Disclosures in Line with TCFD Recommendations

Disclosures in Line with the Recommendations of the TCFD

Governance

Disclose the organization's governance around climate-related risks and opportunities

Overview of TCFD Recommendations INPEX's Disclosures
1 Describe the board's oversight of climate-related risks and opportunities
2 Describe management's role in assessing and managing climate-related risks and opportunities

Strategy

Disclose the actual and potential impacts of climate-related risks and opportunities on the organization's businesses, strategy, and financial planning where such information is material

Overview of TCFD Recommendations INPEX's Disclosures
1 Describe the climate-related risks and opportunities the organization has identified over the short, medium, and long term
2 Describe the impact of climate-related risks and opportunities on the organization's businesses, strategy, and financial planning
3 Describe the resilience of the organization's strategy, taking into consideration different climate-related scenarios, including a 2°C or lower scenario

Risk Management

Disclose how the organization identifies, assesses, and manages climate-related risks

Overview of TCFD Recommendations INPEX's Disclosures
1 Describe the organization's processes for identifying and assessing climate-related risks
2 Describe the organization's processes for managing climate-related risks
3 Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organization's overall risk management

Metrics and Targets

Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material

Overview of TCFD Recommendations INPEX's Disclosures
1 Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process
2 Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks
3 Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets
Seven Metrics of Disclosure in Line with TCFD Guidance on Metrics, Targets, and Transition Plans
Metric Categories INPEX's Disclosures References
1 Capital deployment What INPEX aims to achieve by 2035
2 Climate-related opportunities Balanced cash allocation in growth investments and shareholder returns
3 Remuneration Compensation
4 Physical risks Assessment of Resilience to Physical Risks
5 Transition risks Transition Risk Assessment
6 Internal carbon prices Transition Risk Assessment
7 GHG emissions Scope 1, Scope 2, Scope 3

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