Jul. 15, 2020
TOYO TIRES Adopted as Member of ESG Indexes
Hyogo, Japan – July 13, 2020 – Toyo Tire Corporation (Headquarters: Itami City, Hyogo Prefecture; President & CEO: Takashi Shimizu; hereinafter, “Toyo Tire”) announces that it was selected as the member of three ESG indexes: the FTSE4Good Index Series, the FTSE Blossom Japan Index, and the SOMPO Sustainability Index.
In a responsible global company, there is a worldwide demand to aim for a sustainable international society by conducting management that takes into account ESG (Environment / Social / Governance.) The ESG index is a stock index composed of companies that are evaluated by independent evaluation agencies to focus on ESG management. And, companies' sustainability initiatives are attracting increasing attention in order to better maintain the international community under today’s influence of the global expansion of COVID-19 infection. Our Group issues CSR reports every year to inform our stakeholders of its unique activities, and in March 2019, TOYO TIRE's SDGs were set and announced that it aims to achieve 14 goals for sustainable development goals (SDGs.) We are actively working to realize a sustainable society.
This time, we are included in three ESG indexes that “FTSE4Good Index Series” and “FTSE Blossom Japan Index”, they are developed by FTSE Russell, a subsidiary of the London Stock Exchange Group, and "SOMPO Sustainability Index" operated by Sompo Asset Management.
For details of each brand, please refer to "External Recognition"* on our corporate website.
We take it sincerely that being adopted by multiple ESG brands means that we are expected to be a company that should fulfill its social mission globally. We will continue to incorporate ESG's fundamentals into our corporate activities and contribute to the realization of a sustainable mobility society as a global tire manufacturer.
■About FTSE Index
Toyo Tire announces it has been included in the FTSE4Good Index Series and the FTSE Blossom Japan Index.
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products.
The FTSE Blossom Japan Index is designed as an industry neutral benchmark that reflects the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices in Japan.
FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption and Climate Change. Businesses included in the FTSE4Good Index Series and the FTSE Blossom Japan Index meet a variety of environmental, social and governance criteria.
■About SOMPO Sustainability Index
The SOMPO Sustainability Index is a unique active index composed of approximately 300 companies with outstanding environmental, social and governance (ESG) initiatives. This is reviewed every year based on the results of ESG assessments, SOMPO Risk Management Inc.’s "Bunanomori Environmental Survey" and Integrex Inc.’s Integrex Screening.
□About our CSR activities
On June 30, this year, we published CSR Report 2020, a summary of our CSR activities and other undertakings in the fiscal 2019. In this report, we explain in details of the Toyo Tire Group’s "SDGs", which are being deployed globally, and also offers an in-depth introduction of the activities being carried out by each corporate organization to achieve a sustainable mobility society. For details, please refer to "Report Downloads"* on our corporate website. (The global edition will be updated at the end of July.)
Toyo Tire Corporation
Corporate Communications Dept.
Hyogo Head office Telephone: +81-72-789-9100 Facsimile: +81-72-773-3272
Tokyo office Telephone: +81-3-5822-6621 Facsimile: +81-3-3865-2240
Press Release is intended for media purposes, and is current of the date of publication.
Information is subject to change with or without notice.