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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
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

2.5 /100 #65

Intangible Investment

0.0 /100 #20

Sold products

0.0 /100 #55

Management

55.6 /100 #12

Supplier Engagement

999.0 /100 #999

Client Engagement

999.0 /100 #999

Policy Engagement

20.0 /100 #47

Business Model

3.8 /100 #50

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/