Engagement with Industry Associations

We have been a signatory to the United Nations Global Compact since 2011 and have declared our support for its Ten Principles in the areas of human rights, labor, the environment, and anti-corruption. Since 2012, we have been participating in activities of the various sustainability-related subcommittees set up by the Global Compact Network Japan.

The International Association of Oil & Gas Producers (IOGP) is an international industry association representing the world’s main oil and gas companies, and related organizations. Its principle objectives are to promote greater sustainability and safety of oil and gas production activities. IOGP conducts a range of activities that include formulating best industry practices, sharing technologies, and addressing material issues such as environmental protection and occupational safety. Furthermore, it regularly issues activity reports on the progress of initiatives to address climate change issues, including GHG emissions. We monitor health and safety, using IOGP as a benchmark, to compare our labor standards against industry standards.

Australian Energy Producers is an industry association representing the energy sector in Australia. It engages in policy and regulatory development related to the Paris Agreement, supporting efforts by the oil, gas, and LNG sectors to reduce GHG emissions and transition to clean energy.

Ipieca is an international industry association representing companies, organizations, and persons involved in the oil and gas industry. It provides guidance and resources for a range of environmental issues, including environmental protection, climate change, biodiversity, and water management. It also engages in collaborative activities, offering exemplary practice as guidelines, for promoting the role of the oil and gas industry in international environmental frameworks and in achieving the SDGs.

The Extractive Industries Transparency Initiative (EITI) is an international initiative established to improve transparency and accountability in the resources extraction industry. It is operated by a partnership of governments, companies, civil society organizations, and international institutions. Our financial contributions by country are stated in the Performance Data.

We joined the Oil & Gas Methane Partnership 2.0 (OGMP 2.0), a reporting framework for methane reductions by oil and gas companies. OGMP 2.0 was established as an international reporting framework under the United Nations Environment Programme (UNEP), providing member companies with a framework for comprehensive, measurement-based reporting to promote methane reductions. By reporting methane emission reductions through the OGMP 2.0 framework, we are ensuring the accuracy and transparency of our methane emission reporting. We are also actively sharing technological innovation and information on specific initiatives with other member companies with the aim of measuring and reducing methane emissions.

GX stands for “green transformation,” a concept for transforming the entire economic and social system to reduce emissions and increase industrial competitiveness. It perceives opportunities for economic growth in Japan’s goal of carbon neutrality by 2050 and its GHG emission reduction targets by 2030. We participated the GX League in April 2023, with the Ministry of Economy, Trade and Industry serving as the secretariat. Participating companies are required to establish targets for direct and indirect emissions in Japan, work to reduce emissions, and publicize their efforts. We have already disclosed our own transition strategy and vision to address climate change.

We joined the Keidanren Initiative for Biodiversity Conservation, which is led by the Keidanren Nature Conservation Council, in 2024. It consists of companies and organizations that support the principles of the Keidanren Declaration for Biodiversity and Guideline formulated by the Japan Business Federation (Keidanren) and the Keidanren Nature Conservation Council. We promote this initiative because we understand that conserving biodiversity is a material issue for the global environment.

The Japan Energy Resources Development Association makes proposals and requests to government institutions and others on a wide range of issues, including energy policy, environmental policy, and regulatory reform, to strengthen the stability of oil and natural gas supply in Japan. It also works to reduce GHG emissions across the entire value chain through energy reduction measures at production facilities and the development of CCUS technologies. In this way, it aims to achieve carbon neutrality by 2050. It is also a member of Keidanren, where it has helped formulate the Keidanren Carbon Neutrality Action Plan, and Vision toward Carbon Neutrality by 2050. In line with this Action Plan, we regularly issue activity reports detailing our position on climate change and the progress of related initiatives.

As a member of the Japan Business Federation (Keidanren), we uphold and implement the spirit of the federation’s Charter of Corporate Behavior. We have also participated in Challenge Zero, with our methanation technologies and artificial photosynthetic chemical process listed as examples of our innovation challenges on the official website. Challenge Zero is a collaboration between Keidanren and the Japanese government to realize a decarbonized society as the long-term goal of the Paris Agreement, an international framework for climate change measures. This is a new initiative designed to provide a powerful voice and support, both in Japan and overseas, for the innovation challenges of companies and organizations.

We have participated in the Japan Hydrogen Association a range of activities to support growth and expansion of the hydrogen industry. These activities include collaborating with governments, building partnerships in Japan and overseas, making government policy recommendations, and assisting in market development. We also share information and exchange opinions on the latest domestic and international trends in technologies and markets, and work to promote domestic and international collaborations to help realize a hydrogen society.

We have participated in the CCS+ Initiative, which aims to develop an integrated carbon accounting infrastructure for CCUS under Verra’s Verified Carbon Standard (VCS), the world’s most widely used GHG crediting program. We share information and exchange opinions on measuring carbon intensity in the field of CCUS.

We have participated in the Clean Fuel Ammonia Association (CFAA) and Ammonia Energy Association (AEA). To build a value chain from supply to use of clean ammonia, we share information and exchange opinions on activities related to technology development and assessment, economic assessment, government policy recommendations, international collaboration, and the latest trends in technologies and markets in Japan and overseas.

We joined the e-NG Coalition, an international alliance that aims to promote the global use of e-methane, in January 2025. We aim to promote e-methane, establish a global market through the standardization of GHG emission measurement and certification criteria, strengthen cooperation among stakeholders involved in the value chain, promote innovative technologies, and advocate climate change policies.

We joined the Floating Offshore Wind Technology Research Association (FLOWRA) in July 2024. We aim to commercialize floating offshore wind power generation on a large-scale over a wide area through joint research and technical development with other member companies. We focus mainly on the themes of promoting development of technologies that underpin floating offshore wind power, and reducing associated costs and risks. We also engage in overseas collaborations and international standardization to promote technical development.