Governance and Strategy

INPEX's governance structure for environmental management, including biodiversity conservation, is detailed in Sustainability Structure under the heading of Governance.

First issued in 2003, our HSE Policy is reviewed and updated every few years. We reissued it in January 2025, and it sets out our policy and initiatives related to health, safety, and the environment (HSE). In formulating this policy, we took into account the opinions of external stakeholders and clearly stated our initiatives for the continuous improvement of HSE performance. This policy is founded on ensuring the health and safety of all stakeholders, including employees, contractors, project partners, and local communities, as well as addressing global environmental issues and creating environmental value. It applies to employees and contractors engaged in our Group-wide activities, including at operational sites. Furthermore, based on this policy, we have established quantitative and qualitative HSE targets, studied their priorities, and formulated action plans. The Director, Executive Vice President in charge of HSE is responsible for these initiatives. Please refer to HSE Policy under the heading of "Basic policies" on our website for details.

To ensure implementation of the HSE Policy in our business activities, we adopted an HSE Management System (HSEMS). Our HSEMS is based on the International Association of Oil & Gas Producers (IOGP) OMS510 report and references the international standards ISO 9001, ISO 14001, and ISO 45001. Founded on the principles of leadership, risk management, and continuous improvement, OMS510 is the foundation for improving the performance and effectiveness of our HSEMS. With the HSEMS of OMS510 as the base, the HSEMS Standard sets forth essential structural requirements for implementing the HSEMS, including the preparation and revision of key HSE documents (rules, standards, guidelines, etc.), the development of HSE organizations, as well as HSE-related technical support for each division, education and training, communication activities, and periodic audits and reviews. With these elements incorporated in the management system, we carry out comprehensive HSE risk management. We have formulated an environmental and social management plan to appropriately manage our businesses' risks and impacts on the environment and local communities. Opinions and other feedback obtained through our communications with external stakeholders are reflected in the environmental and social management plan.

In December 2022, we established and published our policies and commitments on biodiversity conservation, water management, and waste management—which are material global environmental issues—through a resolution of the Board of Directors. In FY2024, to further ensure the fulfillment and advancement our commitments, we also formulated measurable quantitative targets across the Group. These commitments apply to all of our operator projects. The Director, Executive Vice President in charge of HSE is responsible for these initiatives. Please refer to Metrics, Targets, and Results for details on our quantitative targets.

To ensure the continuous improvement of our HSEMS and achieve Group-wide HSE management, we set HSE targets in our Medium-term Business Plan and develop and execute annual plans that consolidate activities to achieve these targets. Our Medium-term Business Plan and annual plans also encompass environmental management initiatives, promoting Group-wide environmental management. Please refer to Metrics, Targets, and Results for details on the achievement status of our FY2025 targets.