Governance and Strategy
Governance
INPEX’s Human Capital governance structure is detailed in Sustainability Structure under the heading of Governance.
Strategy (Efforts Regarding Human Capital)
Embodying the management philosophy of the INPEX Group, it is essential for INPEX to build an organizational structure and cultivate a workforce capable of amplifying its strengths in fieldwork, technology, and internationalism, and responding flexibly even in a rapidly changing business environment. Our objective is to build an organizational culture in which people feel empowered to voice their ideas without constraint fostering an environment for growth and innovation. We seek individuals who create business value through embracing diversity, a commitment to personal growth, and demonstrate autonomy. To achieve this, we are working on various key measures based on our Basic Policy on INPEX Human Resources Strategy.
Basic Policy on Our Human Resources Strategy
To become the “Employer of Choice,” the most rewarding company to work for, by creating an organization, workplace and culture that encourages employees to take on challenges and act autonomously
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To assign the right people to the right positions and conduct appropriate evaluations and compensation in order to enable diverse human resources to play an active role
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To secure and develop human resources capable of continuously creating value in a changing business environment and improve their engagement
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INPEX Human Resource Vision
As a company operating across the world, we view workforce diversity and common values shared by our global workforce as essential for sustainable and responsible business management. To achieve these goals, our Human Resources (HR) Unit developed the INPEX HR Vision, comprising four key pillars as a common vision for the Group’s HR departments. This vision has been developed in consultation with the heads of HR departments in each country.
With these four core pillars, we are working to create an internationally competitive organization by applying a global perspective as we implement HR initiatives to improve the capabilities of our employees and team performance.
Four key pillars in INPEX HR Vision
Risks and Opportunities in Efforts Regarding Human Capital
At the Group, we assess risks and opportunities as detailed below to develop our desired human resources and organizational culture.
Category |
Risk |
Opportunity |
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Securing of human resources and assigning the right people to the right positions |
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Strengthening of human resource development |
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Energizing of organizations |
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Efforts for Key Measures
Development of INPEX Values to Become the Employer of Choice
At the Group, we recognize it is important to embody the shared INPEX Values for both Group officers and employees formulated in 2014. We conduct activities to entrench this shared value, such as having a Group-wide Value Awards and holding conferences with past award recipients.
In addition, we host regular psychological safety seminars, Open Offices (Dialogue with President & CEO, Senior Executive Vice Presidents, Senior Vice Presidents) and town hall meetings. We also foster communication through activities like team building exercises. Our aim is to create an organizational culture where people feel empowered to be themselves and contribute to innovation, ultimately we are striving to become the “employer of choice” at a global level.
Enhancement of Group Collaboration
To achieve sustainable growth for the Group in a rapidly changing business environment, we believe it is important for our foreign employees (who account for approximately 40% of our workforce) to collaborate. We encourage teamwork to cultivate growth and innovation, by leveraging shared knowledge and individual experiences and integrating strengths and capabilities. Specifically, we are building an organization where our employees from both local and overseas subsidiaries can collaborate and support individual projects. This involves holding regular global workshop meetings and technology exchange meetings across various divisions, as well as ongoing efforts to share knowledge, experience and pursue best practices across the Group.
We support HR development by providing leadership programs and skills-related training tailored to the circumstances of each country. Our head office leadership training program, designed for emerging leaders across local and overseas subsidiaries, aims to broaden their horizons and strengthen unity within the Group. This program was restarted in 2023 after the COVID-19 pandemic, hosting five participants from Australia and one from Abu Dhabi in 2024.