Engagement with Stakeholders
Engagement approach
Key engagement in FY2023
Expectations/Requirements Identified Through Stakeholder Engagement
Project Partners
Engagement approach
- Regular meetings
- Regular communication
Key engagement in FY2023
- Participation in operating committees, technical committees, and subcommittees for project decision making
- Discussions with operators for cost reduction
- Prevention of major incidents
Expectations/Requirements Identified Through Stakeholder Engagement
- Compliance with laws and prevention of bribery and corruption
- Management of business activity risks
- Respect for human rights
Contractors and Suppliers
Engagement approach
- Presentation of qualification criteria to prospective suppliers
- Briefings on qualifications
- Regular meetings
- HSE audits
- CSR audits
- Supplier Forum
Key engagement in FY2023
- Provision of fair, equitable, and transparent participation opportunities for prospective suppliers
- Annual INPEX HSE Awards
- Strengthening of supply chain management (implementation of supplier self-evaluation survey for major suppliers and contractors in Japan)
- Implementation of CSR audit to suppliers
- Ongoing risk assessment of major suppliers and contractors (including with regard to human rights and ABC measures), and improve the methods used for risk assessment
- Establishment of the Supplier Code of Conduct Guidelines and holding of the Supplier Forum for explanation
Expectations/Requirements Identified Through Stakeholder Engagement
- Improvement of our risk management structure
- Compliance with laws and prevention of bribery and corruption
- Supply chain environmental and social due-diligence
- Prevention of major incidents
- Ensuring occupational health and safety
- Respect for human rights
Customers
Engagement approach
- Establishment of designated contact points
- Provision of product information
- Identification of customer needs at service stations
Key engagement in FY2023
- Provision of product safe handling information (SDS)
- Improvement of service station operations based on customer needs analysis
Expectations/Requirements Identified Through Stakeholder Engagement
- Compliance with laws and 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, Integrated Report, sustainability report, fact book, investor notes, etc.)
Key engagement in FY2023
- General Meeting of Shareholders, financial result briefings (biannual, February and August), IR meetings (268 meetings held), briefings for individual investors, Investor Day
- Timely, appropriate, and fair information disclosure through the corporate website and content updates
Expectations/Requirements Identified Through Stakeholder Engagement
- Strengthening our governance structure
- Enhancing our risk management system
- Strengthening climate-related risk management
Local Communities and Indigenous Peoples
Engagement approach
- Environmental and social impact assessment
- Community briefings
- Various pamphlets, mass media, social media, websites
- Social contribution activities
Key engagement in FY2023
- Social investment in response to local community needs (total expenditure: about 4.4 billion yen)
- 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
- Presentations and lessons for junior high school and technical college 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 FY2023
- Support for NGOs/NPOs through employee fundraising activities
- Support for NGOs/NPOs through our social contribution 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
- Co-operations with NGO/NPO
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 FY2023
- Communication from senior management via Message from the President & CEO
- Dialogue with management via Open Offices (President & CEO, Senior Executive Vice Presidents, Senior Vice Presidents)
- One-on-one meetings with supervisors
- 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 Paper Award
- SVP/General Manager Awards
Expectations/Requirements Identified Through Stakeholder Engagement
- Management 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 FY2023
- 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
- Compliance with laws and prevention of bribery and corruption
- Prevention of major incidents
- Contributing to local economies
- Cleaner oil/gas operations and transition to natural gas