Sustainability Initiatives of the Cosmo Energy Group
In order to realize sustainable growth as declared in the Management Vision of the Cosmo Energy Group, and based on the Cosmo Energy Group Code of Conduct, a new consolidated medium-term Sustainability management plan (FY2018 to FY2022) has been drafted in line with the new consolidated medium-term management plan. To strengthen the basis for group management, which is one of the four basic policies of the plan, our entire group will implement Sustainability management and contribute to realizing Social Development Goals (SDGs) from the perspective of ESG (environmental measures; human rights and social contribution measures; safety and governance).
Internal Control System
The Cosmo Energy Group is committed to implementing its Management Vision and Code of Conduct while ensuring that operations are carried out in an appropriate and efficient manner. Toward these ends, the Group has established and maintains systems under which directors and employees of the Company and its Group companies carry out their duties; systems for risk management and internal auditing; and systems for audits performed by the Supervisory Committee, all of which are based on the Group’s basic policy on internal control systems. The Group also has established the Sustainability Strategy Committee, chaired by the President and Group CEO, to serve as the organization that oversees internal controls. It consists of the officers and heads of the corporate planning divisions of Cosmo Energy Holdings, as well as the presidents and heads of the planning divisions of the core operating companies, and the Supervisory Committee members. The Sustainability Strategy Committee evaluates the performance of the activities conducted according to the Consolidated Medium-Term Sustainability Plan and reports important items to the Board of Directors. As a working body of the Sustainability Strategy Committee, the Sustainability Committee, headed by the General Manager of the Sustainability Initiative Department, meets regularly four times a year, with additional meetings held as needed.
COSMO REPORT 2021 (PDF Download)
Period covered ：
Mainly the fiscal year from April 1, 2020 to March 31, 2021 (including some information for fiscal 2021)
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 CSR from an international perspective and that it is striving to improve its initiatives for social responsibility.
| Human Rights |
Principle 1:Businesses should support and respect the protection of internationally proclaimed human rights; and |
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Principle 2:make sure that they are not complicit in human rights abuses. |
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| 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. |
