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2023

Sustainability Report 2022 (for FY2021)

Sustainability Report 2022 (for FY2021)

Engagement with Stakeholders

Project Partners

Engagement approach

  • Regular meetings
  • Regular communication

Key engagement in FY2021

  • Participation in operating committees, technical committees, and subcommittees for project decision making
  • Discussions with operators for cost reduction

Expectations/requirements identified through stakeholder engagement

  • Prevention of major incidents
  • Legal compliance, prevention of bribery and corruption
  • Management of business activity risks

Contractors

Engagement approach

  • Presentation of qualification criteria to prospective suppliers
  • Briefings on qualifications
  • Regular meetings
  • HSE audits

Key engagement in FY2021

  • Provision of fair, equitable, and transparent participation opportunities for prospective suppliers
  • Annual INPEX HSE Awards
  • Strengthening supply chain management (implementation of supplier self-evaluation survey for major suppliers and contractors in Japan)
  • Human rights training for suppliers

Expectations/requirements identified through stakeholder engagement

  • Strengthening the risk management system
  • Legal compliance, prevention of bribery and corruption
  • Supply chain environmental and social due diligence
  • Prevention of major incidents
  • Ensuring occupational health and safety

Customers

Engagement approach

  • Establishment of designated contact points
  • Provision of product information
  • Identification of customer needs at service stations

Key engagement in FY2021

  • Provision of product safe handling information (Safety Data Sheet (SDS): a datasheet that describes necessary information for the safe handling of products which contain certain chemical substances)
  • Improvement of service station operations based on customer needs analysis

Expectations/requirements identified through stakeholder engagement

  • Legal compliance, prevention of bribery and corruption
  • Transition to clean energy

Shareholders and Investors

Engagement approach

  • General Meeting of Shareholders, briefings and exhibitions, investor relations (IR) meetings
  • Issuance of reports (earnings report, earnings presentation materials, securities report, annual report, fact book, investor notes, etc.)

Key engagement in FY2021

  • General Meeting of Shareholders, financial result briefings (biannual, February and August), IR meetings (about 220 meetings held), exhibitions and briefings for individual investors
  • Timely, appropriate, and fair information disclosure through the corporate website and content updates (about 1,300 website hits daily, 112 press releases and 15 articles on CSR topics published)

Expectations/requirements identified through stakeholder engagement

  • Strengthening our governance structure
  • Enhancing our risk management system
  • Strengthening climate-related risk management

Local Communities, Indigenous Peoples

Engagement approach

  • Environmental and social impact assessment
  • Community briefings
  • Various pamphlets, mass media, social media, websites
  • Social contribution activities

Key engagement in FY2021

  • Social investment in response to local community needs (total expenditure: about ¥2 billion)
  • Response to community feedback in Japan and overseas
  • Activities in accordance with the Reconciliation Action Plan (RAP) with Aboriginal and Torres Strait Islander peoples in Australia
  • Conducting an environmental and social impact assessment (ESIA) in Indonesia
  • Presentations and site visits for junior high school students in Japan

Expectations/requirements identified through stakeholder engagement

  • Respect for human rights
  • Proper management of water and biodiversity conservation
  • Managing impacts on local and indigenous communities
  • Contributing to local economies

NGOs & NPOs

Engagement approach

  • Information gathering to respond to global social issues
  • Round-table discussions

Key engagement in FY2021

  • Support for NGOs/NPOs through employee fundraising activities
  • Participation in webinars hosted by NGOs/NPOs

Expectations/requirements identified through stakeholder engagement

  • Respect for human rights
  • Contributing to local economies
  • Transition to clean energy
  • Strengthening climate-related risk management

Employees

Engagement approach

  • Meetings with managers
  • Consultation between labor and management
  • Various training and study abroad programs
  • Internal magazines and newsletters
  • Various recognitions/awards

Key engagement in FY2021

  • Regular meetings with managers
  • Regular engagement with labor unions
  • Various training programs (averaging 65 hours training/person)
  • Timely update of internal online magazines (2 or 3 times/week)
  • Publication of compliance newsletter (12 issues)
  • Publication of information security newsletter (12 issues)
  • INPEX HSE Awards, INPEX Values Award, INPEX Essay Award

Expectations/requirements identified through stakeholder engagement

  • Managing occupational health and safety
  • Human resource development and employee motivation
  • Promoting diversity
  • Respect for human rights

Oil and Gas Producing Countries

Engagement approach

  • Communication at each project phase (tender, development plan approval process, development, production, decommissioning)

Key engagement in FY2021

  • Close communication with oil and gas producing countries aligned with project progress/management
  • Prevention of corruption and improving transparency in oil and gas producing countries through support for EITI

Expectations/requirements identified through stakeholder engagement

  • Legal compliance, prevention of bribery and corruption
  • Prevention of major incidents
  • Contributing to local economies
  • Cleaner oil/gas operations and transition to natural gas

Project Partners

Engagement approach

  • Regular meetings
  • Regular communication

Key engagement in FY2021

  • Participation in operating committees, technical committees, and subcommittees for project decision making
  • Discussions with operators for cost reduction

Expectations/requirements identified through stakeholder engagement

  • Prevention of major incidents
  • Legal compliance, prevention of bribery and corruption
  • Management of business activity risks

Contractors

Engagement approach

  • Presentation of qualification criteria to prospective suppliers
  • Briefings on qualifications
  • Regular meetings
  • HSE audits

Key engagement in FY2021

  • Provision of fair, equitable, and transparent participation opportunities for prospective suppliers
  • Annual INPEX HSE Awards
  • Strengthening supply chain management (implementation of supplier self-evaluation survey for major suppliers and contractors in Japan)
  • Human rights training for suppliers

Expectations/requirements identified through stakeholder engagement

  • Strengthening the risk management system
  • Legal compliance, prevention of bribery and corruption
  • Supply chain environmental and social due diligence
  • Prevention of major incidents
  • Ensuring occupational health and safety

Customers

Engagement approach

  • Establishment of designated contact points
  • Provision of product information
  • Identification of customer needs at service stations

Key engagement in FY2021

  • Provision of product safe handling information (Safety Data Sheet (SDS): a datasheet that describes necessary information for the safe handling of products which contain certain chemical substances)
  • Improvement of service station operations based on customer needs analysis

Expectations/requirements identified through stakeholder engagement

  • Legal compliance, prevention of bribery and corruption
  • Transition to clean energy

Shareholders and Investors

Engagement approach

  • General Meeting of Shareholders, briefings and exhibitions, investor relations (IR) meetings
  • Issuance of reports (earnings report, earnings presentation materials, securities report, annual report, fact book, investor notes, etc.)

Key engagement in FY2021

  • General Meeting of Shareholders, financial result briefings (biannual, February and August), IR meetings (about 220 meetings held), exhibitions and briefings for individual investors
  • Timely, appropriate, and fair information disclosure through the corporate website and content updates (about 1,300 website hits daily, 112 press releases and 15 articles on CSR topics published)

Expectations/requirements identified through stakeholder engagement

  • Strengthening our governance structure
  • Enhancing our risk management system
  • Strengthening climate-related risk management

Local Communities, Indigenous Peoples

Engagement approach

  • Environmental and social impact assessment
  • Community briefings
  • Various pamphlets, mass media, social media, websites
  • Social contribution activities

Key engagement in FY2021

  • Social investment in response to local community needs (total expenditure: about ¥2 billion)
  • Response to community feedback in Japan and overseas
  • Activities in accordance with the Reconciliation Action Plan (RAP) with Aboriginal and Torres Strait Islander peoples in Australia
  • Conducting an environmental and social impact assessment (ESIA) in Indonesia
  • Presentations and site visits for junior high school students in Japan

Expectations/requirements identified through stakeholder engagement

  • Respect for human rights
  • Proper management of water and biodiversity conservation
  • Managing impacts on local and indigenous communities
  • Contributing to local economies

NGOs & NPOs

Engagement approach

  • Information gathering to respond to global social issues
  • Round-table discussions

Key engagement in FY2021

  • Support for NGOs/NPOs through employee fundraising activities
  • Participation in webinars hosted by NGOs/NPOs

Expectations/requirements identified through stakeholder engagement

  • Respect for human rights
  • Contributing to local economies
  • Transition to clean energy
  • Strengthening climate-related risk management

Employees

Engagement approach

  • Meetings with managers
  • Consultation between labor and management
  • Various training and study abroad programs
  • Internal magazines and newsletters
  • Various recognitions/awards

Key engagement in FY2021

  • Regular meetings with managers
  • Regular engagement with labor unions
  • Various training programs (averaging 65 hours training/person)
  • Timely update of internal online magazines (2 or 3 times/week)
  • Publication of compliance newsletter (12 issues)
  • Publication of information security newsletter (12 issues)
  • INPEX HSE Awards, INPEX Values Award, INPEX Essay Award

Expectations/requirements identified through stakeholder engagement

  • Managing occupational health and safety
  • Human resource development and employee motivation
  • Promoting diversity
  • Respect for human rights

Oil and Gas Producing Countries

Engagement approach

  • Communication at each project phase (tender, development plan approval process, development, production, decommissioning)

Key engagement in FY2021

  • Close communication with oil and gas producing countries aligned with project progress/management
  • Prevention of corruption and improving transparency in oil and gas producing countries through support for EITI

Expectations/requirements identified through stakeholder engagement

  • Legal compliance, prevention of bribery and corruption
  • Prevention of major incidents
  • Contributing to local economies
  • Cleaner oil/gas operations and transition to natural gas