Over the past several years, the global environment has undergone great changes, including the occurrence of extreme weather conditions around the world. Japan, too, has suffered extensive damage due to heat waves, torrential rains and super typhoons. At the same time, there is a growing number of global social issues that need to be resolved, including poverty, as well as food and energy issues resulting from population increases.
Amidst these circumstances, the JXTG Group, as a group of companies engaged in the energy, resources and materials businesses, has formulated its Group Philosophy and Group Code of Conduct. We have also determined the following eight ESG focus areas: high ethical standards, compliance, safety and the environment, human rights, human resource development, health, quality, and social contribution. In addition, based on these eight focus areas, we have identified material issues in the form of the top CSR priorities of the Group, reflecting priorities as seen from within and outside the Group.
In fiscal 2018, we are advancing initiatives based on these ESG focus areas and the top CSR priorities of the Group.
Through innovation and by taking on new challenges, the JXTG Group will address changes taking place in the social environment in a swift and flexible manner to achieve sustainable growth as a corporation, while engaging in active dialogue with stakeholders to fulfill our various corporate social responsibilities. Through these efforts, we will contribute to the development of society and help to create a vibrant future.
Messages from Senior Management of the JXTG Group's Core Operating Companies
JXTG Nippon Oil & Energy
Further incorporation of ESG perspectives for agile response to changes in the business climate
The business climate faced by JXTG Nippon Oil & Energy is changing rapidly, as evidenced by declining demand for oil products in Japan, initiatives aimed at realizing a low-carbon society, and the growing presence of electric vehicles.
In light of these circumstances, since the business integration we at JXTG Nippon Oil & Energy have worked to strengthen our response to change and create a system for contributing to the attainment of the SDGs. These efforts include the formulation of an ESG promotion policy by the CSR Management Council, which comprises management at the director, senior vice president level and above. Consideration for the environment, spanning our businesses and the entire supply chain, including the environment near our refineries and plants, as well as maintaining the health and safety of our employees, a stable supply of energy, and compliance are critical issues for management, and we recognize that these are also priority issues for our business operations. Going forward, we will place even greater emphasis on these matters in the management of our business.
In addition, as an ESG perspective is important for the identification of risks and opportunities for JXTG Nippon Oil & Energy, we will incorporate ESG more actively into our business operations to adapt to the rapidly changing business climate.
JX Nippon Oil & Gas Exploration
Developing oil and natural gas resources as a responsible member of society, with close attention to safety and the environment
The JX Nippon Oil & Gas Exploration Group is engaged in the oil and natural gas E&P business worldwide. A driver of our business is operator projects in Vietnam and Malaysia. In addition, in the United States, we are implementing the CO2-EOR project, in which CO2 is captured from the flue gas of a thermal power plant and injected into a depleted oil field to both increase crude oil production and reduce CO2 emissions.
Through these and other day-to-day business activities, the JX Nippon Oil & Gas Exploration Group, as a good corporate citizen trusted by society, seeks to enhance its corporate value while promoting ESG initiatives with a focus on HSE (occupational health, safety and the environment) and compliance, thereby contributing to the development of society and the creation of a vibrant future.
JX Nippon Mining & Metals
Contributing to the attainment of the SDGs through a stable supply of resources and materials
Copper, a metal resource that is central to the business operations of the JX Nippon Mining & Metals Group, is vital for the development of society. As copper is unevenly distributed and its reserves are limited, we must use existing resources effectively by improving extraction efficiency and promoting recycling, among other initiatives.
We recognize that our corporate social responsibility is to provide a stable and efficient supply of high-quality copper to contribute to economic growth and improved quality of life, while addressing social issues such as the mitigation of environmental impacts and respect for human rights, as well as pursuing innovation in the productivity of resources and materials using the technologies and knowledge accumulated throughout our history of more than 100 years. Taking into account the social climate and the needs of our stakeholders, we will contribute to the attainment of the SDGs through all of our business activities, including those in the supply chain.