Representative Director, President & CEO
We aim to enhance
long-term corporate value
and contribute to
a sustainable future
As the world continues to transition toward net-zero, we announced “INPEX Vision 2035,” our long-term strategy and mid-term business plan that lays out our aim to ensure the stable supply of lower-carbon energy and realize a responsible energy transition that is sustainable and mindful of the global environment, reflecting changes in the business environment.
The key to maintaining a stable energy supply is “safety,” which guarantees the well-being of our employees. In conducting our business operations, incidents such as fatal accidents, severe injuries and major leaks must never occur. “Zero major incidents” is one of our management goals, and we have established common safety objectives for all employees to achieve this. In 2024, we successfully achieved zero major incidents, which remains a key focus under INPEX Vision 2035, and we will continue to strengthen our safety measures moving forward.
Additionally, as part of our efforts to address climate change, we support the Paris Agreement. Under INPEX Vision 2035, we have set goals along two axes: the decarbonization of our business and contributing to a lower-carbon society. Regarding the former, we aim to achieve net-zero greenhouse gas (GHG) emissions from our operations by 2050, with an interim milestone target of reducing net carbon intensity by 60 percent or more relative to 2019 levels by 2035. To this end, we are targeting a 35 percent reduction in net carbon intensity by 2027, building on the achievement of our previous target of a 10 percent reduction (relative to 2019 levels). These milestones reflect our ongoing commitment to achieving net-zero by 2050.
In terms of the latter, we are working to reduce Scope 3 emissions across the value chain by collaborating with all relevant stakeholders. Additionally, through solutions such as carbon capture and storage (CCS) and the provision of clean, high-value-added power, we aim to generate 8.2 million tons of avoided emissions by 2035.
Lastly, beyond achieving zero major incidents and reducing GHG emissions, we are committed to addressing broader global environmental challenges. These include achieving net-zero deforestation in operational projects starting in 2025 or later, maintaining zero freshwater withdrawal in areas with high water stress, and maintaining a final landfill rate of 1 percent or less for drilling cuttings. Through these ongoing efforts, we are actively addressing global environmental issues.
Moving forward, INPEX remains dedicated to engaging in dialogue with stakeholders to address sustainability challenges. By doing so, we aim to enhance long-term corporate value and contribute to a sustainable future.