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Kamigumi selected to FTSE Blossom Japan Sector Relative Index, an ESG index
Jan. 22, 2024
Kamigumi selected to FTSE Blossom Japan Sector Relative Index, an ESG index
Kamigumi Co., Ltd. (Head Office: Chuo-ku, Kobe; President & Representative Director: Yoshihiro Fukai; "Kamigumi" hereinafter) has been selected to the FTSE Blossom Japan Sector Relative Index, a leading ESG investment index. This index is used as an ESG benchmark in passive investments by Japan's Government Pension Investment Fund (GPIF), the world's largest institutional investor managing investment of the pension reserve fund.
The FTSE Blossom Japan Sector Relative Index is designed as a sector neutral benchmark that reflects the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices in Japan. The index selects companies with higher ESG Ratings within the top 50% of each sector and supports climate transition to a low carbon economy by evaluating companies' climate governance and climate change efforts via the Transition Pathway Initiative's Management Quality Score.
Kamigumi will continue to contribute to realization of a sustainable society, recognizing ESG initiatives to be a management topic of utmost importance based on its Philosophy: "By keeping up with the times and carefully responding to the demands of an ever-changing business environment, we take on challenges that are one step ahead of present-day needs. As a result, we strive to enhance our corporate value and the stability of our management, ultimately contributing to the realization of an affluent society."
[Related sites]
About the FTSE Blossom Japan Sector Relative Index:
https://www.lseg.com/en/ftse-russell/indices/blossom-japan
About the TPI Management Quality Score:
https://transitionpathwayinitiative.org/
The TPI Management Quality Score (MQ Score) is an assessment of the quality of a company's management of greenhouse gas emissions and responses to risks and opportunities related to the transition to a low carbon economy, based on the information the company discloses.
[Reference]
Kamigumi Co., Ltd. website: Sustainability
https://www.kamigumi.co.jp/english/sustainability/
For inquiries on this matter, please contact:Public Relations Dept.
Tel: +81-78-271-5110