Governance and Strategy

Governance

INPEX’s governance structure for environmental management, including biodiversity conservation, is detailed in Sustainability Structure under the heading of Governance.

Strategy

HSE Policy

First issued in November 2003, our Health, Safety and Environmental Policy is reviewed and updated every few years. We reissued it as "HSE Policy" in January 2025, and it sets out our policy and HSE-related initiatives. The executive officer in charge of HSE is responsible for these initiatives. Please refer to the "HSE Policy" on our website for details.

HSE Management System

To ensure implementation of the HSE Policy in our business activities, we adopted an HSE Management System (HSEMS) based on the International Association of Oil & Gas Producers (IOGP) OMS510 report, referencing the international standards ISO 9001, ISO 14001, and ISO 45001. Funded on the principles of leadership, risk management, and continuous improvement, OMS510 is the foundation for improving the performance and effectiveness of our HSEMS. Please refer to Safety for details.

Environmental Commitments

In December 2022, we established and published our policies and commitments on biodiversity conservation, water management and waste management – which are material global environmental issues – through a resolution of the Board of Directors. In 2024, to further promote our commitments, we also formulated measurable quantitative targets across the INPEX Group. For detailed information on our quantitative targets regarding environmental issues, please refer to the Metrics and Targets.

Group-wide Environmental Management Based on HSE Objectives

To ensure the continuous improvement of our HSEMS and achieve Group-wide HSE management, we set annual HSE objectives in corporate divisions. We develop and execute annual plans that consolidate activities to achieve these objectives. Our HSE objectives and annual plans also encompass environmental management efforts, promoting Group-wide environmental management. For details on the achievement of HSE objectives in FY2024, please refer to the HSE - related Targets and Results.

HSE objectives incorporating key environmental management measures for FY2025 are detailed below.

• Establishment and implementation of Group-wide environmental management that includes responses to global environmental issues, based on environmental commitments.
  • Under the Group-wide structure, develop and implement a GHG emission reduction plan (including management of methane emissions) and manage the progress of targets related to Group-wide GHG emission reduction.
  • Develop systems to measure and assess the state of achievement of Group-wide quantitative targets related to nature (biodiversity and water) and waste.