JFE Holdings, Inc. announced today that for the first time it has been selected for inclusion in the MSCI Japan ESG Select Leaders Index, an investment index of selected Japanese companies that demonstrate high environmental, social and governance (ESG) performance. The index is one of the ESG indices used by Japan’s Government Pension Investment Fund (GPIF), the largest pension fund in the world.

JFE is also a component of a number of other indices adopted by the GPIF, including the MSCI Japan Empowering Women Index (WIN) compiled by MSCI, the FTSE Blossom Japan Index and FTSE Blossom Japan Sector Relative Index compiled by FTSE Russell and the S&P/JPX Carbon Efficient Index jointly developed by S&P Dow Jones Indices and the Japan Exchange Group. Being added to the MSCI Japan ESG Select Leaders Index means that JFE is now a component of every Japanese-equity ESG index used by the GPIF.* At present, the company is the only steel manufacturer that has been selected for inclusion in all such indices.

JFE is committed to supporting environmental and social sustainability, including by addressing major issues in modern society as well as enhancing the company’s own corporate governance. JFE has established climate-change mitigation as one of its top corporate priorities, based on which the company’s Seventh Medium-Term Business Plan (FY2021–24) introduced the JFE Group Environmental Vision for 2050, which calls for JFE to become a carbon-neutral company by 2050. This past February, JFE set the interim goal of reducing its CO₂ emissions in FY2030 by 30% or more below the FY2013 level, for which the company plans to provide regular updates on its progress in achieving this goal.

JFE, guided by its corporate vision of “Contributing to society with the world’s most innovative technology,” is developing products and services for a more abundant world today and far into the future, striving to contribute toward a more sustainable world as well as ensure sustained corporate growth.

*Information on the GPIF’s ESG investing: https://www.gpif.go.jp/en/investment/esg/

For more about JFE’s ESG initiatives: https://www.jfe-holdings.co.jp/en/csr/index.html

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