Promoting the success of diverse employees

Basic approach

Thoughts on women's empowerment

Idemitsu Kosan positions the promotion of women's empowerment as one of its key DE&I promotion measures, and aims to be a company where all employees, regardless of gender, can work with enthusiasm and co-create new value with various stakeholders.

Strategy

General business owner action plan based on the Act on Promotion of Women’s Participation and Advancement in the Workplace

At our company, we have formulated the following action plan to enable the further growth and success of female employees as part of the promotion of women's empowerment, which is one of the important measures for promoting DE&I.

Planning period
April 1, 2023 - March 31, 2026 (3 years)
Goals, details of initiatives, and timing of implementation
(1) Providing opportunities for female workers regarding their professional lives
[Target 1: Increase the ratio of women in management positions to 5%* (*as of July 1, 2026)]
<Initiatives to achieve goals>
Initiative 1: Creation and monitoring of development plans for female managers (from April 2023)
Initiative 2: Securing training and growth opportunities by expanding internal and external mentoring systems (from April 2023)
Initiative 3: Support for information exchange and network formation among employees (from April 2023)
・Network between women

[Target 2: Increase the ratio of women among graduates or above to 50%]
<Initiatives to achieve goals>
Initiative 1: Promotion of recruitment public relations activities (from April 2023)
Initiative 2: Strengthen collaboration with universities, mainly science departments (from April 2023)
Initiative 3: Strategic use of mid-career recruitment (from April 2023)


(2) Creating an employment environment that contributes to a balance between work life and family life
[Target: Achieve a paid leave acquisition rate of 85% or higher]
<Initiatives to achieve goals>
Initiatives: Strengthen initiatives to promote paid leave taking (from April 2023)
・Establishment of paid leave incentive days and dissemination of information
・Visualization of paid leave usage rate
・Thorough work management

Metrics and targets

Numerical targets for women's empowerment

FY2022 results
The goal
Female recruiting ratio
33.3%
50% or more (April 2026)
Female ratio in managerial positions
3.5%
5% or more (July 2026)
  • New graduate recruitment results for April 2023

ESG Data>Society>Employment status, recruitment status

Initiatives

Initiatives to promote women’s empowerment

・Holding health support seminars: Newly established as an opportunity to deepen understanding of women's specific health issues such as menstruation and menopause, as well as pregnancy and childbirth, in addition to the perspective of health management, regardless of gender. It will be held three times in 2022.
・Training to promote understanding of diversity for employees (age-based training, etc.)
・Training for executives (DE&I understanding in training for new executives, etc.)
・Holding social gatherings (meetings for exchanging opinions among female technical employees, etc.)
・We will launch the Idemitsu Women's Network in October 2022 to strengthen our promotion of women's advancement. To date, network subcommittees have been held 14 times, with a total of 59 participants.
・Mentoring aimed at supporting the career of female employees

1:1 mentoring
1:1 mentoring
1:1 mentoring

Started cross-mentoring with Tokio Marine & Nichido Fire Insurance Co., Ltd.

Cross-mentoring is when the mentor (supporter, adviser) and mentor (recipient of support and advice) are from different companies. It is one of the cross-company career development support programs, and is aimed at improving the promotion motivation and leadership of mentors (female) and giving mentors hints on developing diverse human resources. A total of 32 people from both companies were selected, including eight female managers and Manager managers as mentors and eight executives such as executive officers as mentors. Sixteen pairs of female managers and executives from both companies will be paired up and will participate in group training and mentoring until December 2023.

●List of past initiatives

Implementation content Date and time Subject Participant Remarks
Thematic subcommittee April 2020
(Twice)
Employees who balance work and family 7 people The theme is balancing work and family during the coronavirus pandemic
June 2020
(4 times)
16 people The theme is how to raise children and work in your own way in a time of coronavirus.
Opinion exchange meeting among female technical employees From February 2020
(3 times in total in 2020)
Female technical employees at our group's Complex and refining companies 8 persons Increase motivation for work and career through opinion exchange meetings and social gatherings
August 2021 20 people
Interaction with female employees of other companies From 2017 Female employees of our company and other companies in the same industry - Held as an opportunity to build external and global networks for the purpose of expanding horizons, etc.

Promoting the active participation of seniors

Our company has introduced a retirement age selection system between 60 and 65 years old from fiscal 2021, with the aim of enabling employees to play an active role regardless of their age. 592 seniors (age 60 and older) (as of the end of March 2023) are working with the same grades, evaluations, and compensation systems as employees under 59. By introducing this system, we will utilize the experience and knowledge of the senior generation to develop juniors, pass on knowledge and skills, and challenge new opportunities through updating their "mindset" and "reskilling." I will support you. The period covered by this system is until fiscal year 2024, and we are considering extending the current system from fiscal year 2025 onwards.

Retirement age Retirement age selection system from 60 to 65 years old * (choose your own age)
Working conditions Same system as under 60 years old
Grade
Evaluation
Reward
Welfare
Severance pay No increase in retirement allowance after age 60
  • Scheduled until 2024.
    We are currently considering extending the current system for fiscal 2025 and beyond.

Promoting the success of mid-career hires (employees with experience)

Our company positions mid-career hires as "ready-to-work" and hired 33 people in fiscal 2022. Although we do not set promotion targets based on recruitment categories, in order to enable diverse human resources to demonstrate their abilities, we evaluate their abilities and achievements fairly, regardless of nationality, employment category, etc., and promote them to positions. We are hiring.

Initiatives related to LGBTQ+

PRIDE Index 2023 “Gold” Logo

Based on the "Basic Human Rights Policy" and the "DE&I Policy," our company does not tolerate any discrimination related to LGBTQ+, understands diversity in sexual orientation and gender identity, respects each other's individuality, enhances each other, and strives to strengthen the team. We are working to create a work environment where employees can make the most of their abilities.
In fiscal 2023, we introduced a same-sex partner marriage system and made it known to employees through e-learning, and received a "Gold" rating in the PRIDE Index 2023, an index for evaluating LGBTQ+ initiatives.

Promotion of active participation of people with disabilities

Our company strives to create an environment where people can work to their full potential, regardless of whether they have a disability, and to provide them with opportunities to thrive.
At the same time, we have created an environment in which people with disabilities can work individually in each department at the head office and at each base across the country, and at the same time we are also employing people with disabilities in a "team work" style at the head office, Chiba Complex, Advanced Technology Research Laboratories, and Tokuyama Complex doing.
The "team working" style is a way of working in which employees take on work from each department within the company and contribute as a team to improving company-wide productivity. Regardless of the special subsidiary system *, we aim to embody DE&I through interaction in daily work.
*If a business owner establishes and employs a subsidiary with consideration for people with disabilities and meets certain requirements, as a special case, workers employed by the subsidiary will be considered to be employed by the parent company, and the actual employment rate will be calculated. A system that allows calculation of (special subsidiary system)

Rules for employment of people with disabilities (Ministry of Health, Labor and Welfare) (Japanese only) 
“Team work” logo
“Team work” logo
“Team work” logo

Promoting the success of foreign employees

Our company has approximately 40 foreign employees, and we are implementing various initiatives to ensure that they can devote themselves to their work with peace of mind. As one of our measures, we have formed the Global Nakama Initiative (GNI), which is a place for foreign employees to interact and exchange information, and is developing it as a system where they can freely exchange opinions and consult. Currently, when foreign employees work at Japanese companies, their ways of thinking and customs often differ from those of Japanese people. Through this activity, we aim to create an environment where each foreign employee can play an active role while supporting their life and work in Japan.

●Global Nakama Initiative (GNI) results

Date
Remarks
January 2023 (9th)
Exchange of opinions on the theme of “career/transfer”
June 2022 (8th)
Sharing and solving worries and countermeasures under the theme of “returning home and family”
March 2022 (7th)
Jointly held by Life-Career Support Center and Human Resources Department
Initiatives started in 2018

The activities of national staff at important overseas bases

At our overseas subsidiaries, more than 3,000 national staff members work at 68 locations of Idemitsu Group companies. Currently, Japanese seconded employees are in charge of management, but we are also working to develop and delegate authority to national staff, including by introducing a personnel system that emphasizes the ability to demonstrate their abilities and implementing leadership training. In terms of diversity, Idemitsu Research & Business Development Europe has active members from more than 10 nationalities.

Evaluation

Selected as a Nadeshiko Brand

Nadeshiko brand logo

Our company was selected for the first time as a ''Nadeshiko Brand'' in 2020, jointly selected by the Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange, as a company that excels in promoting the active participation of women. business structure reforms includes a strong management strategy of promoting the active participation of women with the aim of "exchange and chemical reaction of diverse skills (DE&I)" for business structural reform, and clarification of KPIs such as the ratio of women Medium-term Management Plan positions. The company was selected for this award based on its evaluation of the points it disclosed in its integrated report.