Biodiversity Initiatives

While working to develop and provide petroleum products, the Cosmo Energy Group also engages in initiatives such as renewable energy operations, biodiversity conservation, and sustainable use of natural capital. We are focusing on various activities to help preserve the global environment as a priceless inheritance for future generations.

Based on the 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,” the Cosmo Energy Group is striving to realize its Basic Concept of Sustainability, including “Harmony and symbiosis with the global environment.” The Group’s Code of Conduct states that officers and employees must take measures to mitigate climate change, minimize environmental impact, conserve water and marine resources, and enforce rigorous soil preservation measures. We also have an Environmental Policy in place to ensure that all our business activities are conducted in harmony and symbiosis with the environment.

 

Cosmo Energy Group’s Environmental Policy

 

The Group promotes environmental preservation and effective resource use under its Environmental Policy via its basic approach to conserving biodiversity (natural capital), focusing on the conservation and improvement of biodiversity and the sustainable use of natural capital.

 

3. Environmental preservation

As a company dealing with finite resources, we strive to preserve and improve environmental resources including water, soil, air, and biodiversity.

4. Effective use of resources

At all stages of our business activities, we work to use resources effectively by reducing, reusing and recycling waste and resources such as water and energy.

 

In these efforts, we participate in initiatives based on the Declaration of Biodiversity by Keidanren (Japan Business Federation) and the 30by30 Alliance for Biodiversity. Accordingly, we implement initiatives that take biodiversity into account, in all areas of our business activities.

The Group also participates in the TNFD Consortium and is preparing to properly assess and disclose risks and opportunities related to natural capital and biodiversity.

 

Participation in the Taskforce on Nature-Related Financial Disclosures (TNFD) Forum

Environmental Protection Activities in Oil-Producing Countries

Cosmo Energy Exploration & Production is continually working to protect the environment and promote the sustainable use of natural resources.

 

Situated at the center of Abu Dhabi Oil’s operations, Mubarraz Island has an extremely beautiful coastline that requires special environmental considerations. Based on an understanding of the responsibilities that come with working within a marine reserve, we implement effective management and monitoring programs to protect the coastal ecosystem and the wildlife that depend on it.

 

At Mubarraz Island, which is a site for oil production, we are also prioritizing and undertaking a wide range of environmental protection activities such as greening, including the planting of mangroves, coral reef farming, propagation of sea grass, and protection of a local osprey species.

Reforested mangroves
Reforested mangroves
Coral reef farming
Coral reef farming
Sea grass propagation Sea grass propagation
Osprey
Osprey

Biodiversity Activities of the COSMO Eco Fund

With a commitment to conserving biodiversity, the COSMO Eco Fund supports projects such as rural Japanese landscape (satoyama) conservation activities and forest restoration projects where participants can learn about biodiversity.

COSMO Eco Fund Projects

  • The Sea is Longing for the Forest: Planting Trees to Protect the Sea (Miyagi)
  • Turning Hachioji's Satoyama into Bright Forests (Tokyo)
  • The C.W. Nicol Afan Woodland and Forest Growing in Higashi Matsushima (Nagano and Miyagi)
  • Satoyama Preservation by Local Residents in Kamiyama (Tokushima)
  • Yasuga Irodori Forest, Where People and Animals Live in Harmony (Hyogo)
  • Creating a Forest Where People Can Experience Biodiversity Firsthand (Wakayama)

 

Overview of COSMO Eco Fund Activities

Initiative on Declaration of Biodiversity by Keidanren (Japan Business Federation)

In January 2020, we announced our support for the Declaration of Biodiversity by Keidanren and Guideline, and are promoting activities based on the seven items listed therein.

 

1. Responsibility of management
2. Global perspective
3. Voluntary actions
4. Integrated environmental corporate management
5. Revitalization of regions making full use of natural capital
6. Partnership
7. Environmental education / human resource development

 

Website of the Initiative based on the Declaration of Biodiversity by Keidanren

Participation in the 30by30 Alliance for Biodiversity

In November 2023, Cosmo Energy Holdings joined the 30by30 Alliance for Biodiversity launched by Japan’s Ministry of the Environment.
The term “30 by 30” refers to the goal of effectively conserving 30% of the planet’s terrestrial and marine habitats by 2030. This is a nature- positive initiative that aims to halt the loss of biodiversity and to ensure a net positive impact on the natural environment.

Through our participation in this alliance, we will step up our efforts to conserve biodiversity and natural capital in order to help achieve the 30 by 30 goal.