JFE Holdings, Inc.
JFE Added to ESG-focused FTSE4Good Index Series and
FTSE Blossom Japan Index
JFE Holdings announced today that for the first time it has been selected as a constituent in the FTSE4Good Index Series1, a series of prominent global investment index focused on Environmental, Social, and Governance (ESG) practices, and the FTSE Blossom Japan Index2, which tracks Japanese companies with strong ESG practices.
JFE Holdings is now a constituent of three ESG investment indices used by the world’s largest pension fund, Japan’s Government Pension Investment Fund (GPIF), namely the FTSE Blossom Japan Index, the MSCI Japan Empowering Women Index (WIN), and the S&P/JPX Carbon Efficient Index.
One of the main measures of JFE’s current medium-term business plan is to strengthen the company’s business structure for sustainable growth, based on which JFE is focusing carefully on ESG issues including climate change, safety, and compliance. The company believes that these socially responsible initiatives led to its inaugural inclusion in the FTSE index.
Going forward, JFE will continue to pursue sustainable growth in line with its corporate vision of “Contributing to society with the world’s most innovative technology,” ultimately to contribute to the development of sustainable societies.
1FTSE4Good Index Series
Developed by FTSE Russell, a subsidiary of the London Stock Exchange Group, the index comprise companies that are demonstrating strong environmental, social, and governance practices. It is used widely to create and evaluate sustainable investment funds and other financial instruments.
2FTSE Blossom Japan Index
Also developed by FTSE Russell, this index measures the performance of Japanese companies that demonstrate strong ESG practices.
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