Inpex
Inpex Corporation is a publicly listed upstream oil and gas company headquartered in Japan with part owned by government of Japan. In 2020, it had USD 7.14 billion in revenue and a reported 3,117 employees*. Inpex’s total scope 1, 2 and 3 emissions in 2019 were equivalent to 7% of Japan’s 2019 total emissions. The company’s updated Net Zero business strategy still lacks strong targets and clear development plans for a successful low-carbon business.
- Ranking position
- #30 /100
- Total score
- 15.7 /100
- Performance score
- 1.6 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
Inpex receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Inpex ‘s scope 3 emissions are expected to exceed its 1.5°C carbon budget by 72% between 2019 and 2050 based on just its existing and approved fields. Despite this, the company continues exploring for new oil and gas. The company’s new business strategy is unlikely to be sufficient to align it with a 1.5°C pathway. It lacks a target covering scope 3 emissions as well as targets and deployment schedules to back its plans to scale up low-carbon business activities.
Progress towards the Paris Agreement
More about the company
- Headquarters
- Tokyo, Japan
- Group revenue
- JPY 771,046,000,000 (USD 7.14 billion)
- Ownership structure
- Publicly listed with part government ownership
- Number of employees
- 3,117
- Scope of activity
- Upstream
- Website
- https://www.inpex.co.jp/english/