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