; formulate various measures to mitigate, prevent, and promptly detect risks that may exist within the Company; and implement the necessary educational and training programs in a voluntary and systematic manner. They also follow up on the results of crisis response measures, verify their impact, identify issues, and seek measures toward improvement.
The risk management regulations individually define the Company's risks based on the following broad categories.

3. Crisis Response Measures
In the event of a crisis, placing the highest priority on ensuring the safety and protecting the lives of each individual, the following measures must be taken in accordance with Company regulations: communicate and report details of the crisis based on the crisis communication system; establish a crisis response headquarters under the direction of the risk management deputy officer; and execute tasks, communicate the emergency, report the results of investigations, and implement measures to prevent recurrence through the crisis response headquarters.

Recognizing the ongoing need to address sustainability issues, the Chori Group has established non-financial targets in an effort to “promote ESG management,” one of the basic strategies of Chori Innovation Plan 2025. Our progress on goals other than climate change and human capital is as follows.