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Press Release

Aug. 04, 2021

TOYO TIRES Remains a Constituent of ESG Indexes

Hyogo, Japan – August 4, 2021 – Toyo Tire Corporation (Headquarters: Itami City, Hyogo Prefecture; President & CEO: Takashi Shimizu; hereinafter, “Toyo Tire”) hereby announced that it has again been selected as the member of three ESG indexes: the FTSE4Good Index Series, the FTSE Blossom Japan Index, and the SOMPO Sustainability Index. This is the second consecutive year that the company has been recognized as a constituent of these indexes.

On 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.) In 2019, our group formulated “TOYO TIRE’s SDGs”, which outline the Group’s vision for 2030, and announced that we would aim to achieve the 14 goals for sustainable growth set out therein. “Mid-Term’21 Plan,” our new medium-term business plan that announced this February, calls for making sustainability and ESG a part of our business management. Also, in April this year, we established a Sustainability Committee to promote initiatives toward the achievement of a sustainable society, including solving social issues, creating value, and addressing various risks in the course of our business activities.

The ESG index is a stock index composed of companies evaluated by an independent evaluation agency to be committed to ESG-oriented management. And, companies’ sustainability initiatives are drawing all the more attention as a way to better maintain the international community under today’s influence of the global expansion of COVID-19.

As in last year, we have been 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 
* https://www.toyotires-global.com/csr/evaluation/

We take it sincerely that continuing to be adopted by multiple ESG brands means that we are being counted on to fulfill our social mission globally. We will, as a global tire manufacturer that engages in corporate activities based on ESG, continue to contribute to the realization of a sustainable mobility society.


(Reference)

■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.

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Toyo Tire Corporation
Corporate Communications Dept.
Hyogo Head office Telephone: +81-72-789-9100 Facsimile: +81-72-773-3272
Tokyo office Telephone: +81-3-5780-8158 Facsimile: +81-3-5780-8159

Press Release is intended for media purposes, and is current of the date of publication.
Information is subject to change with or without notice.