Our Approach to Sustainability
JAPEX believes that our mission is to provide a stable supply of energy and that our business activities themselves are a form of Corporate Social Responsibility (CSR).
Under this recognition, we discuss and decide on policies and core themes related to CSR and sustainability at the management level, and engage in activities across the entire JAPEX Group, including subsidiaries and affiliates.
In 2012, JAPEX decided on a policy to systematically promote CSR throughout the company. Based on this policy and various opinions from stakeholders and others, we identified five core CSR themes "SHINE" in 2014.
In addition, in the mid-term business plan formulated in 2018, we established a policy on sustainability activities, to actively work on solving social issues toward the realization of a sustainable society.
Based on these issues and policies, we have been promoting sustainability activities across the entire JAPEX Group, including setting and implementing CSR action plans and goals, and evaluating them from an Environmental, Social and Governance (ESG) perspective.
deliberate and discuss the medium-term business plan and related sustainability matters. Meetings of the Sustainability Committee also has been held as needed to deliberate and discuss the following items related to sustainability.
- Company-wide policy on sustainability, including the Code of Ethical Conduct
- Important issues related to ESG
- Establishment and review of core CSR themes and CSR action plans
- Dissemination of sustainability information outside the company, such as in the Integrated Report (Corporate Report)
The Corporate Strategy Dept. supervises the promotion system, including the secretariat of the Sustainability Committee. It also reports annually on the status of sustainability promotion to the Board of Directors.
JAPEX strives to disclose our quantitative and qualitative information on sustainability in a timely and appropriate manner.
The Corporate Report, published as an annual integrated report, and CSR action plans and targets are made available on our website. Yearly data on ESG is also available on our website.
Participation in Initiatives
JAPEX participates in domestic and global initiatives aimed at realizing a sustainable society, and works in collaboration with various organizations and companies.
- United Nations Global Compact
- Low Carbon Society Action Plan by the Japan Petroleum Development Association
We are also studying specific measures to be taken based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the climate change scenarios of the International Energy Agency (IEA).