The mission of the INPEX Group is to provide a stable and efficient supply of energy to the customers by exploring and developing oil and natural gas resources throughout the world. Through its business, we aim to become an integrated energy company, which contributes to our community and makes it more livable and prosperous.

The INPEX Group conducts our business efficiently and proactively with a long-term perspective.　Guided by the leadership of top management, we are committed to fulfilling our corporate social responsibilities. Our key principles include:

1. Deliver energy in a stable and efficient manner.
2. Comply with laws, rules and regulations and adhere to ethical business conduct.
3. Communicate timely and openly with shareholders, employees, customers, business partners and other stakeholders.
4. Value the individuality of our employees, secure a safe, healthy and worker-friendly environment, and provide opportunities for career development.
5. Recognize our responsibility to help preserve the environment and contribute to sustainable development.
6. Contribute to the development of the host countries and communities based on the understanding of cultural diversity.

The code of conduct set forth below constitutes the basic policies to be adhered to without exception by officers and employees as they carry out our Group’s business. Today addressing Corporate Social Responsibilities (CSR) in general is getting more and more focus, and our Group must achieve appropriate management and fulfill its responsibilities as a decent member of society. To make this a reality, we must all fully understand and strictly enforce the articles of this code of conduct.

1. Compliance with Laws and Ordinances

1. Emphasis on Trust, Good Faith and Fairness
   • In our relationships with shareholders, employees, customers, society and all other stakeholders, and in every aspect of business activities, we must emphasize trust, good faith and fairness, and must conduct all business activities in accordance with these principles.
2. Compliance with Laws, Ordinances, Regulations and In-House Rules
   • We must correctly understand and not act in violation of the applicable domestic and overseas laws, ordinances, regulations, and in-house rules.
   • If there are any uncertainties concerning theinterpretation of applicable domestic and overseas laws, ordinances, regulations, and in-house rules, we shall strive to attain a correct understanding through consultations with superiors and relevant divisions and departments, and if any violations do happen to occur, we must promptly cease the violating conduct and take appropriate measures.
3. Appropriate Disclosure of Corporate Information
   • We must appropriately disclose business and finance related management information to our shareholders and investors, we must increase the transparency of our management and we must earnestly listen to the opinions and criticism of our shareholders and investors.
4. Prohibition on Insider Trading and Payoffs
   • We must not utilize the inside information of our Company, affiliate companies or customers to trade the shares and other securities of these companies.
   • We must not engage payoffs in connection with the exercising of shareholder rights.

2. Respect for Human Rights

1. Respect for Human Rights
   • We must recognize that human rights are important rights originating from individual dignity, and must respect the human rights of individuals both in Japan and other countries where we are involved.
2. Ban on Discrimination
   • We must not discriminate based on birth, national origin, race, creed, religion, age, disabilities, education, or otherwise.

3. Contributions to Society

1. Contributions in Project Development Regions
   • We must provide employment opportunities, assist in economic development, and contribute to the region(through education, cultural assistance, volunteerism, and the like) through our projects or through our cooperation with industrial, economic and public agencies, and must otherwise contribute to the development of the local society.
2. Respect for the Cultures and Social Norms in Other Countries
   • We must respect the cultures and social norms of all the countries where we have operations.
3. Promoting the Disclosure of Information to and Ensuring Communications with Society
   • We must disclose information in a timely and appropriate manner not only to our shareholders and investors, but to society in whole, and must engage in proactive communications with society.

4. Respect for Business Ethics

1. Improving the Quality and Ensuring the Safety of our Products
   • We must develop and supply quality oil and natural gas products which meet the needs of our customers in terms of quality, price, safety and environmental friendliness, etc.
   • If product related accidents or troubles occur, we must contact the relevant divisions and departments, take speedy and appropriate measures, and make every effort to restore trust.
2. Appropriate Management of Customer Information
   • We must not use the customer information learned in the course of business for non-business purposes, and must strictly manage this information so that it is not divulged externally.
3. Ensuring Fair Dealings
   • We must comply with the antitrust and other relevant laws of Japan and other countries, and must not be involved in cartels, bid rigging, improper coercion, denials of receipt, delayed payments or other illegal actions.
   • When involved in the acquisition of oil rights and the like in the countries, we must engage in fair and free competition among companies, and when procuring materials, selecting contractors or agents, and hiring local employees, we must make appropriate decisions based on fair and equitable comparisons and evaluations of quality, price, reliability, capacity, wages and other terms and conditions.
4. Ban on Improper Entertainment and Gift Giving in Relationships with Customers
   • When entertaining or providing gifts to customers or receiving entertainment or gifts from suppliers, we must make sure that the entertainment and gifts are within the limitations of social common sense and international conventional wisdom.
5. Respect for the Confidential Information and Intellectual Property Rights of Others
   • We must not unjustly acquire or utilize the confidential information of others. We must not acquire or utilize the confidential information of others while known that it was or may have been unjustly acquired.
   • We must respect the intellectual property rights of others, and must not infringe on these rights.
6. Building Sound and Healthy Relationships with Governments and Administrative Authorities
   • Increase transparency and build sound and healthy relationships with the governments and administrative authorities of Japan and other countries.
   • As a company involved in the international development of oil and other resources, we must comply with the Criminal Code, the Unfair Competition Prevention Law, and other relevant laws and ordinances, and must not offer or promise bribes to public officials or governmental or regional entities in Japan or other countries.
   • When providing political donations, we must make the donations through proper channels and in accordance with the Public Office Election Laws, Political Funds Control Law and other relevant laws and ordinances.
7. Sever Relationships with Antisocial Forces and Groups
   • We must have no relationships with antisocial forces or groups, and we must stand firm when unjust demands are made received from antisocial forces or groups.

5. Respect for Employees

1. Respect for Individuality and Diversity
   • We must respect the individuality and diversity of our employees, and provide opportunities for employees to achieve their self-actualization.
2. Ban on Forced Labor and Child Labor
   • We must not force employees to work against their wills or engage in child labor.
3. Maintain Privacy of Employee Information
   • We must use the private information of employees learned in the course of business solely for the purpose of work, and must strictly control this information so that it is not divulged externally.
4. Prevention of Harassment
   • We must not engage in sexual harassment or behavior that could be mistaken for sexual harassment.
   • We must not engage in power harassment (abusing or exceeding one’s work authority to degrade the workplace environment or cause uneasiness concerning employment) or behavior that could be mistaken for power harassment.
   • We must not engage in alcohol harassment (any and all harassment related to alcohol) or behavior that could be mistaken for alcohol harassment.

6. Approach to the Environment, Safety and Health

1. Promotion of Activities to Preserve the Natural Environment
   • In our aggressive business development we must address the preservation of the natural environment on a continuous and proactive basis, and must contribute to the development of a sustainable society.
2. Approach to the Elimination or Reduction of our Environmental Impact
   • We must acquire developmental technology and know-how for the practical use of GTL, DME and other next generation energies which have a lower environmental impact, and must pursue CCS (CO₂ capture and storage) and otherwise reduce CO₂ emissions.
3. Prevention of Environmental Disasters Caused by Accidents
   • We must fully recognize that accidents occurring in the development of oil fields throughout the world, and the manufacture and marketing of oil, natural gas and other resources have an enormous negative effect on the natural environment and threaten the health and safety of our employees, and we must dedicate ourselves to safe operations to prevent the occurrence of such accidents.
   • If an accident does occur, we must take measures to minimize the damages, and must promptly enact and implement policies to prevent the recurrence thereof.
4. Ensuring a Quality Work Environment
   • We must recognize that ensuring the health and safety of our workers is our highest priority, and we must make all efforts to maintain and promote a quality work environment and clean environment for our employees, and regularly ensure a work environment in which our employees are able to work safe and sound. In addition, we must understand and comply with all work related safety and sanitation laws and ordinances.

7. Securing the Soundness of Company Assets and Finances

1. Accurate Records and Reports Concerning Business Activities
   • In our business activities we must maintain accurate and clear reports and records as required by laws, ordinances and regulations, and must appropriately store these records and reports.
2. Appropriate Accounting Methods
   • We must appropriately state the facts in our account ledgers and accounting sheets in accordance with relevant laws and ordinances, and our in-house rules. We must not falsify or fabricate our books, have off-book assets or otherwise engage in improper accounting methods.
3. Appropriate Management and Operation of Company Assets
   • We must efficiently utilize the company’s tangible and intangible assets, and appropriately manage and preserve these assets to prevent damage or theft. We must not misuse the assets or expenses of the company for personal or unjust reasons.
4. Appropriate Management of Intellectual Property Rights and Company Secrets
   • We must recognize that the intellectual property rights held by the company are important company assets, and must appropriately use these rights while making every effort to preserve them. The inventions and devises produced in the course of research, development and manufacturing shall be promptly patented or rights shall otherwise be established therein.
   • The confidential information of the company must be strictly controlled, must be used for only work related purposes, and must not be disclosed or divulged externally without the authorization of the company. When the confidential information of the company is to be disclosed externally, we must execute confidentiality agreements or otherwise make every effort to prevent the divulgence of this information.
5. Appropriate Management and Use of Data Systems
   • We must appropriately manage and use the company’s data systems, prevent the access thereof by third parties, and strictly prohibit the use of these systems for personal or other improper reasons.