MCHC Selected as Component for Newly Created ESG Index
April 15, 2022
Mitsubishi Chemical Holdings Corporation (MCHC; Head Office: Chiyoda-ku, Tokyo; President: Jean-Marc Gilson) hereby announces that it has been selected as a component for inclusion into the FTSE Blossom Japan Sector Relative Index, which is the ESG index newly created by FTSE Russell, a global index provider.
The FTSE Blossom Japan Sector Relative Index (the “Index”) is the investment index that, in respective sectors, relatively reflects the performance of Japanese companies demonstrating strong environment, social and governance (ESG) practices, and is designed to be a sector-neutral benchmark. In addition, this Index is intended to promote the transition to a low-carbon economy. For companies with particularly high greenhouse gas emissions, the TPI Management Quality Score (Note 1) is used to evaluate their improvement initiatives and determine their inclusion in this Index.
This Index has been selected by Japan’s Government Pension Investment Fund (GPIF) as one of its ESG indices. Including this Index, MCHC has been selected for all of the ESG indices (Note 2) covering domestic equities adopted by GPIF.
MCHC believes that its selection resulted from high evaluation of its activities and policies with regard to reducing greenhouse gas emissions and its various initiatives to promote appropriate information disclosure. For realizing a sustainable society, the MCHC Group will continue to provide solutions to issues facing people, society and the globe based on the Group’s collective capabilities, while offering value to society.
(Note 1) A score that uses information disclosed by a company to evaluate the quality of its performance regarding risks and opportunities related to the management of greenhouse gas emissions and the transition to a low-carbon economy.
(Note 2) ESG indices covering domestic equities adopted by GPIF
・FTSE Blossom Japan Index
・MSCI Japan ESG Select Leaders Index
・MSCI Japan Empowering Women Index (WIN)
・S&P/JPX Carbon Efficient Index
・FTSE Blossom Japan Sector Relative Index
The FTSE Blossom Japan Sector Relative Index (the “Index”) is the investment index that, in respective sectors, relatively reflects the performance of Japanese companies demonstrating strong environment, social and governance (ESG) practices, and is designed to be a sector-neutral benchmark. In addition, this Index is intended to promote the transition to a low-carbon economy. For companies with particularly high greenhouse gas emissions, the TPI Management Quality Score (Note 1) is used to evaluate their improvement initiatives and determine their inclusion in this Index.
This Index has been selected by Japan’s Government Pension Investment Fund (GPIF) as one of its ESG indices. Including this Index, MCHC has been selected for all of the ESG indices (Note 2) covering domestic equities adopted by GPIF.
MCHC believes that its selection resulted from high evaluation of its activities and policies with regard to reducing greenhouse gas emissions and its various initiatives to promote appropriate information disclosure. For realizing a sustainable society, the MCHC Group will continue to provide solutions to issues facing people, society and the globe based on the Group’s collective capabilities, while offering value to society.
(Note 1) A score that uses information disclosed by a company to evaluate the quality of its performance regarding risks and opportunities related to the management of greenhouse gas emissions and the transition to a low-carbon economy.
(Note 2) ESG indices covering domestic equities adopted by GPIF
・FTSE Blossom Japan Index
・MSCI Japan ESG Select Leaders Index
・MSCI Japan Empowering Women Index (WIN)
・S&P/JPX Carbon Efficient Index
・FTSE Blossom Japan Sector Relative Index
- Related document released: “Formulation of a Policy Toward Achieving Carbon Neutrality by 2050” announced on October 20, 2021
