Engagement with Industry Associations

We have been a signatory to the United Nations Global Compact since FY2011 and have declared our support for the Ten Principles in the areas of human rights, labor, the environment, and anti-corruption. Since FY2012, we have been participating in activities of the various sustainability-related subcommittees set up by the Global Compact Network Japan. Through our participation in these international initiatives, we advance efforts related to corruption and bribery, human rights, supply chains, appropriate water management, reduction of pollution and waste, and improvement of resource use efficiency.

The International Association of Oil & Gas Producers (IOGP) is an international initiative representing the world's main oil and gas companies and related organizations. Its principal objectives are to promote greater sustainability and safety of oil and gas production activities. IOGP conducts a range of activities to address material issues that include formulation of best industry practices; sharing of technologies; appropriate water management; environmental protection to reduce pollution, waste, and resource use; and occupational safety. Furthermore, it regularly issues activity reports on the progress of initiatives to address climate change, including GHG emissions. Furthermore, 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 stakeholders involved in the oil and gas industry. It provides guidance and resources for a range of environmental issues, including human rights, environmental protection, climate change, biodiversity, waste reduction, and water management. It also engages in activities to promote the role of the oil and gas industry in achieving the Sustainable Development Goals (SDGs) and in international environmental frameworks. Through participation in this initiative, we collaborate, share good practices, and refer to guidelines.

The Extractive Industries Transparency Initiative (EITI) is an international initiative established to improve transparency and accountability in the resource extraction industries. It is operated by a partnership of governments, companies, civil society organizations, and international institutions. Our payments 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 emission reductions by oil and gas companies, in FY2023. 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 emission 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 by viewing efforts toward achieving carbon neutrality by 2050 and Japan's GHG emission reduction targets by 2030 as opportunities for economic growth. We joined 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.

The Geological Carbon Dioxide Storage Technology Research Association is an organization that develops CO2 underground storage technology and promotes information dissemination to improve the social acceptability of carbon capture and storage (CCS) with the aim of achieving carbon neutrality by 2050. Since its establishment in 2016, the Association has developed advanced technologies such as fiber-optic measurement and microbubble CO2 injection. Through field testing in collaboration with overseas institutions, it will contribute to the social implementation of CCS by conducting field demonstrations of fundamental technologies under development, building a CO2 emission source database, and conducting research such as economic assessment.

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