Kuraray Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Masaaki Ito) today announced that it is celebrating its third consecutive year of inclusion in the following ESG (environmental, social and governance) investment indexes: the FTSE4Good Index Series and FTSE Blossom Japan Index designed by FTSE Russell, and the MSCI Japan ESG Select Leaders Index and MSCI Japan Empowering Women Index (WIN) developed by U.S. company, MSCI Inc. Kuraray was also named to the S&P/JPX Carbon Efficient Index, making it a constituent of all of the ESG investment indexes adopted by Japan’s Government Pension Investment Fund (GPIF).
In line with its corporate mission statement, “For people and the planet—to achieve what no one else can”, the Kuraray Group will remain committed to strengthening corporate governance, while also pursuing environmentally friendly manufacturing and social contribution through its business activities.
The four ESG Indexes employed by the Government Pension Investment Fund (GPIF):
1. FTSE Blossom Japan Index
An investment index designed by FTSE Russell, a wholly owned subsidiary of London Stock Exchange Group. This index comprises Japanese corporations that meet high ESG performance standards.
2. MSCI Japan ESG Select Leaders Index
An index comprising companies in each sector that achieve high ESG ratings selected from constituents of the underlying MSCI Japan IMI Top 700 Index.
3. MSCI Japan Empowering Women Index (WIN)
An index comprising companies drawn from the MSCI Japan IMI Top 500 Index that exhibit high gender diversity within their sector. Constituent selection is based on a gender diversity scoring system developed by MSCI.
4. S&P/JPX Carbon Efficient Index
An index with S&P Dow Jones Indices’ TOPIX (Tokyo Stock Price Index) as its universe, that weights constituents according to environmental information disclosure status and carbon efficiency standards.