Risk Management

INPEX complies with the environmental laws and regulations of the countries where it engages in business. At the same time, to minimize the negative impacts of our operator projects, we identify, analyze, and assess HSE risks through operation of our HSEMS, in accordance with international standards (ISO 31000 and ISO 17776). Before engaging in operations, we confirm that risk levels are lowered to acceptable levels. For details, please refer to the Safety as well as the Identification and Assessment of Environmental and Social Risks and Impacts below.

In FY2024, there were no significant violations of environmental laws and regulations within our business operations related to the environment (such as the atmosphere, water, and waste). We will continue working with relevant departments in Japan and overseas to ensure compliance with environmental laws and regulations, environmental risk management and measures to prevent environmental pollution.

Identification and Assessment of Environmental and Social Risks and Impacts (Implementation of ENVID and ESIA)

We conduct Environmental Risks Identification (ENVID) in the early stages of new operator projects to identify potential environmental risks and develop risk mitigation measures.

ENVID is typically held in the form of a workshop, attended by experts from various fields, including those in charge of the planned project or task, engineers, and environmental specialists. In addition, we use our Risk Assessment Matrix (RAM) when assessing risks at ENVID for consistent risk assessment across the INPEX Group.

In addition, for projects that may have significant impacts on the environment or society, we conduct Environmental and Social Impact Assessment (ESIA) to identify and assess the project’s impacts, then develop an environmental and social impact management plan to mitigate and manage the impacts.

HSE Audits (Environment)

To assess whether the HSEMS is being consistently utilized, we formulate a HSE auditing program every year and perform regular HSE audits on all operational organizations and the corporate HSE Unit. HSE audits are conducted at two levels. The first is corporate HSE audits conducted by the corporate HSE Unit to assess operational organizations, and the second is internal HSE audits conducted by operational organizations to assess field offices and other sites under their management. In principle, corporate HSE audits are conducted on all operational organizations once every three years. The internal HSE audits by operational organizations are conducted annually for all sites. In FY2024, out of the eight operational organizations, HSE audits for each level were conducted on four operational organizations engaged in operation and construction work. Through these HSE audits, we identify and control environmental risks and impacts related to our business, and monitor and improve the environmental performance of the entire organization.
In addition to the above, the Nagaoka Field Office conducts internal and external audits as stipulated in ISO 14001.
Furthermore, HSE audits are conducted by internal Lead Auditors who received an equivalent level of training to someone with international certification from the International Register of Certificated Auditors (IRCA).