Status of Inclusion in the Index and Stocks / External Awards

Status of Inclusion in the Index

FTSE4Good Index Series

In 2022, we were listed for the first time on the FTSE4Good Index Series. The FTSE4Good Index Series is an internationally prominent series of indexes for environmental, social, and governance (ESG) investors. It comprises companies that are highly commended for their ESG performance.

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FTSE Blossom Japan Index

In 2022, we were listed for the first time on the FTSE Blossom Japan Index. The FTSE Blossom Japan Index is an ESG investment index consisting of Japanese companies that are highly commended for their ESG performance. It is used as a benchmark by Japan’s Government Pension Investment Fund.

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FTSE Blossom Japan Sector Relative Index

In 2022, we were listed on the FTSE Blossom Japan Sector Relative Index. The FTSE Blossom Japan Sector Relative Index reflects the performance of Japanese companies that demonstrate strong ESG performance relative to other companies in their sector. To support a climate transition to a low carbon economy, companies, those in sectors that produce high levels of carbon emissions, are only included if they are appraised highly for climate-related initiatives.

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Nadeshiko Brand 2023

We were recognized as a company that proactively and effectively encourages women’s success and was selected jointly by the Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) as a Nadeshiko Brand for fiscal year 2022. This is the first time that the Company was awarded this designation. We were selected based on our strong commitment to encouraging women’s success as a part of its management strategy in order to create “interactions and chemical reactions between various talents” to reform our operating structure, our inclusion of percentage of women in managerial positions, etc. as clear KPIs, and our disclosure of such KPIs in the Medium-term Management plan and Idemitsu Integrated Report.

2023 Health & Productivity Stock Selection / 2023 Certified Health & Productivity Management Organization Recognition Program (the “white 500”)

We have been selected on 2023 Health & Productivity Stock Selection and 2023 Certified Health & Productivity Management Organization Recognition Program (the “white 500”) for the second consecutive year. The Health & Productivity Stock Selection is an index provided by Japan’s Ministry of Economy, Trade and Industry (METI) in collaboration with the Tokyo Stock Exchange. The “white 500” is for health and productivity in a program run by METI and the Nippon Kenko Kaigi. Our industrial healthcare staffs, work places, and managers collaborate to support the independent health management of employees.

DBJ Employees' Health Management Rated Loan Program 2023

We received the highest ranking in the DBJ Employees’ Health Management Rated Loan Program provided by the Development Bank of Japan Inc. (DBJ) for the first time in 2023. The autonomous health promotion by our employees, our drive to improve engagement in-house and our deployment of measures which will lead to the creation of new value were praised as particularly outstanding initiatives which take into consideration employees’ health.

出光興産, DFF Inc.

Status of External Selection and Certification

Selected as a Company with Excellence in Corporate Disclosure (FY2023)

We were selected for the first time as the number one company in the energy category (number of eligible companies: 22) at the Awards for Excellence in Corporate Disclosure as chosen by external analysts and organized by the Securities Analysts Association of Japan in FY2023. We were recognized for the quality, quantity and timing of our disclosures based on the assessment criteria in five areas: attitude of management toward IR, functions of the IR department, disclosure of explanatory materials, fair disclosure and ESG-related information disclosure.

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DX Certification

We acquired DX Certification (from the Minister of the Economy, Trade and Industry) on April 1, 2021. Our initiatives are DX-Ready, meaning the Company has been recognized as having achieved the requisite readiness level for business transformation through digital technology.

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Kurumin

We analyzed our issues, examined specific measures, and formulated an action plan to support the active participation of employees who aim to balance work and family life. In 2012 and 2015, we were certified as a childcare-friendly company by the Ministry of Health, Labor and Welfare, and obtained Kurumin Certification for our measures to support raising the next-generation children.

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出光興産, DFF Inc.

External Awards

  • Award/ Commendation Winner Organizer Date Description
    FY2022 Science and Technology from the Minister of Education, Culture, Sports, Science and Technology Award

    Electronic Materials Department Electronic Materials Development Center
    Masakazu Funahashi

    Advanced Technology Research Laboratories Advanced Inorganic Materials Research Laboratory
    Masahide Matsuura

    Lithium Battery Material Department Battery Material Development Center
    Kenichi

    Ministry of Education, Culture, Sports, Science and Technology April 8, 2022 This Award praises the achievements of those who have achieved remarkable results in research and development and promotion of understanding of science and technology. Of these, the “development category” is an epoch-making research and development / invention that contributes to the development and improvement of Japan’s socio-economics and people’s lives, and is targeted at those that are currently being utilized.
    The award achievement was “Development of a highly efficient and long-life blue organic EL light emitting device.”
    Display Week 2022: OLED Technology Category: Best Paper Paper Title「Realization of Ultra-High Efficient Fluorescent Blue OLED」 Society of Information Display May 9, 2022 Idemitsu developed a new light producing method for OLEDs using fluorescent blue-light emitting materials and succeeded in achieving the world’s highest light emitting rate and longevity. The paper presenting the achievement was selected as the best paper in the OLED Technology Category at Display Week 2022, which is a symposium held by the Society for Information Display, the world’s largest academic group for displays.
    FY2021 Japanese Society of Tribologists Paper Award Lubricants Research Laboratory
    Masato Kaneko
    Japanese Society of Tribologists May 24, 2022 This award is given to outstanding individuals, research papers, technologies, and more for the purpose of encouraging the development of studies and technologies in the field of tribology.
    Regarding the viscosity and temperature characteristics of lubricants, we introduced a formula that can be applied to high-pressure viscosity and used to calculate the high-pressure viscosity of lubricants. The formula for which the prize was awarded is presented in the paper “High pressure rheology of lubricants (Part 5) - Derivation of van der Waals type viscosity equation -” which was highly praised.
    FY2021 Japanese Society of Tribologists Technology Award Lubricants Research Laboratory
    Tomoaki Okano
    Keiji Asada
    Hideaki Hattori
    Japanese Society of Tribologists May 24, 2022 This award is given to outstanding individuals, research papers, technologies, and more for the purpose of encouraging the development of studies and technologies in the field of tribology.
    Idemitsu received the award with high praise for its unique creativity in developing water-soluble cutting oil and the technical skills underlying this achievement. This was Idemitsu’s first award for its water-soluble cutting oil.
    FY2022 Science and Technology Promotion Award Technology & Engineering Center
    Senior Chief Associate
    Yoichi Ishizaki
    High Pressure Institute of Japan May 27, 2022 Yoichi Ishizaki and three people from oil and petrochemical companies in Japan authored the research paper that received the award, which is entitled “Overview of Significance of Ms and Validation of Reference Stress Solution(1)-(3).”
    Praised as an excellent, highly reliable review, this research paper was reflected in the common appropriate evaluation standards for equipment under the High-Pressure Gas Safety Act, which were approved for use from fiscal 2022.
    The 58th Minister of the Economy, Trade and Industry Award for Electric Power Security Excellence Technology & Engineering Center
    Keisuke Etoh
    Ministry of Economy,Trade and Industry August 3, 2022 This award is given to companies or individuals who have been recognized as having made outstanding efforts in ensuring the safety of electric power. Evidence confirming Keisuke Etoh’s contribution to ensuring electric power security consisted mainly of over 100 technological lectures as well as over 100 research papers and electric technology journal entries over more than 25 years. In addition, he has received the Higuchi Award (Japan Electric Engineers’ Association) and the Shibusawa Award (The Japan Electric Association), making this the first time one of Idemitsu’s electrical engineers has received these three awards.

    The American Society of Mechanical Engineers(ASME) Award

    The American Petroleum Institute (API) Award

    Technology & Engineering Center

    Senior Chief Associate

    Yoichi Ishizaki

    The American Society of Mechanical Engineers (ASME)

    The American Petroleum Institute (API)

    November 14, 2022

    Yoichi Ishizaki was recognized and awarded for his contributions in the creation of the 2021 Edition of the “API 579-1/ ASME FFS-1 Fitness-For-Service” standard*, jointly published by ASME and API in the U.S. The paper was also published in Japanese and received the FY2022 Science and Technology Promotion Award from the High Pressure Institute of Japan.

    * The API 579-1/ASME FFS-1 Fitness-For-Service standard: Theoretically rational standard for judging and evaluating from the perspective of fracture mechanics, etc., various aged deterioration conditions that occur in petroleum / petrochemical facilities after they are put into service. It is widely and publicly recognized as the technical standard that provides the basis for the safe and stable operation of petroleum and petrochemical facilities, not only in the United States but also in the United Kingdom and other countries.
  • Award/ Commendation Winner Organizer Date Description
    FY2021 Minister of Education, Culture, Sports, Science and Technology Prize for Creativity in the Field of Science and Technology Idemitsu Plantech Hokkaido 1 people
    Seibu Oil 2 people
    Ministry of Education, Culture, Sports, Science and Technology April 6, 2021 This prize is for those who have improved technology in the workplace through excellent creativity. There were 1,935 applicants and 477 recipients. Of those recipients, the Idemitsu Group accounted for three. The prizes were awarded to engineers who contributed to the field of science and technology.
    FY2020 Japanese Society of Tribologists Technology Award Lubricants Research Laboratory
    Daisuke Takekawa
    Kazushige Matsubara
    Keiichi Narita
    Japanese Society of Tribologists May 25, 2021 This award is given to outstanding individuals, research papers, technologies, and more for the purpose of encouraging the development of studies and technologies in the field of tribology.
    The technology that received the award enhances the performance of fluid for transaxles for electric vehicles (eAxles). It received high praise for helping enhance the performance of eAxles and combat global warming. Using this technology, Idemitsu developed and commercialized the new IDEMITSU E AXLE FLUID as a fluid specially designed for eAxles.
    Science and Technology Award Chiba Complex
    Yu Takarada
    High Pressure Institute of Japan May 28, 2021 This is an honorary award given to young engineers recognized as significantly contributing to and advancing the academic development of future-facing pressure technologies. Yu Takarada received the award in recognition of a research paper regarding the relationship between the hardness and tensile strength of austenite stainless steel.
    Chairman Award of the Chiba Prefecture Firefighter Association Ichikawa Astomos Terminal Chiba Prefecture Firefighter Association June 29, 2021 We received high praise for the proactive measures we took to assure safety management and security of high-pressure gas.
    Special Award for the 50th Anniversary Ceremony for Chita City Aichi Refinery (currently Aichi Complex) Chita City, Aichi Prefecture July 18, 2021 We were commended for our sustainable industry activities and long-standing environmental protection and social welfare activities.
    Sixth Coin Laundry Awards 2021: Special Prize WASH TERRACE Syonandai International Coin-operated Laundry EXPO executive committee September 15, 2021 All stores throughout Japan are eligible to submit an entry for the awards, and a selection committee selects and awards excellent stores in each category. The laundry service store that received the award was opened in April 2020 as a field test. In addition to its provision of staffed laundry services and café functions, the store was praised for its level of customer service and the cleanliness of the facilities.
    Hokkaido Energy Saving and New Energy Promotion Awards: New Energy Category: Grand Prize Hokkaido Refinery Hokkaido Prefecture October 19, 2021 The awards are given every year to individuals and organizations that make remarkable achievements related to Hokkaido Energy Saving and New Energy Promotion Regulations as well as developing and introducing new energy.
    We undertook measures at our refineries to help realize a low-carbon society, such as introducing ultra-compact EVs for on-site vehicles, and received praise for the strong ripple effects we are having as a leading example of introducing new energy.
    Excellent Safety Employee Award Technology & Engineering Center
    Fuel Quality Technology Office
    Shigemi Yamahira
    Chiba Prefecture Cooling Equipment Safety Association October 26, 2021 For many years he has actively worked to ensure the safety of and prevent disasters involving high-pressure cooling equipment. His accomplishments to date were highly commended with this award.
    FY2021
    Minister of the Economy, Trade and Industry Award for High-Pressure Gas Safety
    Tokuyama polypro Co.,ltd
    Tokuyama factory
    Ministry of Economy,Trade and Industry October 29, 2021 This award is given mainly to people who have contributed to safety and excellent work sites where remarkable achievements have been made in preventing disasters from high-pressure gas.
    We received the award as a work site that has in place especially excellent safety measures related to facility structures, equipment, and manufacturing methods for the production of high-pressure gas.
    Tokuyama Polypro was highly praised for its long-standing safety management activities with 51 years of zero accidents since 1970, when it was established, as well as zero lost-time injuries since 1975.
    66th Shibusawa Award Technology & Engineering Center
    Engineering Design & Technical Office
    Keisuke Etoh
    The Japan Electric Association November 3, 2021 Through research papers and external technical lectures in the electric security field, he havs worked to raise awareness of technologies that help ensure electric security in Japan. His efforts related to electric security to date have been highly commended.
    Cogeneration Awards 2021: Industrial Category: Special Prize Astomos Energy Corporation Advanced Cogeneration and Energy Utilization Center February 5, 2022 The awards are given to excellent cogeneration power facilities mainly for their newness, foresight, new technologies, and energy conservation.
    Astomos Energy Corporation was praised for its efforts in collaboration with E-net Co., Ltd., Nippon White Farm co.,Ltd. and Yanmar Energy System Co., Ltd. to support the switch from using heavy oil A for power generation to cogeneration using LPG. To overcome such issues as maintaining power during outages and responding to the Act on the Rational Use of Energy, the company introduced 20 LPG cogeneration power systems, establishing Japan’s largest collection of units using city gas and LPG as the main energy source.
    FY2021
    Excellent Energy Saving and Decarbonized Device and System Awards: Head of Agency for Natural Resources and Energy Prize
    Boiler control optimization system ''ULTY-V plus'' The Japan Machinery Federation February 15, 2022 The award is given to individuals, companies, and organizations recognized as helping promote a low-carbon society by developing and utilizing excellent industrial energy-saving devices and systems or developing and utilizing devices and systems that are effective in holding down CO2 emissions.
    The system, which is sold by NYK IDEMITSU Green Solutions, was praised for its ability to improve the environmental friendliness and economical performance of existing boilers that use such fuel as coal and heavy oil.
  • Award/ Commendation Winner Organizer Date Description
    FY2020 Science and Technology Promotion Award Technology & Engineering Center
    Chief Associate
    Yoichi Ishizaki
    High Pressure Institute of Japan May 29, 2020 The award-winning paper "Safety Factor Table for Partial Corrotion Management" was co-authored with four people from outside the company. The table can simply determine fracture occurrence probability of a corroded pressure-resistant part as reflected in "metal loss assessment for pressure equipment based on reliability".
    Fire Station Chief’s Prize Karatsu Oil Terminal Fire and Disaster Management Agency June 8, 2020 The Karatsu Oil Terminal, which supplies petroleum products to areas of Saga, Nagasaki, and Fukuoka prefectures, recorded zero accidents and zero disasters for over 4,700 days. As an excellent hazardous substance business site, the depot received the Fire Station Chief’s Prize from the local fire station.
    Excellent Business Site for Training Equipment Maintenance Managers Chiba Complex Japan Petroleum Institute (JPI) November 12-13, 2020 This award is given to business sites that have many confirmed accomplishments in enhancing equipment reliability and training equipment maintenance managers. Our business sites were commended for working earnestly to acquire qualifications and proactively participating in external committee activities.
  • Award/ Commendation Winner Organizer Date Description
    Japan Petroleum Institute Award for Distinguished Service Itaru Matsuhiro, (CEO Assistant) Japan Petroleum Institute (JPI) May 28, 2019 Outstanding achievements in the development of Japan Petroleum Institute for six years.
    Chunichi Shimbun Advertising Grand Prize Best Award in Sport Category PR article “Show Your Splendid Work Like Manga Chunichi Shimbun        Co., Ltd. June 14, 2019 Moto GP rider Takaaki Nakagami’s fighting spirit is well represented through manga-like interview article.
    Dentsu Advertising Awards Gold Prize in the Category of Enterprises and Public Sector II TV commercial “My Father’s Job” Advertising Dentsu Award Council July 1, 2019 The commercial depicts a boy’s point of view of his father who works far away in Vietnam to support Nghi Son Refinery construction for a better energy security in the region.
    Japanese Spring Conference for the Technology of Plasticity 2019
    Encouragement Award for Excellent Paper
    Lubricants Research Laboratory
    Tomoaki Okano
    The Japan Society for Technology of Plasticity June 7-9, 2019 The theme of the award-winning paper was “Development of Cold Forging Oil Using the Phase Transition Behavior of Lubricants.
    Best HR Leader in Greater China – HR Excellence Award 2019 Tsai Senior Manager - Idemitsu Electronic Materials (Shanghai) Co., Ltd. China Human Capital Forum 2019 September 5, 2019 A prestigious award by Greater China Human Resources Management for Chinese HR professionals and companies worldwide.
    Fire Service Merit Award Nagasaki Oil Terminal Government of Nagasaki City January 7, 2020 Awarded for being proactively and steadily conducting firefighting activities (disaster drills and preventions) in cooperation with local residents.
出光興産, DFF Inc.