Governance and Strategy

INPEX's safety governance structure is detailed in Sustainability Structure under the heading of Governance. We established the HSE Policy through resolution by the Board of Directors, defining our basic policy regarding health, safety, and environment (HSE) in corporate business activities. To ensure implementation of this policy, the Corporate HSE Committee was established to promote occupational health and safety and environmental initiatives in accordance with the HSE Management System (HSEMS) manual. Through the operation of the HSEMS and Corporate HSE Committee, the Director, Executive Vice President, in charge of HSE promotes HSE management at INPEX, and reports—regularly and as appropriate—the status of our HSE performance, as well as material matters related to HSE management and promotion, to the Board.

The HSEMS manual use the HSEMS to systematically organize the HSE standards formulated by the Executive Officer in charge of HSE and stipulate that we strive for organizational and systematic improvement of HSE performance using the PDCA cycle. We comply with the HSE standards while formulating separate documents or requirements for the INPEX Group or each business as required.

First issued in 2003, our Health, Safety, and Environmental Policy is reviewed and updated every few years. We reissued it as the HSE Policy in January 2025, and it sets out our policy and HSE-related initiatives. 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, assessed their priorities, and formulated action plans. The Director, Executive Vice President in charge of HSE is responsible for these initiatives. Please refer to the HSE Policy section on our website for details.

The geopolitical landscape underscores the strategic importance of a stable energy supply in the transition to net zero emissions. We aim to enhance our corporate value and grow as a sustainable energy supplier through HSE management across the INPEX Group. The risks we can anticipate from a safety perspective as well as their respective measures are outlined below. The identified risks are generic ones in our core businesses related to oil and gas industry.

(Short term: Less than 1 year; medium-term: 1 to less than 3 years; long-term: 3 years and above)