The Cosmo Oil Group has been facing with various social issues underpinning environmental problems, including mass consumption, poverty, and human rights issues, over the course of carrying out environmental preservation activities that extend beyond the scope of our business. We have realized the necessity of social cooperation and collaboration to address these complex issues.
To strengthen our resolve, we have signed the Global Compact proposed by the United Nations in February 2006 as a means of enabling our executives and employees to become keenly aware of the promotion of CSR management. In doing so, we will continue to pursue sustainable growth as well as strive for coexistence with society.
| Human Rights |
The ten principles of the UN Global Compact |
Activities of the Cosmo Oil Group |
Principle 1 Businesses should support and respect the protection of internationally proclaimed human rights. |
- We respect the principles of the Universal Declaration of Human Rights.
- We created the "Consolidated Medium-Term Human Rights/Personnel Plan" and have focused on personnel plans which respect basic human rights.
- We centralize human rights education provided not only to our employees but also to our affiliates and subsidiaries.
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Principle 2 Businesses should make sure that they are not complicit in human rights abuses. |
- We make efforts to protect employees' and local residents' human rights.
- We pursue faithful business in all the countries where we conduct our business in deep respect of cultural differences and human dignity and rights.
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| Labor Standards |
The ten principles of the UN Global Compact |
Activities of the Cosmo Oil Group |
Principle 3 Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining. |
- We hold a pre-consultation session between labor and management, in case any working condition might be affected. (Specified in our labor agreement.)
- We respect worker's rights to organize and to bargain collectively.
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Principle 4 Businesses should uphold the elimination of all forms of forced and compulsory labor. |
- We do not force our employees to work against their will.
- We improve the working environment and employees' motivation through the Consolidated Medium-Term Human Rights/Personnel Plan.
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Principle 5 Businesses should uphold the effective abolition of child labor. |
- We do not employ children.
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Principle 6 Businesses should uphold the elimination of discrimination in respect ofemployment and occupation. |
- We respect employees' diversity and guarantee equal opportunity.
- We respect human rights and do not discriminate against any birth, nationality, race, creed, religion, sex, age, or physical disability.
- We promote fair employment, respect applicants' basic human rights, and evaluate them based on their aptitude and ability.
- We conduct activities to completely eliminate any discrimination and raise the employees' awareness of it through the Consolidated Medium-Term Human Rights/Personnel Plan.
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| Environment |
The ten principles of the UN Global Compact |
Activities of the Cosmo Oil Group |
Principle 7 Businesses should support a precautionary approach to environmental challenges. |
- We make efforts to take any preventive measures if necessary in consideration of the environment, responding to our corporate plans of the new enterprise, development and distribution of our products, introduction of large-sized facilities, initiating the large-scale construction, etc.
- To prevent environmental pollution caused by business activities, we throughly control the environmental impacts in each site, such as refining, distribution, and sales by the Consolidated Medium-Term Environmental Plan. (e.g. double-hull structure of SS tanks and tankers).
- Simultaneously, we proceed our activities to manage the environment throughly by means of environmental inspection and various kinds of management tools.
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Principle 8 Businesses should undertake initiatives to promote greater environmentalresponsibility. |
- We actively promote environmental preservation as we consider the global environment to be one of the most important issues. In all business activities, we work hard to minimize environmental impacts by reducing consumption of energy and resources as well as pollutants emissions. We also promote waste management and recycling to contribute to building a recycling-based economy and society. We actively support the domestic and overseas conservation movement.
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Principle 9 Businesses should encourage the development and diffusion of environmentally friendly technologies. |
- We actively develop environmentally-sound technologies, including products with reduced environmental impact and new sources of energy.
- We promote the transfer of our environmental technologies in domestic and overseas. Our refineries not only receive trainees from Asia and the Middle East, but also dispatch our engineers to overseas refineries to disseminate energy conservation and environmental technologies.
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| Anti-Corruption |
The ten principles of the UN Global Compact |
Activities of the Cosmo Oil Group |
Principle 10 Businesses should work against corruption in all its forms, including extortion and bribery. |
- We do not lavishly entertain or give gifts to public officials or other individuals in positions of authority, and do not commit, promise, or propose any form of bribery.
(FY2010 results of Cosmo Oil : 0)
- We provide compliance training to raise employee awareness regarding the prevention of corruption.
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