The first half of the Cosmo Oil Group Corporate Report 2011 focuses on the Group's policies, initiatives and other aspects of its management philosophy, while the second half contains detailed reports, along with quantitative data, on plans and performance. Detailed data that could not fit into the printed edition of the report has been made available on the web, and the addresses are noted for reference. This shows that the Cosmo Oil Group is making an effort to improve the readability of the report without sacrificing the amount of information it discloses.
CSR reports generally emphasize the initiatives a company takes and the results achieved with regard to "reducing negatives" such as environmental impacts, accidents and disasters. This is also true of the Cosmo Oil Group Corporate Report 2011. The particular characteristics of this industry mean that disclosing this kind of information will continue to be important. Since the Great East Japan Earthquake, however, society has come to expect more of the Cosmo Oil Group in terms of contributing to sustainability through its business. In my opinion, the Group could yet improve its disclosure of information to better meet these expectations.
Although this report was made with reference to the GRI Sustainability Reporting Guidelines 2006, it is not fully in accordance with them. I would like to see future reports follow GRI guidelines, keeping in mind the Oil and Gas Sector Supplement scheduled for release in 2011.
- Tomonori Yoshida
- KPMG AZSA Sustainability Co., Ltd.
