On April 4, 2022 Kuraray Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Hitoshi Kawahara; hereinafter "Kuraray" or the "Company") reported that it has been included in the FTSE Blossom Japan Sector Relative Index designed by the global index provider FTSE Russell (Press release, Kuraray, APR 4, 2022, View Source [SID1234611379]).
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Kuraray has been included on a continuous basis in the following ESG (environmental, social and governance) investment indexes: the FTSE4Good Index Series and FTSE Blossom Japan Index designed by FTSE Russell; the MSCI Japan ESG Select Leaders Index and MSCI Japan Empowering Women Index (WIN) developed by U.S. company, MSCI Inc.; and the S&P/JPX Carbon Efficient Index. Kuraray has now also been included in the FTSE Blossom Japan Sector Relative Index, making it a constituent of all of the ESG investment indexes for Japanese stocks 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 working to solve social issues and help improve natural and living environments through its business activities.
The five ESG Indexes for Japanese stocks 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.
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2. FTSE Blossom Japan Sector Relative Index
An investment index designed by FTSE Russell, a wholly owned subsidiary of the London Stock Exchange Group. This index reflects the performance of Japanese corporations that demonstrate strong Environmental, Social and Governance (ESG) practices relative to their sector. In addition, to encourage the transition to a low-carbon economy, for companies with especially high greenhouse gas emissions, only companies whose improvement initiatives have been evaluated using TPI Management Quality Score are included.
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3. 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.
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4. MSCI Japan Empowering Women Index (WIN)
An index comprising companies drawn from the MSCI Japan IMI Top 700 Index that exhibit high gender diversity within their sector. Constituent selection is based on a gender diversity scoring system developed by MSCI.
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5. 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.
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