Sustainability
We aim to achieve net zero carbon emissions through realization of a truly sustainable management style.
Sustainability
We aim to achieve net zero carbon emissions through realization of a truly sustainable management style.
”Cosmo Energy Holdings takes a group-wide approach to social responsibility to earn public trust and keep contributing to society.”
Message from the President, CEO Shigeru Yamada
Roadmap for Achieving Net Zero Carbon by 2050
Cosmo Energy Group's Sustainable Management
The Cosmo Energy Group Management Vision, "In striving for harmony and symbiosis between our planet, man and society, we aim for sustainable growth towards a future of limitless possibilities," incorporating our commitment and passion toward the sustainable growth of our Group and society.
Harmony and Symbiosis and Creating Future Values, which are included in the Cosmo Energy Group Management Vision constitute the Basic Concept of Sustainability and show our determination to promote sustainability in our management.
To strengthen our sustainable management initiatives further, we have identified the ten most important material issues toward what we should be like in 2050.
Under the Seventh Consolidated Medium-Term Management Plan, we are working towards integrating financial and non-financial initiatives based on material issues, and are undertaking efforts toward this goal based on established KPIs. Regarding climate change countermeasures, one of the most important material issues, we unveiled the 2050 Carbon Net Zero Declaration, and in May 2022, we released a roadmap to achieve this end. Going forward, we will continue to promote sustainable management through the Group’s business activities, aiming to sustainably enhance enterprise value and solve societal challenges.
Internal Control System
In FY2021, we established the Sustainability Strategy Committee, aiming to make decisions integrating financial and non-financial goals. Thus, we have developed a framework for implementing sustainability transformation (SX).
Sustainability Strategy Committee
Aiming to realize our Group Management Vision, the Company has established a Sustainability Strategy Committee and a Sustainability Committee as organizational structures to oversee sustainability-related activities, including internal controls. The Sustainability Strategy Committee is composed of top executive officers, including the Group CEO, as well as the CEOs and executive officers in charge of sustainability at the three core operating companies. Directors who are members of the Audit and Supervisory Committee attend as observers.
The Sustainability Strategy Committee promotes more focused and proactive initiatives by discussing policies for sustainability activities, including safety, risk management, human rights, and the environment, monitoring and evaluating performance, and reporting important matters to the Board of Directors.
In FY2022, the Sustainability Strategy Committee met five times and discussed 14 agenda items, of which nine were reported to the Board of Directors for deliberation and further discussion.
Committees have also been established at each core operating company and semicore operating company according to their respective functions. These committees work with the Company’s Sustainability Strategy Committee to ensure that all Group companies are on the same page.
Main themes discussed by the Sustainability Strategy Committee in FY2022
| April 20, 2022 | 7th meeting |
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| June 3, 2022 | 8th meeting |
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| September 5, 2022 | 9th meeting |
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| December 8, 2022 | 10th meeting |
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| March 2, 2023 | 11th meeting |
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For a better understanding of the Cosmo Energy Group's creation of values to all stakeholders, we have integrated the Annual Report and the Corporate Report to issue the Cosmo Report.
Period covered ：
Mainly the fiscal year from April 1, 2022 to March 31, 2023 (including some information for fiscal 2023)
ESG Data
See data relating to the environmental, social and governance measures of the Cosmo Energy Group
United Nations Global Compact
The Cosmo Energy Group has pledged its commitment to the United Nations Global Compact since 2006, supporting ten principles in the areas of human rights, labor standards, the environment and anti-corruption. The Group's embrace of the Global Compact shows that it is committed to Sustainable Management from an international perspective and that it is striving to improve its initiatives for social responsibility.10 Principles of the U.N.Grobal Compact
| Human Rights | Principle 1: | Businesses should support and respect the protection of internationally proclaimed human rights; and |
|---|---|---|
| Principle 2: | make sure that they are not complicit in human rights abuses. | |
| Labour | Principle 3: | Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; |
| Principle 4: | the elimination of all forms of forced and compulsory labour; | |
| Principle 5: | the effective abolition of child labour; and | |
| Principle 6: | the elimination of discrimination in respect of employment and occupation. | |
| Environment | Principle 7: | Businesses should support a precautionary approach to environmental challenges; |
| Principle 8: | undertake initiatives to promote greater environmental responsibility; and | |
| Principle 9: | encourage the development and diffusion of environmentally friendly technologies. | |
| Anti- Corruption |
Principle 10: | Businesses should work against corruption in all its forms, including extortion and bribery. |