Management Foundation Transformation

At Cosmo, we will undertake initiatives in the areas of human resources, information, and the environment, which form our management foundation, to realize our three-pillared vision.

In the Seventh Consolidated Medium-Term Management Plan, we define these efforts as human resource transformation (HRX), digital transformation (DX), and green transformation (GX).

Initiative Overview

In terms of HRX, we have established an employee (our driving force) engagement index as one of our KPIs (targeting 60 points in FY2025) and will implement various strategies to motivate employees and harness their skills.

In the area of DX, we will work to develop core digital personnel (900 in FY2025) who can leverage data and foster our corporate culture in order to transform our business model to one that responds to changes in the business environment.

At COSMO, we announced our 2050 Carbon Net Zero Declaration in May 2021. To achieve this target, our GX efforts will focus on reducing greenhouse gas (GHG) emissions in accordance with our associated roadmap.

KPIs to Fulfill the Seventh Consolidated Medium-Term Management Plan

HRX

A people strategy that motivates employees and harnesses their skills

In an effort to cultivate human resources who can help us realize Vision 2030, we are pursuing a people strategy that motivates employees and harnesses their skills. This involves enhancing the capabilities of human resources who can drive our businesses by strengthening our human resource capability foundation of “health” and “engagement” and improving wellbeing, as well as enacting a transformation that addresses current challenges.

In the Seventh Consolidated Medium-Term Management Plan, we have outlined our to-be state in the areas of human resource cultivation and development, organizational culture, and health, and we are implementing concrete initiatives to achieve our goals based on defined KPIs.

Overview of our to-be people strategy toward 2030

People Strategy KPIs Toward 2030

Human Resource Transformation (HRX) at COSMO

Please refer to the following pages for details of COSMO's HRX initiatives.

Cosmo Energy Group People Strategy: Motivating Employees and Harnessing Their Skills

Human Resource Development

Related Information

DX

Transforming our business model through digital capabilities and change management

We will work to develop core digital personnel who can apply data in the course of business operations in order to transform our business model to one that meets the needs of the times.

As an energy supplier, we will create new business value as a community enabler by leveraging existing and new data, while working to strengthen the competitiveness of our current businesses through the use of digital tools and platforms, including digitizing refineries and optimizing the oil supply chain.

KPIs Toward New Value Creation

Digital Transformation (DX) at COSMO

Please refer to the following pages for details of COSMO's DX initiatives.

Digital Transformation (DX) at Cosmo

Examples of DX at Cosmo

Related Information

GX

Realizing our roadmap to achieve net zero carbon emissions

In announcing the Seventh Consolidated Medium-Term Management Plan, the Cosmo Energy Group expanded the scope of its Carbon Net Zero Declaration to the entire supply chain, including Scope 3 emissions.

As across-the-board transformation of management will be crucial to realizing our goal, we have positioned green transformation (GX) as one of our strategic focuses, and will address both direct emissions reductions and reduction contributions (avoided emissions).

We aim to reduce greenhouse gas (GHG) emissions (Scope 1 & 2) by 30% in 2030 compared to 2013 levels, and to achieve net zero carbon emissions, including Scope 3, by 2050.

Roadmap to Achieve Net Zero Carbon Emissions