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Basic Policy


INPEX is systematically developing a compliance system, an indispensable requirement for the sustained development of a company, and strives to ensure compliance with laws and regulations and adherence to corporate ethics. Specifically, we have instituted the Compliance Committee which deliberates basic policies, plans, and significant matters pertaining to compliance, and manages the status of compliance practice to promote unified compliance initiatives throughout the Group.
In addition, in accordance with the Corporate Social Responsibility Principles, we have instituted the Code of Conduct, which prescribes matters to be observed to realize compliance, in order to increase compliance awareness among executives and employees in an effort to put the Business Principles into practice.


Anti-bribery and Anti-corruption Initiatives

The Code of Conduct stipulates the building of sound and appropriate relationships with government and administrative authorities (prohibition of political donations except in cases permitted under relevant laws and regulations) and compliance with the antibribery and anti-corruption laws and regulations in the countries where we operate. We make no donations relating to political activities.
We have participated in the United Nations Global Compact since December 2011. We have expressed our commitment to prevent corruption and issued the Anti-Bribery and Anti-Corruption (ABC) Guidelines in May 2014 for the purpose of further reinforcing measures to prevent bribery, corruption, and other improper behavior.

Respect for Human Rights

We support international norms relating to human rights, such as the Universal Declaration of Human Rights, the International Labor Standards of the International Labor Organization (ILO), and the United Nations Guiding Principles on Business and Human Rights and participates in the United Nations Global Compact, which promotes voluntary activities by companies as good corporate citizens.

Targets and Results

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  FY2015 Targets FY2015 Results FY2016 Targets
Strengthening of
Compliance Management
  • Promote global compliance activities (establishment and support of compliance systems at overseas offices) and enhance cooperation between the headquarters and overseas offices
  • Continue to conduct ABC training
  • Continue to conduct CSR training
  • Conducted ABC risk assessment at the headquarters and three overseas offices
  • Revised the ABC Guidelines and prepared to institute implementation procedures
  • Conducted compliance training for new graduates and mid-career hires
  • Conducted CSR training (e-learning) with a human rights component (participation rate: 82%)
  • Continue ABC risk assessment at overseas offices
  • Widely disseminate and strengthen implementation of the ABC Guidelines
  • Engage in activities for development of global compliance systems
  • Continue to conduct CSR training
Participation in
CSR Initiatives
  • Participate in the United Nations Global Compact, EITI*1 and IPIECA*2
  • Co-host the IPIECA Social Responsibility Working Group meeting in Perth
  • Participated in the Global Compact Network Japan working groups
  • Co-hosted the IPIECA Social Responsibility Working Group meeting and participated in Human Rights Task Force activities
  • Disclosed information on payments to EITI member countries
  • Participate in the United Nations Global Compact, EITI and IPIECA
  • Disclose information on payments to EITI member countries

*1 EITI : The EITI is a global initiative to realize good governance and economic development in resource producing countries through the eradication of political corruption and poverty by improving the transparency of the flow of funds from oil, gas, and mineral resource exploration industries to the governments of producing countries and increasing responsibility in the management of funds through methods conforming to international standards

*2 IPIECA : International Petroleum Industry Environmental Conservation Association

Case Study

Risk Assessment against Anti-bribery and Anti-corruption

At a time of substantial tightening of laws and regulations pertaining to bribery and corruption worldwide, INPEX has prohibited bribery and corruption without exception in the Code of Conduct. In May 2014, we instituted the Anti-Bribery and Anti-Corruption (ABC) Guidelines applicable to the entire Group to further reinforce the prohibition. The Guidelines were implemented in October 2014.
In implementing systems to prevent bribery and corruption within the Group in accordance with the ABC Guidelines, we have positioned the institution of internal regulations that support risk assessment and the Guidelines as a high-priority task and have engaged the services of an external law firm with expertise in the implementation of such systems.
Risk assessment is said to be an effective and fundamental approach to building a strong compliance program, and in fiscal 2015 we conducted advanced risk assessment at each divisions in headquarters and three overseas offices in countries and regions where we operate.
The assessment process involves collecting information on the frequency of negotiations with government workers, types of administrative acts, approval processes and other matters through responses to preliminary questions and interviews with our executives and employees at the headquarters and overseas offices conducted by an anti-bribery and anti-corruption secretariat set up under the Compliance Committee. The external law firm prepared a risk assessment report that summarized degrees of risk and matters requiring improvement on the basis of the responses to these questions and interview results. We plan to make use of the report in instituting internal regulations and implementing internal systems.
Future plans call for continued risk assessment at overseas offices, efforts to minimize risks associated with bribery and corruption through implementation of e-learning and other general compliance training, including ensuring familiarity with instituted internal regulations and their efficient and effective implementation, as well as efforts to improve anti-bribery and anti-corruption programs.

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