Reducing the Environmental Impact of Our Products and Services
As part of its efforts to preserve the environment, the Cosmo Energy Group aims to reduce the environmental impact associated with the manufacturing, use, and disposal of products as well as with the provision of services to companies. We actively promote green purchasing by procuring goods that have a low impact on the global environment, and by doing business with environmentally friendly suppliers.
Implementation Method
When performing purchasing activities, Cosmo Energy Holdings and its three core operating companies1 make comprehensive decisions based not only on quality, price, and delivery time, but also on a green assessment. This kind of assessment represents a comprehensive evaluation of the following two points.
1. Cosmo Oil, Cosmo Oil Marketing and Cosmo Energy Exploration & Production
1. Product environmental characteristics
| Green assessment targets |
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|---|---|
| Assessment method |
Evaluation of the environmental characteristics according to our Environmental Considerations for Goods.
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2. Supplier environmental initiatives
| Green assessment targets | Suppliers providing goods (excluding crude oil and petroleum products) and services |
|---|---|
| Assessment method | Evaluation of environmental initiatives based on information received from the supplier through our Supplier Assessment Points questionnaire. Note: Existing suppliers of the Group have been asked to complete the questionnaire survey, and new suppliers are also asked to do the same. |
Green Purchasing Initiatives for Office Supplies
As part of its Eco Office activities, the Group is reducing power consumption in its offices, while promoting green purchasing of specific office supplies. We monitor the green performance of each Group company and office to promote the purchase of environmentally friendly products.
The Group is working to achieve a green purchasing rate of 80% or higher.