CSR 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 CSR 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 CSR 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
In order to implement its Management Vision and Code of Conduct while ensuring that operations are carried out in an appropriate and efficient manner, the Cosmo Energy Group has established and maintained systems for carrying out director and employee duties of the Company and its Group companies, risk management and internal audit systems, and audit performed by the Supervisory Committee. We also have an organization for internal control by establishing four committees, chaired by each director in charge. These committees evaluate the performance of CSR activities, bring important matters to the Executive Officers' Committee for discussion, and forward them to the Board of Directors. Such matters are also brought to the Cosmo Energy Group CSR Promotion Liaison Meeting to be shared by Group companies for the control of the entire Group companies.
COSMO REPORT 2018 (PDF Download)
Period covered ：
Mainly the fiscal year from April 1, 2017 to March 31, 2018 (including some information for fiscal 2018)
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. |
COSMO OIL (U.K.): Modern Slavery Act Statement
COSMO OIL (U.K.) has published a statement to comply in line with the requirements of the UK Modern Slavery Act 2015.
Please refer to the link below for details.
